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HomeMy WebLinkAboutOrd 06-24 Approving a Development Agreement between the City of Dublin and GH PacVest, LLC related to the Dublin Fallon 580 ProjectDocusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 ORDINANCE NO. 06 — 24 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND GH PACVEST, LLC RELATED TO THE DUBLIN FALLON 580 PROJECT (PLPA-2023-00033) (APNs 985-0027-002-00, 905-0001-006-03, 985-0027-004-00, 985-0027-005-00) The Dublin City Council does ordain as follows: SECTION 1. RECITALS A. A request has been made by GH PacVest LLC to enter into a Development Agreement with the City of Dublin for the property known as the Dublin Fallon 580 Project site, which includes properties identified as Assessor Parcel Numbers 985-0027-002-00, 905-0001-006-03, 985-0027-004-00, and 985-0027-005-00, an approximately 192-acre site. B. The Property Owner, GH PacVest LLC, is requesting approval of General Plan and Eastern Dublin Specific Plan amendments, an amendment to the existing Planned Development (PD) Zoning Stage 1 Development Plan, approval of a Stage 2 Development Plan for the residential use, Vesting Tentative Map Nos. 8663, 8666, and 8667, and a Development Agreement for the Dublin Fallon 580 Project. The proposed project would eliminate the Public/Semi-Public land use designation and convert 42.6 acres designated Open Space to Parks/Public-Recreation, establish development standards for the future development of 238 residential units and approximately 3,299,670 square feet of commercial/campus office use. The 192-acre site would be subdivided into 11 parcels. These planning and implementing actions are collectively known as the "Dublin Fallon 580 Project." C. The Project site is approximately 192 acres and is located east of Fallon Road, north of I- 580, and along the future Dublin Boulevard Extension. D. Pursuant to the requirements of the California Environmental Quality Act (CEQA), the City prepared an Addendum for the Project, which reflected the City's independent judgment and analysis of the potential environmental impacts of the Project. Prior CEQA analysis for the Project area includes: 1) the Eastern Dublin General Plan Amendment and Specific Plan EIR (1993); 2) the East Dublin Properties Stage 1 Development Plan and Annexation Supplemental EIR (2002); and 3) the Fallon Village Supplemental EIR (2005). Collectively, these three environmental review documents are referred to as the "EDSP EIRs." E. The proposed Development Agreement is attached to this Ordinance as Exhibit A. F. The Planning Commission held a public hearing on the proposed Development Agreement on June 11, 2024, for which public notice was given by law. G. The Planning Commission recommended that the City Council approve the Dublin Fallon 580 Project including the Development Agreement by Resolution No. 24-05. H. A public hearing on the proposed Development Agreement was held before the City Council on July 16, 2024 for which public notice was given as provided by law. Reso. No. 06-24, Item 5.4, Adopted 08/20/2024 Page 1 of 3 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 I. The City Council has considered the recommendation of the Planning Commission, including the Planning Commission's reasons for its recommendation, the Agenda Statement, all comments received in writing, and all testimony received at the public hearing. SECTION 2: FINDINGS AND DETERMINATIONS Therefore, on the basis of: (a) the foregoing Recitals which are incorporated herein, (b) the City of Dublin General Plan; (c) the Eastern Dublin Specific Plan, (d) the Dublin Fallon 580 Addendum; (e) the Staff Report; (f) information in the entire record of proceeding for the Project, and on the basis of the specific conclusions set forth below, the City Council finds and determines that: A. The Development Agreement is consistent with the objectives, policies, general land uses and programs specified and contained in the City's General Plan, and in the Eastern Dublin Specific Plan in that: (a) the Development Agreement incorporates the objectives policies, general land uses and programs in the General Plan and Specific Plan and does not amend or modify them; and (b) the Project is consistent with the fiscal policies of the General Plan and Specific Plan with respect to the provision of infrastructure and public services. B. The Development Agreement is compatible with the uses authorized in, and the regulations prescribed for, the land use districts in which the real property is located because the Development Agreement does not amend the uses or regulations in the applicable land use district. C. The Development Agreement is in conformity with public convenience, general welfare, and good land use policies in that the Developer's Project will implement land use guidelines set forth in the Eastern Dublin Specific Plan and the General Plan as articulated in Resolution No. 84-24, amending the General Plan and the Eastern Dublin Specific Plan, adopted by the City Council on July 16, 2024. D. The Development Agreement will not be detrimental to the health, safety, and general welfare in that the Developer's proposed Project will proceed in accordance with all the programs and policies of the General Plan, Eastern Dublin Specific Plan, and future Project Approvals and any Conditions of Approval. E. The Development Agreement will not adversely affect the orderly development of property or the preservation of property values in that the project will be consistent with the General Plan, the Eastern Dublin Specific Plan, and future project approvals. F. The Development Agreement specifies the duration of the agreement, the permitted uses of the property, and the obligations of the Applicant. The Development Agreement contains an indemnity and insurance clause requiring the developer to indemnify and hold the City harmless against claims arising out of the development process, including all legal fees and costs. SECTION 3. APPROVAL The City Council hereby approves the Development Agreement (Exhibit A to the Ordinance) and authorizes the City Manager to execute it. Reso. No. 06-24, Item 5.4, Adopted 08/20/2024 Page 2 of 3 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 SECTION 4. RECORDATION Within ten (10) days after the Development Agreement is fully executed by all parties, the City Clerk shall submit the Agreement to the County Recorder for recordation. SECTION 5. EFFECTIVE DATE AND POSTING OF ORDINANCE This Ordinance shall take effect and be in force thirty (30) days from and after the date of its passage. The City Clerk of the City of Dublin shall cause the Ordinance to be posted in at least three (3) public places in the City of Dublin in accordance with Section 36933 of the Government Code of the State of California. PASSED AND ADOPTED by the City Council of the City of Dublin, on this 20th day of August 2024, by the following vote: AYES: Councilmembers Hu, Josey, Qaadri, Thalblum and Mayor McCorriston NOES: ABSENT: ABSTAIN: ATTEST: 1-DocuSigned by: (01114AAL_ V1426-n-Q—_ City ClerkF40N.. Signed by: Mayor UbAU4b1... Reso. No. 06-24, Item 5.4, Adopted 08/20/2024 Page 3 of 3 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 Exhibit A to Ordinance - Development Agreement RECORDING REQUESTED BY: CITY OF DUBLIN WHEN RECORDED MAIL TO: City Clerk City of Dublin ioo Civic Plaza Dublin, CA Fee Waived per GC 27383 Space above this line for Recorder's use DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DUBLIN AND GH PACVEST, LLC FOR THE DUBLIN FALLON 0 PROJECT APNs: 0-001-00 -0 , -002 -02, -002 -0 , and -002 -0 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 THIS DEVELOPMENT AGREEMENT (this "Agreement" or this "Development Agreement") is made and entered into for reference purposes on this day of , 202 , by and between the City of Dublin, a Municipal Corporation (hereafter "City"), and GH PacVest, LLC, a Delaware Limited Liability Company (hereafter "Developer") pursuant to the authority of §§ et seq. of the California Government Code and Dublin Municipal Code, Chapter . . City and Developer are, from time -to -time, individually referred to in this Agreement as a "Party," and are collectively referred to as "Parties." RECITALS A. California Government Code Sections et seq. ("Development Agreement Statute") and Chapter . of the Dublin Municipal Code (hereafter "Chapter . ") authorize the City to enter into a Development Agreement for the development of real property with any person having a legal or equitable interest in such property in order to establish certain development rights in such property. B. Developer owns certain real property (the "Property") consisting of approximately 1 2 acres of land, as more particularly described in Exhibit A, Legal Description of Property, attached hereto and incorporated herein by reference. C. Developer has applied for, and City has approved, various land use approvals in connection with a project consisting of up to 2 residential units and up to ,2 , o square feet of commercial/office development (the "Project"), including, without limitation, amendments to the Dublin General Plan and Eastern Dublin Specific Plan (Resolution No. ___-2 ), an amendment to Planned Development Zoning Ordinance No. 2-0 for Fallon Village and a Planned Development Zoning Stage 2 Development Plan for the Dublin Fallon o Project (Ord. No. ___-2 adopted by the City Council on _, 202 ), Vesting Tentative Tract Maps , , and for the Dublin Fallon o Project (Resolution No. ___-2 adopted on _, 202 ), and this Agreement (approved by the Development Agreement ("DA") Approving Ordinance (defined below)) (collectively the "Project Approvals"). D. City desires the timely, efficient, orderly, and proper development of the Project. E. The City, in collaboration with the City of Livermore, is the lead agency that desires to construct a project generally described as the roadway extension of Dublin Boulevard from Fallon Road to the Dublin city limits, 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 continuing easterly through unincorporated Alameda County and connecting to North Canyons Parkway within the City of Livermore, commonly referred to as the proposed Dublin Boulevard - North Canyons Parkway Extension Project ("Dublin Boulevard Extension"). On September , 201 , the City Council adopted Ordinance No. io-i to establish Right -of -Way Lines for Dublin Boulevard between Fallon Road and the Eastern City Limit ("Precise Plan"). F. City and Developer have reached agreement and desire to express herein a Development Agreement that will facilitate development of the Project subject to conditions set forth herein. G. The development of the Property and the Project has been evaluated in three environmental