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WHEN RECORDED, RE TO:RECORDED BY: <br />AGREEMENT FOR PAYMENT OF BONDED INDEBTEDNESS <br />Tract No. 6740, Avila I at Hacienda, Pleasanton. <br />Alameda County, California <br />This Agreement for Payment of Bonded Indebtedness ("Agreement") is made this ~a~~J <br />day of /~I/~~ ,1996, by Signature Properties, Inc., a California corporation, <br />("Developer"), and the City of Pleasanton, a municipal corporation, ("City"}. <br />1. Developer is the owner of all of the real property located in the City of <br />Pleasanton, State of California, described as follows: <br />Lots. l through 88, inclusive, Parcels A through P, inclusive, as shown on the subdivision <br />map of Tract 670 filed for record on /t'~~ y ~ ,.1996, in Book z z4'` of Maps <br />at Pages `~ ~~'~' et seq. in the Official Records of the County of Alameda, State of <br />California (collectively the "Property"). <br />2. The parties agree and acknowledge that: (i) Lots 1 through 88 inclusive, are lots <br />upon which a single family residential structure can be constructed; and (ii} that Parcels A <br />through P inclusive, are common area parcels upon which no residential structure can be <br />constructed. <br />3. The Property is currently encumbered by the following bonds: <br />a. Assessments payable under the Consolidated Reassessment District <br />1993-1; <br />b. Assessments payable under the Consolidated Reassessment District <br />1993-2; <br />c. Assessments payable under the Consolidated Reassessment District <br />1993-3. <br />The assessments identified in subparagraphs a. through c., inclusive, of this Paragraph 3, above, <br />are collectively referred to as the "Bonds". <br />4. The parties acknowledge and agree that: <br />