impact reports ("EIR") certified by the City: (1) Eastern Dublin General Plan Amendment and Specific Plan Environmental Impact Report, State Clearinghouse No. 110 0 ; (2) East Dublin Properties Stage 1 Development Plan and Annexation Supplemental EIR (State Clearinghouse No. 20010 211 ); and ( ) Fallon Village Project Draft Supplemental EIR (State Clearinghouse Number 200 0 2010) (collectively, "Prior EIRs"). The Prior EIRs specifically addressed the General Plan, Specific Plan and Stage 1 Planned Development Zoning and Development Plan for the Project. An Initial Study was prepared for the amendment to Planned Development Zoning Ordinance No. 2- o Stage 1 Development Plan; Stage 2 Planned Development Rezoning and Development Plan; Vesting Tentative Parcel Maps , and ; and this Development Agreement to determine whether these approvals will result in any new or substantially more severe significant environmental impacts than those analyzed in these prior EIRs or any other standard requiring further environmental review under CEQA are met (Public Resources Code Section 211 and CEQA Guidelines Sections 1 1 2 and 1 1 ). The Initial Study determined that these approvals did not trigger any of the CEQA standards requiring further environmental review. An Addendum was prepared for these approvals explaining the basis for finding no further review is required under CEQA pursuant to CEQA Guidelines Section 1 1 (e). The City Council considered and approved the findings in the Addendum (Reso. No. ___-2 adopted on _, 202 ) prior to approving the General Plan and Eastern Dublin Specific Plan amendments, the amendment to Planned Development Zoning Ordinance No. 2-0 Stage 1 Development Plan; Stage 2 Planned Development Rezoning and Development Plan; Vesting Tentative Parcel Maps , , and ; and this Development Agreement. H. City has given the required notice of its intention to adopt this Development Agreement and has conducted public hearings thereon pursuant to Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 Government Code Section and Chapter . . As required by Government Code Section . , City has found that the provisions of this Development Agreement and its purposes are consistent with the goals, policies, standards, and land use designations specified in City's General Plan. I. On June 11, 202 , the City of Dublin Planning Commission, the initial hearing body for purposes of Development Agreement review, recommended approval of this Development Agreement pursuant to Resolution No. 2 -0 . J. On , 202 , the City Council of the City of Dublin adopted Ordinance No. __-2 approving this Development Agreement (the "DA Approving Ordinance"). The DA Approving Ordinance took effect on 202 . NOW, THEREFORE, with reference to the foregoing recitals and in consideration of the mutual promises, obligations and covenants herein contained, City and Developer agree as follows: AGREEMENT 1. Description of Property. The Property that is the subject of this Agreement is described in Exhibit A. -, 2. Interest of Developer. Developer has a legal interest in the Property in that it is the owner of the Property. Relationship of City and Developer. It is understood that this Agreement is a contract that has been negotiated and voluntarily entered into by the City and Developer and that neither City nor Developer is an agent of the other. The City and Developer hereby renounce the existence of any form of joint venture or partnership between them and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making the City and Developer joint venturers or partners. Effective Date and Term .1 Effective Date. The effective date of this Agreement ("Effective Date") is the date upon which the DA Approving Ordinance takes effect. .2 Term. The term of this Agreement shall commence on the Effective Date and shall continue for 10 (ten) years following the City Council's Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 acceptance of the Dublin Boulevard Extension project as constructed to its ultimate width and length as described in the City's certified EIR for the Dublin Boulevard Extension, as more particularly described in Exhibit C, attached hereto and incorporated herein, unless said term is otherwise extended or terminated as provided in this Agreement (as so extended or terminated, the "Term"). In the event that any third -party lawsuit is filed challenging the City's issuance of the Project Approvals or its compliance with CEQA, the Term of this Agreement shall be automatically extended for a duration equal to the time from the filing of such lawsuit to the entry of a final order dismissing or otherwise finally terminating such lawsuit, which duration shall include any appeals ("Litigation Extension"). If required by one of the parties, the other party shall enter into a Clarification pursuant to Section 1 . below memorializing the length of such Litigation Extension. This Agreement shall terminate with respect to any for sale residential lot and such lot shall be released and no longer subject to this Agreement, without the execution or recordation of any further document, when a certificate of occupancy has been issued for the building(s) on such lot. . Optional Extension. Prior to the expiration of the Term of this Development Agreement, as provided in Section .2, Developer may extend the Term of the Development Agreement. To do so, Developer shall give City written notice at least ninety ( o) days prior to the termination date of the Development Agreement. At the time Developer provides such notice, Developer shall make a payment to City in the amount of $2 0,000 (adjusted for inflation from the Effective Date using the CPI-U, San Francisco -Oakland -San Jose Area) for each year of extension requested under this provision. Upon receipt of the notice and the contribution, the City Manager shall approve the extension and shall notify the Developer in writing that the Term of the Development Agreement has been automatically extended for an additional time period equal to the time period requested by Developer under this provision, commencing on the date the Development Agreement would otherwise have terminated; provided Developer may exercise its option to extend the Development Agreement no more than five ( ) times, for a maximum total Term of the Development Agreement of fifteen (1 ) years (plus any extensions pursuant to Sections .2 or . hereof). Provided there is an extension period remaining, Developer may request the extension for multiple years and provide the payment due for each year's extension. Each extension shall apply to the entire Property upon payment of one $2 0,000 (as adjusted in accordance with this Section . ) per year extension payment, even if the Property is owned by multiple Developers at that time. Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 . Term of Project Approvals. The term of any Project Approvals (as defined in Recital C) for the Property or any portion thereof, specifically including without limitation the Vesting Tentative Tract Maps , , and , shall be extended automatically for the Term of this Agreement. . .i Termination of Agreement. In the event that this Agreement is terminated prior to the expiration of the Term, the term of any Project Approval and the vesting period for any final subdivision map approved as a Project Approval shall be the term otherwise applicable to the approval. Vested Rights/Use of the Property/Applicable Law/Processing .i Right to Develop. Developer shall have the vested right to develop the Project on the Property in accordance with the terms and conditions of (i) this Agreement, the Project Approvals (as and when issued), and any amendments to any of them as shall, from time to time, be approved pursuant to this Agreement, and (ii) the City's ordinances, codes, resolutions, rules, regulations and official policies governing the development, construction, subdivision, occupancy and use of the Project and the Property including, without limitation, the General Plan, the Dublin Municipal Code, and the Specific Plan, the permitted uses of the Property, density and intensity of use of the Property and the maximum height, bulk and size of proposed buildings, and the provisions for reservation or dedication of land for public purposes that are in force and effect on the Effective Date of this Agreement (collectively, "Applicable Law"). In exercising its discretion when acting upon subsequent project approvals, City shall apply the Applicable Law as the controlling body of law. Notwithstanding the foregoing or anything to the contrary herein, any amendment to the Project Approvals shall not become part of the law Developer is vested into under this Agreement unless an additional amendment of this Agreement is entered into between Developer and City in accordance with this Agreement. In the event that such amendments to the Project Approvals are sought for any distinct portion of the Property or Project, such amendments shall not require amendment of this Agreement with respect to any other portion of the Property or Project, except to the extent set forth in such amendment. .2 Fees, Exactions, Dedications. The City shall not apply to the Project any development impact fee or any application, processing, or inspection fee (collectively, "Fees") that the City first enacts after the Effective Date. Except as otherwise set forth in this Agreement, City and Developer agree that this Agreement does not limit the City's discretion to impose or require (a) payment Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 of any fees in connection with the issuance of any subsequent project approvals as necessary for purposes of mitigating environmental and other impacts of the Project, (b) dedication of any land, or (c) construction of any public improvement or facilities (collectively "Exactions"). Except as specifically provided herein, nothing in this Agreement shall limit the City's ability to impose existing development impact Fees at rates that are increased beyond the amounts in effect on the Effective Date or limit Developer's ability to challenge any such increases under state or local law. . Construction Codes. Notwithstanding the provisions of Section .1 above, to the extent Applicable Law includes requirements under the state or locally adopted building, plumbing, mechanical, electrical and fire codes (collectively the "Codes"), the Codes included shall be those in force and effect at the time Developer submits its application for the relevant building, grading, or other construction permits to City. In the event of a conflict between such Codes and the Project Approvals, the Project Approvals shall, to the maximum extent allowed by law, prevail. For construction of public infrastructure, the Codes applicable to such construction shall be those in force and effect at the time of execution of an improvement agreement between City and Developer pursuant to Chapter .1 of the Dublin Municipal Code. . New Rules and Regulations. During the Term of this Agreement, the City may apply new or modified ordinances, resolutions, rules, regulations, and official policies of the City to the Property which were not in force and effect on the Effective Date only to the extent they are not in conflict with the vested rights granted by the Applicable Law, the Project Approvals, or this Agreement. In addition to any other conflicts that may occur, each of the following new or modified ordinances, resolutions, rules, regulations, or official policies shall be considered a per se conflict with the Applicable Law: . .1 Any application or requirement of such new or modified ordinances, resolutions, rules, regulations or official policies that would (i) cause or impose a substantial financial burden on, or materially delay development of the Property as otherwise contemplated by this Agreement or the Project Approvals, (ii) frustrate in a more than insignificant way the intent or purpose of the Project Approvals or preclude compliance therewith including, without limitation, by preventing or imposing limits or controls in the rate, timing, phasing or sequencing of development of the Project; (iii) prevent or limit the processing or procuring of subsequent project approvals; or (iv) reduce the density or intensity of use of the Property as a whole, or otherwise requiring any reduction in the square footage of, or total number of, proposed buildings, Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 structures and other improvements, in a manner that is inconsistent with or more restrictive than the limitations included in this Agreement and the Project Approvals; and/or . .2 If any of such ordinances, resolutions, rules, regulations, or official policies do not have general (City-wide) applicability. . Moratorium Not Applicable. Notwithstanding anything to the contrary contained herein, if a City ordinance, resolution, policy, directive, or other measure is enacted or becomes effective, whether by action of the City or by initiative, and if it imposes a building moratorium which affects all or any part of the Project, City agrees that such ordinance, resolution or other measure shall not apply to the Project, the Property, this Agreement or the Project Approvals unless the building moratorium is imposed as part of a declaration of a local emergency or state of emergency as defined in Government Code Section , provided that to the extent a moratorium applies to all or any part of the Project then the Term shall automatically be extended for a period of time equal to the period of the moratorium. . Revised Application Fees. Notwithstanding Section .2, any existing application, processing and inspection fees that are revised during the Term of this Agreement shall apply to the Project provided that (1) such fees have general applicability and are consistent with State law limitations that processing fees not exceed the estimated reasonable cost of providing the service for which they are charged; (2) the application of such fees to the Property is prospective; and ( ) the application of such fees would not prevent, impose a substantial financial burden on, or materially delay development in accordance with this Agreement. By so agreeing, Developer does not waive its rights to challenge the legality of any such application, processing, and/or inspection fees. . New Taxes. This Agreement shall not prohibit the application of any subsequently enacted City-wide taxes to the Project provided that (1) the application of such taxes to the Property is prospective, and (2) the application of such taxes would not prevent development in accordance with this Agreement. By so agreeing, Developer does not waive its rights to challenge the legality of any such taxes, facially or as applied to its Project or Property, or to claim exemption from any taxes to the extent allowed by law. . Development of the Project; Phasing, Timing. Since the California Supreme Court held in Pardee Construction Co. v. City of Camarillo Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 (1 ) Cal. d , that the failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over such parties' agreement, it is the Parties' intent to cure that deficiency by acknowledging and providing that this Agreement contains no requirements that Developer must initiate or complete any action, including without limitation, development of the Project within any period of time set by City. Nothing in this Agreement is intended to create nor shall it be construed to create any affirmative development obligations to develop the Project, or liability in Developer under this Agreement if the development fails to occur. It is the intention of this provision that Developer be able to develop the Property in accordance with its own time schedules and the Project Approvals. . Processing. Nothing in this Agreement shall be construed to limit the authority or obligation of City to hold necessary public hearings, nor to limit the discretion of City or any of its officers or officials with regard to subsequent project approvals that require the exercise of discretion by City, provided that such discretion shall be exercised consistent with the vested rights granted by this Agreement, the Applicable Law, and the Project Approvals. . Property Grading. .1 Phasing. For mutual benefit, the Parties desire mass grading of the Property prior to the Dublin Boulevard Extension through the Property. Pursuant to Dublin Municipal Code Section .1 .1 o(B), when the intended use of a site requires approval of a discretionary zoning permit, a grading permit shall not be issued until said approval. The Parties agree that the intended use, exclusively for purposes of Dublin Municipal Code Section .1 .1 o(B) and this Section, shall mean the Dublin Boulevard Extension. In accordance with this Section, Developer may apply for, and City may issue a grading permit, notwithstanding approval of a discretionary zoning permit for the intended use of the remainder of the Project site. .2 Slope Easement. The Project Approvals require Developer to dedicate a Slope Easement ("SE") for that portion of the Property adjacent to the future Dublin Boulevard frontage, if mass grading has not commenced per the preliminary grading plan as shown on the Vesting Tentative Tract Map . Developer shall cooperate in good faith with the City Engineer on the extent of the SE dedication necessary to accommodate the Dublin Boulevard Extension. The SE shall be dedicated by separate instrument, in a form satisfactory to the City Engineer and City Attorney, prior to the first final or parcel map filed by Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 Developer within the three-year ( ) period referenced in Section . If a final or parcel map is not filed by Developer within the three-year ( ) period, the SE shall be dedicated in conjunction with the Dublin Boulevard Extension right-of-way dedication described in Section . . Affordable Housing. .1 Units Required by Regulations. Developer proposes up to 2 residential units on the Property. Pursuant to the City's Inclusionary Zoning Regulations (Chapter . of the Dublin Municipal Code) (the "Regulations"), developers of more than twenty (2o) residential units are required to set aside 12. % of the total number of units in the project as affordable units as specified. .2 Alternative Compliance Authorized. Under the Regulations, certain exceptions permit developers to satisfy the obligation other than through on -site construction. For instance, part of this obligation can be satisfied through the payment of a fee in -lieu of construction of units. In addition, developers can satisfy their affordable housing obligations by, among other mechanisms, obtaining City Council approval of an alternative method of compliance that the City Council finds meet the purposes of the Regulations. . Satisfaction of City Requirements. Developer shall satisfy its affordable housing obligation through compliance with the Regulations. . Right -of -Way Dedications. The Project Approvals require Developer to dedicate a portion of the Property to the City in fee as right-of-way for the Dublin Boulevard Extension, in general conformance with the adopted Precise Plan, the most current design plans on file with the office of the City Engineer at the time of dedication, and the Vesting Tentative Tract Map . Such dedication shall occur no later than three ( ) years from the approval date of the Vesting Tentative Tract Maps , , and . The dedicated right-of- way shall be shown on the first final or parcel map filed within three -years ( ) of the approval date of Vesting Tentative Tract Maps , , and . If a final or parcel map is not filed within the three-year ( ) period, the right-of-way shall be dedicated by a separate deed instrument, in a form satisfactory to the City Engineer and City Attorney. Developer agrees that it will not receive any 10 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 compensation or receive any Eastern Transportation Impact Fee ("EDTIF") credits for dedicating the right-of-way for the Dublin Boulevard Extension. . Community Facilities District - Service and Maintenance of Public Streets and Improvements. .1 Community Facilities District. Developer agrees to cooperate in the formation of, or annexation into, a community facilities district or districts established pursuant to the Mello -Roos Act, including approval of RMA for the purpose of financing the services and maintenance of all public streets (including storm drain systems, streetlights, and other street appurtenances) constructed by the Developer within the future residential tract parcels after City's acceptance of improvements. Developer agrees that the boundaries of the district(s) will include all of the Property, and that Developer will not contest and will, for and on behalf of all of the Property, vote in favor of formation of or annexation into the district(s) prior to filing the first final map. Developer shall pay its fair share of administrative costs incurred by the City associated with the formation of and/or annexation into the district(s), as determined by the City Engineer, prior to filing the first final map. .2 Alternative Method of Compliance. Notwithstanding the foregoing, City agrees that Developer may alternatively establish a maintenance fund, in an amount to be determined by the City Engineer, that compensates for all future maintenance of all public streets (including storm drain systems, street lights, and other street appurtenances) within Parcels and (future residential tract), as shown on the Vesting Tentative Tract Maps , , and , after City's acceptance of improvements. If Developer complies with this Section .2 prior to filing the first final map, Developer shall be exempt from compliance with Section .1. 10. Eastern Dublin Transportation Impact Fee Credits. Developer shall not use or apply any EDTIF credits that it purchased or transferred from any other credit -holder to satisfy Developer's obligations set forth herein. City agrees that EDTIF credits for all eligible "Public Improvements" as defined in Section 1 shall be provided for use by Developer upon completion of construction or upon bonding for said "Public Improvements." Developer shall also have the right to transfer or sell any eligible EDTIF credits that it receives from the City to future commercial (GC/CO) or residential developers of the 11 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 various parcels of Tract in accordance with the requirements of the Consolidated Impact Fee Administrative Guidelines, February 202 . 11. Cooperation with Mitigation. 11.1 The City is in the midst of pursuing regulatory -agency permits for the Dublin Boulevard Extension project ("DBE project") that crosses through the Property. The Property is such that the City is required to mitigate for the permanent indirect impacts on special status species in the areas of the Property south of Dublin Boulevard. Developer's Project will require Developer to mitigate for direct impacts on special status species in the areas of the Property south of Dublin Boulevard. The City has already committed to financing the mitigation of the DBE project, and Developer will directly benefit from such expenditure. Meanwhile, Developer is prepared to submit permits of its own to the resource agencies, and those permit submittals will require a mitigation plan that includes mitigation for the permanent indirect impacts south of Dublin Boulevard, and the City is not yet prepared to submit its permits. The City has caused its consultant, Resource Environmental Solutions, Inc., to begin developing a plan to make its mitigation solution available for Developer's use in mitigating the Project's direct impacts. The Parties agree to cooperate in a commercially reasonable manner to effectuate the goal of making the City's mitigation solution available to Developer. Accordingly, each party agrees to deliver whatever consents may be necessary to accomplish such objective. 12. Nature Community Parkland. 12.1 Purchase and Sale. Subject to to -be -negotiated terms, the Developer will sell, and City will purchase, using revenues derived from the Public Facilities Fee ("PFF"), the approximately 2. 2 acres of land on the Property that is presently designated as "Open Space" under the City's General Plan and the Eastern Dublin Specific Plan (the "Nature Park Land") for a total purchase price of $2 , , o ("Purchase Price"). The purchase price is based on the land value of $ , oo per acre used in the City's PFF program. If the final acreage delivered to the City is more or less than 2. 2 acres, but not more than .10 acres, the Purchase Price shall be adjusted accordingly. The Parties agree to negotiate in good faith toward a mutually agreeable purchase and sale agreement (the "PSA") within six months of the Effective Date. 12.1.1 Initial Payment. The Parties agree that the City's initial payment under the PSA will take the form of a $ ,2 ,i payment(or such amount as may be adjusted below) (the "Initial Payment") to the Developer to 12 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 purchase the Nature Parkland from the PFF that will be simultaneously paid by the Developer to the City for the Mitigation Cost. The Initial Payment calculation of $ ,2 ,1 is the City's present estimate of the City's cost of mitigating for the permanent indirect impacts on special status species of the Dublin Boulevard Extension project on the Property in areas south of Dublin Boulevard (the "Mitigation Cost"). Should the Mitigation Cost exceed $ ,2 ,1 , the Initial Payment shall be increased to be equal to the increased amount. Developer has previously committed to reimbursing the City for the Mitigation Cost because the Mitigation offsets the Developer's obligation to mitigate for the direct impacts on special species of the development on the same lands. Should negotiations on the PSA not be proceeding to the City's satisfaction, the City may elect at any time to require Developer to reimburse it for the Mitigation Cost. 12.1.2 Remaining Balance. With regard to the remaining balance of the Purchase Price after the Initial Payment, the Parties acknowledge that the Public Facilities Fee funds presently available are insufficient to allow the City to pay the full amount of the Purchase Price in the short term. The City acknowledges that its obligation to negotiate in good faith toward the PSA includes negotiating a mutually agreeable payment schedule for payment of the balance of the Purchase Price (the "Payment Schedule") that would be reflected in the PSA. If the Parties are unable to agree on the Payment Schedule in the PSA, Developer may elect to have the balance treated as a credit under the terms of the PFF program. 12.2 Wetlands. The Parties acknowledge that there are the jurisdictional wetlands on the Nature Park Land and that Developer's Resource Agency Permits may subject such lands to a deed restriction or conservation easement for wetland preservation. The Parties agree that the ownership of such lands, and the impact of the deed restriction or conservation easement, should the City take ownership of such lands, on the Purchase Price are unresolved and will have to be resolved in the course of negotiating the PSA. If the City were to take ownership of the jurisdictional wetlands, the Developer shall provide a maintenance fund or establish a maintenance mechanism for maintenance of the wetlands within the Nature Park Land as required by the Resource Agencies. 1 . Public Improvements. The parties agree that the Project's build out will require the completion of certain improvements and that the City's approval of Vesting Tentative Tract Maps , , and shall not prevent the City 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 from later requiring the completion ofthe following in conjunction with later phases of the project: 1 .1 Dublin Boulevard. In conjunction with development of either Parcel 1 or Parcel 2 of Vesting Tentative Tract Map , Developer shall coordinate with the City of Dublin and Alameda County Transportation Commission (ACTC) on the Dublin Boulevard - North Canyons Parkway Extension Project. Developer shall construct Dublin Boulevard Extension Project improvements between Fallon Road and Croak Road, consistent with the latest Dublin Boulevard Extension Project Improvement Plans. The Developer shall be eligible for Eastern Dublin Traffic Impact Fee (EDTIF) credits for the cost of the eligible improvements constructed or bonded for excluding the land cost of the right-of-way, not to exceed the cost shown in the EDTIF. 1 .2 Dublin Boulevard. In conjunction with development of either Parcel or Parcel of Vesting Tentative Tract Map , Developer shall coordinate with the City of Dublin and Alameda County Transportation Commission (ACTC) on the Dublin Boulevard - North Canyons Parkway Extension Project. Developer shall construct Dublin Boulevard Extension Project improvements between Fallon Road and easterly project terminus or any portion not yet constructed within the project boundary, consistent with the latest Dublin Boulevard Extension Project Improvement Plans. The Developer shall be eligible for Eastern Dublin Traffic Impact Fee (EDTIF) credits for the cost of the eligible improvements constructed or bonded for excluding the land cost of the right-of-way, not to exceed the cost shown in the EDTIF. 1 . Dublin Boulevard / Fallon Road Intersection. In conjunction with development of either Parcel 1, Parcel 2, Parcel or Parcel of Vesting Tentative Tract Map , Developer shall complete the Dublin Boulevard / Fallon Road intersection improvements to accommodate the following intersection lane geometry. The minimum width of through lanes and turn lanes adjacent to the median and the curb shall be 12'. • Northbound: three left -turn lanes, four through lanes, two right -turn lanes • Southbound: two left -turn lanes, four through lanes, one right -turn lane • Eastbound: two left -turn lanes, three through lanes, two right -turn lanes • Westbound: three left -turn lanes, three through lanes, one right -turn lane The Developer shall be eligible for Eastern Dublin Traffic Impact Fee (EDTIF) credits for the cost of the eligible improvements constructed or bonded for 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 excluding the land cost of the right-of-way, not to exceed the cost shown in the EDTIF. 1 . Fallon Road / Fallon Gateway - Parcel 1 Access Intersection. In conjunction with development of either Parcel 1, Parcel 2, Parcel or Parcel of Vesting Tentative Tract Map , Developer shall complete the Fallon Road / Fallon Gateway intersection to accommodate the following intersection lane geometry. The minimum width of through lanes and turn lanes adjacent to the median and the curb shall be 12'. • Northbound: two left -turn lanes, four through lanes, one right -turn lane • Southbound: one left -turn lane, four through lanes, one right -turn lane • Westbound: Applicant shall provide the appropriate number of through lanes, left -turn lanes, right -turn lanes with sufficient storage space to accommodate project traffic. The Developer shall be eligible for Eastern Dublin Traffic Impact Fee (EDTIF) credits for the cost of the eligible improvements constructed or bonded for excluding the land cost of the right-of-way, not to exceed the cost shown in the EDTIF. 1 . Fallon Road. In conjunction with development of either Parcel 1, Parcel 2, Parcel or Parcel of Vesting Tentative Tract Map , Developer shall complete the following improvements and be eligible for Eastern Dublin Traffic Impact Fee (EDTIF) credits for the cost of the eligible improvements constructed or bonded for excluding the land cost of the right-of-way, not to exceed the cost shown in the EDTIF: 1 . .1 Ultimate widening and frontage improvements for Fallon Road along the Parcel 1 project frontage, including northbound travel lanes between I- o Interchange to Dublin Boulevard. Street improvements shall include, but are not limited to ' wide protected bicycle lane and minimum ' wide median, and minimum ' wide sidewalk. The cross-section of Fallon Road shall have a minimum of four through travel lanes in each direction plus turn lanes at the intersections; and 1 . .2 Improvements north of Dublin Boulevard to provide connectivity to existing sidewalk to the north, City acknowledges that a portion of the necessary right of way is owned by DR Acquisitions, LLC and that it would need to be acquired by Developer or the City prior to improvements on that portion of the right of way being completed. The City acknowledges that the 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 requirements related to the improvements described in this Subsection 1 . will be subject to Government Code section 2. ; and 1 . . Class IV bike lanes in both directions, consisting of a - foot wide median and an -foot wide bicycle lane with protected intersections at every signalized intersection along Fallon Road from the I- o Interchange to Central Parkway per the City's Bicycle and Pedestrian Plan. 1 . Croak Road. In conjunction with any development proposal of Parcel 1 of Vesting Tentative Tract Map , Developer shall request the abandonment of Croak Road south of Dublin Boulevard, acquire the lands at "Fair Market Value"; and incorporate the lands into its project, prior to issuance of a building permit for Parcel 1. The vacation of Croak Road shall exclude the portion of right-of-way reserved for future Valley Link project. Developer shall pay all costs associated with the right-of-way vacation and parcel acquisition. The City would offset any Developer costs associated with the Developer or the City acquiring the DR Acquisitions, LLC lands described in subsection 1 . , from the amounts payable by Developer for the acquisition of to -be -abandoned Croak Road. 1 . East-West Street South of Dublin Boulevard. Unless Croak Road is maintained as a private street, Parcel 1 of Vesting Tentative Tract Map shall include a private street that runs parallel to Dublin Boulevard connecting to Fallon Road at the intersection with Fallon Gateway and Dublin Boulevard and Croak Road intersection, which street shall include bicycle and pedestrian connectivity. 1 . I- o / Fallon Road Interchange Fair Share. The Developer shall pay the fair share towards the construction of the Phase 2 I- o/Fallon Road Interchange improvements no later than o-days after recordation of the first residential final map (Tract or ) and no building permits for the residential development shall be issued until the fair share payment has been made. The fair share will be determined based on the Phase 2 Interchange cost and the City's Local Transporation Analysis and any additional analysis subject to approval of the City Engineer. Should the trips associated with actual development on any of either Parcel 1, Parcel 2, Parcel or Parcel of Vesting Tentative Tract Map be less than used to calculate the fair -share payment, the City will consider an appropriate refund to the then -owner of such parcel to reflect the reduced number of trips. 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 1 . Vehicle Trip Reduction with Transportation Demand Management. To reduce the impact of the project generated traffic along Fallon Road and Dublin Boulevard, Developer shall be required to prepare and implement in conjunction with each subsequent Site Development Review ("SDR") a Transportation Demand Management plan ("TDM plan") to reduce vehicle trips to and from the project site(s), to the satisfaction of the City Engineer. The TDM plan shall include trip reduction measures necessary to achieve a minimum overall target of trip reduction to reduce peak hour trips by io% or an appropriate amount of trip reduction based on future transportation analysis but not less than io% for office and residential uses. The TDM plan shall also include and implement TDM Best Management Practices (BMPs) for the retail uses. The SDR conditions shall require City approval of the TDM plan prior to the issuance of a certificate of occupancy for the first building. The SDR plan shall require annual reporting of trips, surveys, and the making of revisions to the TDM plan as needed to meet the trip reduction targets or thresholds to the satisfaction of the City Engineer. Vehicle trip reductions will be measured through counts of vehicles that enter and exit the site and by comparison of the results to established trip thresholds. TDM reduction targets will be applied to establish the thresholds. The estimates and thresholds will be reviewed and approved by the City Engineer. TDM measures that target office employees shall be described in detail in the TDM plan, including information regarding the direct implementing party. The following TDM measures shall be considered for inclusion in the TDM plan. 1 . .1 On -site support facilities including bicycle paths, pedestrian paths linking buildings and bus stops. 1 . .2 In building support facilities including showers, changing rooms, bicycle storage rooms and bicycle racks. 1 . . Ridesharing options for long distance commuters such as carpool and vanpool matching services. 1 . . Guaranteed ride home services for commuters who carpool, take transit or bicycle to work. 1 . . Financial incentives such as pre-tax benefits for transit and bicycle expenses (e.g., Commuter Check) or subsidized transit passes (e.g., Commuter Checks, Clipper Cards) for all employees. 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 1 do Future Transportation Analysis. Developer acknowledges that future Site Development Review approvals will require additional transportation analysis, including but not limited to the following (Parcel references are to Parcel designations in Vesting Tentative Tract Map ): 1 .10.1 The planned access along Dublin Boulevard to Parcel 1 and Parcel 2, between Fallon Road and Croak Road. 1 .10.2 The east -west connection between Fallon Gateway intersection and the signalized intersection of Dublin Boulevard/Croak Road. 1 .10. The intersection of Dublin Boulevard / Croak Road. 1 .10. The planned access along Dublin Boulevard to Parcel and Parcel . 1 .10. Adverse effects to the Fallon Road -El Charro Road/I- o Interchange. 1 .10. Adverse effects to the Dublin Boulevard/Fallon Road intersection. 1 .11 In the event of any conflict between this Section 1 and the conditions of approval for the Project Approvals regarding the Public Improvements described in this Section 1 , the terms of this Section 1 shall control. 1 . Amendment or Cancellation. 1 .1 Modification Because of Conflict with State or Federal Laws. The Project and Property shall be subject to state and federal laws and regulations and this Agreement does not create any vested right in state and federal laws and regulations in effect on the Effective Date. If state or federal laws or regulations enacted after the Effective Date of this Agreement prevent or preclude compliance with one or more provisions of this Agreement or require changes in plans, maps or permits approved by the City, the Parties shall meet and confer in good faith in a reasonable attempt to modify this Agreement to comply with such federal or state law or regulation. Any such amendment or suspension of the Agreement shall be subject to approval by the City Council (in accordance with Chapter . ). Each Party agrees to extend to the other its 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 prompt and reasonable cooperation in so modifying this Agreement or approved plans. 1 .2 Amendment of Development Agreement by Mutual Consent. This Agreement maly be amended in writing from time to time by mutual consent of the Parties hereto and in accordance with the procedures of the Development Agreement Statute and Chapter . . Review and approval of an amendment to this Development Agreement shall be strictly limited to consideration of only those provisions to be added or modified. No amendment, modification, waiver, or change to this Development Agreement or any provision hereof shall be effective for any purpose unless specifically set forth in a writing that expressly refers to this Development Agreement and signed by the duly authorized representatives of both Parties. 1 .2.1 Partial Amendment. When a Party seeking such an amendment owns or has an equitable right to only a portion of the whole of the Property ("Portion"), then such Party may only seek amendment of this Agreement as directly relates to the Portion, and the Party owning any other Portion shall not be required or entitled to be a signatory or to consent to an amendment that affects only another Party's Portion. 1 . Amendments. Any amendments to this Agreement which relate to (a) the Term; (b) the permitted uses of the Property as provided in paragraph .1; (c) provisions for "significant" reservation or dedication of land; (d) conditions, terms, restrictions or requirements for subsequent discretionary actions; (e) an increase in the density or intensity of use of the overall Project; (f) the maximum height or size of proposed buildings; or (g) monetary contributions by Developer as provided in this Agreement, shall be deemed an "Amendment" and shall require notice or public hearing before the Planning Commission and the City Council before the Parties may execute an amendment hereto. The City's Public Works Director shall determine whether a reservation or dedication is "significant" in the context of the overall Project. 1 . Clarifications. If and when, from time to time, during the Term of this Agreement, City and Developer agree refinements and clarifications are necessary or appropriate with respect to the details of performance of City and Developer hereunder, City and Developer shall effectuate such clarifications through letter agreements (each, a "Clarification") approved by City and Developer, which, after execution, shall be attached hereto as addenda and become a part hereof, and may be further clarified from time to time as necessary with future approval by City and Developer. No such Clarification 1 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 shall constitute an amendment to this Agreement requiring public notice or hearing. The City Manager or his or her designee shall have the authority to determine on behalf of City whether a requested clarification is of such a character to constitute an Amendment subject to Section 1 . or a Clarification subject to this Section 1 . . The City Manager shall have the authority to review, approve, and execute Clarifications to this Agreement provided that such Clarifications are not Amendments. 1 . Cancellation by Mutual Consent. Except as otherwise permitted herein, this Agreement may be canceled in whole or in part only by the mutual consent of the parties or their successors in interest, in accordance with the provisions of the Development Agreement Statute and Chapter . . Any fees paid pursuant to this Agreement prior to the date of cancellation shall be retained by the City. 1 . Annual Review. 1 .1 Review Date. The annual review date for this Agreement shall be between July 1 and August 1 , 202 , and thereafter between each July 1 and August 1 during the Term. Review shall be conducted in accordance with Section . .1 0 of Chapter . and the provisions of this Section 1 . 1 .2 Initiation of Review. The City's Community Development Director shall initiate the annual review, as required under Section . .1 0 of Chapter . , by giving to Developer thirty ( o) days prior written notice that the City intends to undertake such review. Not less than thirty ( o) days after receipt of the notice, Developer shall provide evidence to the Director, as reasonably determined necessary by the Director, to demonstrate good faith compliance with the material terms and provisions of the Agreement as to the whole or relevant portion of the Property owned by Developer. The burden of proof by substantial evidence of compliance is upon Developer. 1 . Staff Reports. To the extent practical, the City shall deposit in the mail to Developer a copy of all staff reports, and related exhibits concerning contract performance at least five days prior to any public hearing addressing annual review. 1 . Costs. Costs reasonably incurred by the City in connection with the annual review shall be paid by Developer in accordance with the City's schedule of fees in effect at the time of review. 20 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 1 . Default. 1 .1 Remedies Available. Upon the occurrence of an event of default, the Parties may pursue all remedies at law or in equity which are not otherwise provided for in this Agreement or in the City's regulations governing development agreements, expressly including, but not limited to, the remedy of specific performance of this Agreement. 1 .2 Notice and Cure. Upon the occurrence of an event of default by either Party, the non -defaulting party shall serve written notice of such default upon the defaulting Party. Subject to a Mortgagee's right to cure pursuant to Section 1 .2 hereof, if the default is not cured by the defaulting Party within thirty ( o) days after service of such notice of default, the non -defaulting Party may then commence any legal or equitable action to enforce its rights under this Agreement; provided, however, that if the default cannot be cured within such thirty ( o) day period, the non -defaulting Party shall refrain from any such legal or equitable action so long as the defaulting Party begins to cure such default within such thirty ( o) day period and diligently pursues such cure to completion. Any notice of default given hereunder shall specify in detail the nature of the failures in performance that the noticing Party claims constitutes the event of default, all facts constituting substantial evidence of such failure, and how such failure may be satisfactorily cured in accordance with the terms and conditions of this Agreement. During the time periods herein specified for cure of a failure of performance, the Party charged therewith shall not be considered to be in default for purposes of (a) termination of this Agreement, (b) institution of legal proceedings with respect thereto, or (c) issuance of any approval with respect to the Project. Failure to give notice shall not constitute a waiver of any default. 1 . No Damages against City. Notwithstanding anything to the contrary contained herein, in no event shall damages be awarded against the City upon an event of default or upon termination of this Agreement. 1 . Estoppel Certificate. Either Party may, at any time, and from time to time, request written notice from the other Party requesting such party to certify in writing that, (a) this Agreement is in full force and effect and a binding obligation of the Parties; (b) this Agreement has not been amended or modified either orally or in writing, or if so amended, identifying the amendments; and (c) to the knowledge of the certifying Party, the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults. A Party receiving a 21 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 request hereunder shall execute and return such certificate within thirty ( o) days following the receipt thereof, or such longer period as may reasonably be agreed to by the Parties. The City Manager of the City shall be authorized to execute any certificate requested by Developer. Should the Party receiving the request not execute and return such certificate within the applicable period, this shall not be deemed to be a default, provided that such Party shall be deemed to have certified that the statements in clauses (a) through (c) of this Section are true, and any Party may rely on such deemed certification. City acknowledges that a certificate hereunder may be relied upon by Transferees (as defined in Section 21.2) and Mortgagees (as defined in Section 1 .i). 1 . Mortgagee Protection; Certain Rights of Cure. 1 .1 Mortgagee Protection. This Agreement shall be superior and senior to any lien placed upon the Property, or any portion thereof after the date of recording this Agreement, including the lien for any deed of trust or mortgage ("Mortgage"). Notwithstanding the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any Mortgage made in good faith and for value, but all the terms and conditions contained in this Agreement shall be binding upon and effective against any person or entity, including any deed of trust beneficiary or mortgagee ("Mortgagee") who acquires title to the Property, or any portion thereof, by foreclosure, trustee's sale, deed in lieu of foreclosure, or otherwise. 1 .2 Mortgagee Not Obligated. Notwithstanding the provisions of Section 1 .1 above, no Mortgagee shall have any obligation or duty under this Agreement, before or after foreclosure or a deed in lieu of foreclosure, to construct or complete the construction of improvements, or to guarantee such construction of improvements, or to guarantee such construction or completion, or to pay, perform or provide any fee, dedication, improvements or other exaction or imposition; provided, however, that a Mortgagee shall not be entitled to devote the Property to any uses or to construct any improvements thereon other than those uses or improvements provided for or authorized by the Project Approvals or by this Agreement. 1 . Notice of Default to Mortgagee and Extension of Right to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer has committed an event of default. Each Mortgagee shall 22 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's notice. The City, through its City Manager, may extend the thirty -day cure period provided in paragraph 12.2 for not more than an additional sixty days upon request of Developer or a Mortgagee. 1 . Severability. The unenforceability, invalidity or illegality of any provisions, covenant, condition, or term of this Agreement shall not render the other provisions unenforceable, invalid or illegal; provided that, if the unenforceability, invalidation, or illegality would deprive either City or Developer of material benefits derived from this Development Agreement, or make performance under this Development Agreement unreasonably difficult, then City and Developer shall meet and confer and shall make good faith efforts to amend or modify this Development Agreement in a manner that is mutually acceptable to City and Developer. 20. Attorneys' Fees and Costs. 20.1 Prevailing Party. If the City or Developer initiates any action at law or in equity to enforce or interpret the terms and conditions of this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs in addition to any other relief to which it may otherwise be entitled. 20.2 Third Party Challenge. If any person or entity not a party to this Agreement initiates an action at law or in equity to challenge the validity of any the Project Approvals (including this Agreement), the Parties shall cooperate in defending such action. The Parties hereby agree to affirmatively cooperate in defending said action and to execute a joint defense and confidentiality agreement in order to share and protect information, under the joint defense privilege recognized under applicable law. Developer shall bear its own costs of defense as a real party in interest in any such action and shall reimburse the City for all reasonable court costs and attorneys' fees expended by the City in defense of any such action or other proceeding. 21. Transfers and Assignments. 21.1 Agreement Runs with the Land. All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion thereof, or any interest therein, whether by operation of 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equitable servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, Section 1 of the Civil Code of the State of California. Each covenant to do, or refrain from doing, some act on the Property hereunder, or with respect to any owned property, (a) is for the benefit of such properties and is a burden upon such properties, (b) runs with such properties, and (c) is binding upon each party and each successive owner during its ownership of such properties or any portion thereof, and shall be a benefit to and a burden upon each party and its property hereunder and each other person succeeding to an interest in such properties. 21.2 Right to Assign. Developer may wish to sell, transfer, or assign all or portions of its Property to other developers (each such other developer is referred to as a "Transferee"). In connection with any such sale, transfer or assignment to a Transferee, Developer shall have the right to sell, transfer or assign to such Transferee any or all rights, interests and obligations of Developer arising hereunder and that pertain to the portion of the Property being sold or transferred, to such Transferee, provided, however, that: except as provided herein, no such transfer, sale or assignment of Developer's rights, interests and obligations hereunder shall occur without prior written notice to City and approval by the City Manager, which approval shall not be unreasonably withheld, conditioned, or delayed. 21. Approval and Notice of Sale, Transfer or Assignment. The City Manager shall consider and decide on any transfer, sale, or assignment of this Agreement within ten (io) days after Developer's notice, provided all necessary documents, certifications, and other information are provided to the City Manager to enable the City Manager to determine whether the proposed Transferee can perform Developer's obligations hereunder. Notice of any such approved sale, transfer, or assignment (which includes a description of all rights, interests and obligations that have been transferred and those which have been retained by Developer) shall be recorded in the official records of Alameda County, in a form acceptable to the City Manager, concurrently with such sale, transfer or assignment. 21. Considerations for Approval of Sale, Transfer or Assignment. In considering the request, the City Manager shall base the decision upon the proposed assignee's reputation, experience, financial resources, access to credit, and capability to successfully carry out the development of the Property to completion. The City Manager's approval shall be for the purposes of a) providing notice to City; b) assuring that all obligations of Developer are 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 allocated as between Developer and the proposed purchaser, transferee, or assignee as provided by this Agreement; and c) assuring City that the proposed purchaser, transferee, or assignee is financially capable of performing Developer's obligations hereunder not withheld by Developer. Notwithstanding the foregoing, the City Manager's approval shall not be required for an assignment to an entity or entities controlling Developer, controlled by Developer, or under common control with Developer, provided that Developer owns and controls no less than fifty percent ( o%) of such successor entity or controls the day-to-day management decisions of such successor entity. 21. Release upon Transfer. Upon the transfer, sale, or assignment of all of Developer's rights, interests, and obligations hereunder pursuant to Section 21.2 of this Agreement, Developer shall be automatically released from the obligations under this Agreement, with respect to the Property transferred, sold, or assigned, arising subsequent to the date of City Manager approval of such transfer, sale, or assignment; provided, however, that if any transferee, purchaser, or assignee approved by the City Manager expressly assumes all of the rights, interests, and obligations of Developer under this Agreement, Developer shall be released with respect to all such rights, interests, and assumed obligations. In any event, the transferee, purchaser, or assignee shall be subject to all the provisions hereof and shall provide all necessary documents, certifications, and other necessary information prior to City Manager approval. 21. Developer's Right to Retain Specified Rights or Obligations. Developer may withhold from a sale, transfer or assignment of this Agreement or any portion of the Property transferred, certain rights, interests and/or obligations which Developer wishes to retain, provided that Developer specifies such rights, interests, and/or obligations in a written document to be appended to this Agreement and recorded with the Alameda County Recorder prior to the sale, transfer, or assignment of the Property. Developer's purchaser, transferee, or assignee shall then have no interest or obligations for such rights, interests, and obligations and this Agreement shall remain applicable to Developer with respect to such retained rights, interests, and/or obligations. 21. Partial Assignment. In the event of a partial Transfer, City shall cooperate with Developer and any proposed Transferee to allocate rights and obligations under the Development Agreement and the Project Approvals among the retained Property and the transferred Property. Provided that City receives a copy of the assignment and assumption agreement by which Transferee assumes the transferred rights and obligations associated with the 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 transferred Property: (i) any subsequent breach with respect to the transferred obligations shall not constitute a breach with respect to the retained rights and obligations of such transferor (or any other Transferee) under the Development Agreement, and (ii) any subsequent breach with respect to the retained obligations of Transferor (or any other Transferee) shall not constitute a breach with respect to the transferred rights and obligations of a Transferee under the Development Agreement. The Transferor and the Transferee each shall be solely responsible for the reporting and annual review requirements relating to the portion of the Property owned by such Transferor/Transferee. Any amendment to the Development Agreement between City and a Transferor or Transferee shall only affect the portion of the Property owned by such Transferor or Transferee. 22. Bankruptcy. The obligations of this Agreement shall not be dischargeable in bankruptcy. 2 . Indemnification. Developer agrees to indemnify, defend, and hold harmless the City, and its elected and appointed councils, boards, commissions, officers, agents, employees, and representatives from any and all claims, costs (including legal fees and costs) and liability for any personal injury or property damage which may arise directly or indirectly as a result of any actions or inactions by Developer, or any actions or inactions of Developer's contractors, subcontractors, agents, or employees in connection with the construction, improvement, operation, or maintenance of the Project, provided that Developer shall have no indemnification obligation with respect to negligence or wrongful conduct of the City, its contractors, subcontractors, agents, or employees, or with respect to the maintenance, use or condition of any improvement after the time it has been dedicated to and accepted by the City or another public entity (except as provided in an improvement agreement or maintenance bond). If City is named as a party to any legal action, City shall cooperate with Developer, shall appear in such action, and shall not unreasonably withhold approval of a settlement otherwise acceptable to Developer. 2 . Insurance. 2 .1 Commercial General Liability Insurance. During the Term of this Agreement, Developer shall maintain in effect a policy of commercial general liability insurance with a per -occurrence combined single limit of not less than $1,000,000. The policy so maintained by Developer shall name the City as an additional insured and shall include either a severability of interest clause or cross -liability endorsement. City and Developer agree that such insurance 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 may include alternative risk management programs, including self-insurance, or a combination of self-insurance and insurance, provided that such alternative risk management programs provide protection equivalent to that specified under this Agreement. 2 .2 Workers' Compensation Insurance. During the Term of this Agreement, Developer shall maintain Workers' Compensation insurance for all persons employed by Developer for work at the Project site. Developer shall require each contractor and subcontractor similarly to provide Workers' Compensation insurance for its respective employees. Developer agrees to indemnify the City for any damage resulting from Developer's failure to maintain any such insurance. 2 . Evidence of Insurance. Prior to issuance of any permits for the Project, including grading permits, Developer shall furnish the City satisfactory evidence of the insurance required in Sections 2 .1 and 2 .2 and evidence that the carrier is required to give the City at least fifteen (1 ) days prior written notice of the cancellation or reduction in coverage of a policy unless replaced with similar coverage. The insurance shall extend to the City, its elective and appointive boards, commissions, officers, agents, employees, representatives, and to Developer performing work on the Project. 2 . Sewer and Water. Developer acknowledges that it must obtain water and sewer permits from the Dublin San Ramon Services District ("DSRSD") which is another public agency not within the control of the City. City agrees that it shall not take any action with DSRSD opposing Developer's efforts to reserve water and sewer capacity sufficient to serve the Project described herein. 2 . Notices. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to the City shall be addressed as follows: City Manager City of Dublin 10o Civic Plaza Dublin, CA Phone No.: ( 2 ) - o Fax No.: ( 2 ) - 1 With copies to: City Attorney 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 follows: Notices required to be given to Developer shall be addressed as GH PacVest, LLC Lingyun Sun, Chief Americas Officer 2 0o Post Oak Blvd., Suite 11 Houston, TX 0 Phone No.: ( 2) -0 2 Email: lsun@gha-group.com A Party may change address by giving notice in writing to the other Party and thereafter all notices shall be addressed and transmitted to the new address. Notices shall be deemed given and received upon personal delivery, or if mailed, upon the expiration of forty-eight ( ) hours after being deposited in the United States Mail. Notices may also be given by overnight courier, which shall be deemed given the following day or by facsimile transmission or email, which shall be deemed given upon verification of receipt. 2 . Agreement is Entire Understanding. This Agreement, including its exhibits, constitutes the entire understanding and agreement of the Parties and supersedes all negotiations or previous agreements between the Parties with respect to all or any part of the subject matter hereof. 2 . Exhibits. The following document is referred to in this Agreement and is attached hereto and incorporated herein as though set forth in full: Exhibit A Legal Description of Property 2 . Recitals. The foregoing Recitals are true and correct and are made a part hereof. o. Counterparts. This Agreement may be executed by each Party on a separate signature page, and when the executed signature pages are combined, shall constitute one single instrument. This Agreement is executed in two (2) duplicate originals, each of which is deemed to be an original. 1. Recordation. The City shall record a copy of this Agreement within ten (10) days following execution by all Parties. Thereafter, if this Agreement is 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 terminated, modified, or amended, the City Clerk shall record notice of such action with the Alameda County Recorder. 2. No Third -Party Beneficiaries. Nothing contained in this Agreement is intended to or shall be deemed to confer upon any person, other than the Parties and their respective permitted successors and assigns, any rights, or remedies hereunder. . Applicable Law. This Agreement shall be construed and enforced in accordance with the laws of the State of California. . Time is of the Essence. Time is of the essence for each provision of this Agreement for which time is an element. . Further Actions and Instruments. Each Party to this Development Agreement shall cooperate with and provide reasonable assistance to the other Party and take all actions necessary to ensure that the Parties receive the benefits of this Development Agreement, subject to satisfaction of the conditions of this Development Agreement. Upon the request of any Party, the other Party shall promptly execute, with acknowledgment or affidavit if reasonably required, and file or record such required instruments and writings and take any actions as may be reasonably necessary under the terms of this Development Agreement to carry out the intent and to fulfill the provisions of this Development Agreement or to evidence or consummate the transactions contemplated by this Development Agreement. . Section Headings. Section headings in this Development Agreement are for convenience only and are not intended to be used in interpreting or construing the terms, covenants, or conditions of this Development Agreement. . Construction of Agreement. This Development Agreement has been reviewed and revised by legal counsel for both Developer and City, and no presumption or rule that ambiguities shall be construed against the drafting Party shall apply to the interpretation or enforcement of this Development Agreement. . Authority. The persons signing below represent and warrant that they have the authority to bind their respective Party and that all necessary 2 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 board of directors, shareholders, partners, city councils, or other approvals have been obtained. . Non -Intended Prevailing Wage Requirements. Except for public improvements constructed by the Developer and to be dedicated to the City (which are subject to conditions of Project Approval), nothing in this Development Agreement shall in any way require, or be construed to require, Developer to pay prevailing wages with respect to any work of construction or improvement within the Project (a "Non -Intended Prevailing Wage Requirement"). But for the understanding of the Parties as reflected in the immediately preceding sentence, the Parties would not have entered into this Development Agreement based upon the terms and conditions set forth herein. Developer and City have made every effort in reaching this Development Agreement to ensure that its terms and conditions will not result in a Non - Intended Prevailing Wage Requirement. These efforts have been conducted in the absence of any applicable existing judicial interpretation of the recent amendments to the California prevailing wage law. If, despite such efforts, any provision of this Development Agreement shall be determined by any court of competent jurisdiction to result in a Non -Intended Prevailing Wage Requirement, such determination shall not invalidate or render unenforceable any provision hereof, provided, however, that the Parties hereby agree that, in such event, this Development Agreement shall be reformed such that each provision of this Development Agreement that results in the Non -Intended Prevailing Wage Requirement will be removed from this Development Agreement as though such provisions were never a part of the Development Agreement, and, in lieu of such provision(s), replacement provisions shall be added as a part of this Development Agreement as similar in terms to such removed provision(s) as may be possible and legal, valid and enforceable, but without resulting in the Non -Intended Prevailing Wage Requirement. IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the date and year first above written. 0 Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 CITY OF DUBLIN DEVELOPER GH PacVes. LLC By: By: d L Linda Smith, City Manager Name: Li yun Su Its: Chief Americas cer Attest: Marsha Moore, City Clerk Approved as to form: John Bakker, City Attorney (NOTARIZATION ATTACHED) Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 Exhibit A LEGAL DESCRIPTION Real property in the City of Dublin , County of Alameda, State of California, described as follows: PARCEL A: PARCEL ONE: BEING A PORTION OF SECTION 2, TOWNSHIP 3 SOUTH, RANGE 1, EAST MOUNT DIABLO BASE AND MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE POINT OF INTERSECTION OF THE NORTHERN LINE OF THE STATE HIGHWAY FROM DUBLIN TO LIVERMORE AS SAID LINE IS DEFINED IN THAT CERTAIN DEED FROM ALICE M. SHORT AND BEATRICE B. BRIGHT, TO THE STATE OF CALIFORNIA RECORDED MARCH 13, 1934, IN BOOK 3008 OF OFFICIAL RECORDS OF ALAMEDA COUNTY AT PAGE 324, WITH THE EASTERN LINE OF COUNTY ROAD 6152, AS SAID COUNTY ROAD IS DESCRIBED IN THAT CERTAIN DEED FROM HENRIETTA FARRELLY TO COUNTY OF ALAMEDA, RECORDED JANUARY 2, 1918, IN BOOK 2612, OF DEEDS, AT PAGE 352, ALAMEDA COUNTY RECORDS; RUNNING THENCE SOUTH 89° 30' EAST ALONG THE NORTHERN LINE OF SAID STATE HIGHWAY 814.50 FEET; THENCE NORTH 0° 31' WEST 2855.00 FEET TO THE NORTH BOUNDARY LINE OF TOWNSHIP 3 SOUTH, RANGE 1 EAST, MOUNT DIABLO BASE AND MERIDIAN; THENCE WEST ALONG THE LAST NAMED LINE 435.70 FEET TO THE EASTERN LINE OF SAID COUNTY ROAD NO. 6152; THENCE ALONG THE LAST NAMED LINE THE FOLLOWING COURSES AND DISTANCES; SOUTH 36° 35' WEST 23.40 FEET; THENCE SOUTH 23° 20' WEST 901.40 FEET; THENCE SOUTH 0° 31' EAST 2001.40 FEET TO THE POINT OF BEGINNING. ALSO BEING A PORTION OF THE SANTA RITA RANCHO. EXCEPTING THEREFROM THE PORTION CONVEYED TO THE STATE OF CALIFORNIA, BY DEED RECORDED FEBRUARY 15, 1950, BOOK 6021, PAGE 575, SERIES NO. AE-13413. ALSO EXCEPTING THEREFROM THE PORTION CONVEYED TO THE STATE OF CALIFORNIA, BY DEED RECORDED OCTOBER 24, 1968, BOOK 2279, PAGE 110, SERIES NO. BA-117504. PARCEL TWO: A PORTION OF THE PARCEL OF LAND CONVEYED TO THE STATE OF CALIFORNIA BY DEED NO. 6832 RECORDED FEBRUARY 15, 1950, IN BOOK 6021, PAGE 575, ALAMEDA COUNTY RECORDS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING ON THE EASTERLY LINE OF CROAK ROAD (ALSO KNOWN AS COUNTY ROAD NO. 6152) AT THE MOST NORTHERLY CORNER OF SAID PARCEL; THENCE ALONG THE GENERAL NORTHERLY LINE OF SAID PARCEL FROM A TANGENT THAT BEARS SOUTH 0°21'44" WEST, ALONG A CURVE TO THE LEFT, WITH A RADIUS OF 50.00 FEET, THROUGH AN ANGLE OF 44°54'24", AN ARC LENGTH OF 39.19 FEET; THENCE NORTH 88°33'15" WEST, 9.88 FEET; THENCE NORTH 89°59'16" WEST, 4.70 FEET TO THE EASTERLY LINE OF SAID CROAK ROAD; THENCE ALONG LAST SAID LINE NORTH 0°21'44" EAST, 35.14 FEET TO THE POINT OF COMMENCEMENT. PARCEL THREE: COMMENCING AT A POINT ON THE EASTERLY LINE OF SAID PARCEL DESCRIBED IN SAID STATE DEED NO. 32178 (REEL 2001 OR IMAGE 911), DISTANT THEREON S. 0°21'44" W., 159.94 FEET FROM THE Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 NORTHEASTERLY CORNER OF LAST SAID PARCEL; THENCE FROM A TANGENT THAT BEARS S. 31°56'43" W., ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 270.00 FEET, THROUGH AN ANGLE OF 56°35'28", AN ARC LENGTH OF 266.68 FEET; THENCE S. 89°59'16" E., 221.42 FEET TO THE EASTERLY LINE OF SAID PARCEL DESCRIBED IN SAID STATE DEED NO. 6833 (VOLUME 6402 OR PAGE 393); THENCE ALONG LAST SAID LINE AND ALONG THE EASTERLY LINE OF SAID PARCELS DESCRIBED IN SAID STATE DEED NO. 32177 (REEL 1995 OR IMAGE 343) AND SAID STATE DEED NO. 32178 (REEL 2001 OR IMAGE 911) N. 0°21'44" E., 127.11 FEET TO THE POINT OF COMMENCEMENT. PARCEL B: A PORTION OF THAT PARCEL OF LAND DESCRIBED IN THE INDENTURE FROM SAMUEL B. MARTIN TO OWEN P. SUTTON, RECORDED JUNE 7, 1862, IN BOOK M OF DEEDS AT PAGE 266, BEING A PORTION OF THE SANTA RITA RANCHO, DESCRIBED AS FOLLOWS: BEGINNING AT THE POINT OF INTERSECTION OF THE EAST LINES OF FALLON ROAD, A COUNTY ROAD WITH A WIDTH OF 60 FEET AS SAID ROAD IS DESCRIBED IN THE INDENTURE TO THE COUNTY OF ALAMEDA, RECORDED JULY 31, 1941, IN BOOK 4115 OF OFFICIAL RECORDS, AS PAGE 57, WITH THE NORTH LINE OF THAT PARCEL OF LAND DESCRIBED IN AFORESAID INDENTURE FROM SAMUEL B. MARTIN TO OWEN P. SUTTON; SAID POINT OF BEGINNING BEING LOCATED ON THE ARC OF A CURVE HAVING A RADIUS OF 430.00 FEET, THE CENTER OF WHICH BEARS SOUTH 63° 55' 40" WEST; THENCE ALONG SAID NORTH LINE, SOUTH 89° 18' 00" EAST, 2,543.32 FEET TO A POINT ON THE NORTHERLY PROJECTION OF THE WEST LINE OF COUNTY ROAD NO. 6152, KNOWN AS CROAK ROAD AND DESCRIBED IN THE INDENTURE TO THE COUNTY OF ALAMEDA, RECORDED JANUARY 2, 1918 IN BOOK 2612 OF DEEDS AT PAGE 352; THENCE ALONG SAID WEST LINE AND PROJECTION THEREOF, SOUTH 0° 19' 30" EAST, 2274.37 FEET TO THE EASTERLY PROJECTION OF THE NORTH LINE OF THE PARCEL OF LAND DESCRIBED IN THE DEED TO UNION OIL COMPANY OF CALIFORNIA, RECORDED JUNE 4, 1956 IN BOOK 8048 OF OFFICIAL RECORDS AT PAGE 339; THENCE ALONG SAID NORTH LINE NORTH 89° 20' 00" WEST, 200.40 FEET TO THE WEST LINE OF SAID UNION OIL COMPANY PARCEL; THENCE ALONG SAID WEST LINE SOUTH 0° 25' 00" EAST, 242.29 FEET TO A POINT ON THE NORTH LINE OF STATE FREEWAY 580, AS DESCRIBED IN THE INDENTURE TO THE STATE OF CALIFORNIA, RECORDED JULY 7, 1967 ON REEL 1995 OF OFFICIAL RECORDS AT IMAGE 347, SAID POINT BEING LOCATED ON THE ARC OF A CURVE HAVING A RADIUS OF 222.02 FEET, THE CENTER OF WHICH BEARS NORTH 8° 11' 49" WEST; THENCE ALONG SAID NORTH LINE OF STATE FREEWAY 580 AS FOLLOWS: WESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 8° 51' 49" AN ARC DISTANCE OF 34.35 FEET: THENCE TANGENT TO SAID CURVE NORTH 89° 20' 00" WEST, 302.60 FEET: THENCE ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT, HAVING A RADIUS OF 4972.48 FEET, THROUGH A CENTRAL ANGLE OF 3° 33' 15" AN ARC DISTANCE OF 308.45; THENCE TANGENT TO SAID CURVE NORTH 85° 46' 45" WEST, 556.93 FEET; THENCE ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 972.09 FEET, THROUGH A CENTRAL ANGLE OF 45° 00' 00" AN ARC DISTANCE OF 763.48 FEET; THENCE TANGENT TO SAID CURVE NORTH 40° 46' 45" WEST 369.85 FEET; THENCE ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 278.03 FEET, THROUGH A CENTRAL ANGLE OF 47° 30' 55" AN ARC DISTANCE OF 230.57 FEET; THENCE ALONG THE ARC OF A REVERSE CURVE TO THE RIGHT HAVING A RADIUS OF 30.00 FEET, THROUGH A CENTRAL ANGLE OF 89° 37' 40" AN ARC DISTANCE OF 46.93 FEET; THENCE TANGENT TO SAID CURVE, NORTH 1° 20' 00" EAST, 92.02 FEET; THENCE NORTH 88° 40' 00" WEST, 12.00 FEET TO THE EAST LINE OF AFORESAID FALLON ROAD; THENCE ALONG SAID EAST LINE OF FALLON ROAD AS FOLLOWS: NORTH 1° 20' 00" EAST, 1457.58 FEET; THENCE ALONG THE ARC OF A TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 430.00 FEET, THROUGH A CENTRAL ANGEL OF 27° 24' 20" AN ARC DISTANCE OF 205.68 FEET TO THE POINT OF BEGINNING. PARCEL C: A PORTION OF THAT PARCEL OF LAND DESCRIBED IN DEED NO. 32178 (AZ69610) TO STATE OF Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 CALIFORNIA, RECORDED JULY 18, 1967, IN REEL 2001, IMAGE 911, OFFICIAL RECORDS OF ALAMEDA COUNTY, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE NORTHERLY LINE OF SAID PARCEL, DISTANT THEREON NORTH 83° 33' 16" WEST, 8.01 FEET FROM THE NORTHEASTERLY CORNER OF SAID PARCEL; THENCE ALONG THE GENERAL NORTHERLY LINE OF THAT PARCEL OF LAND SHOWN AS PARCEL 11 OF THAT CERTAIN SET OF MAPS OF 20 SHEETS ENTITLED "RELINQUISHMENT IN THE COUNTY OF ALAMEDA", RECORDED JUNE 19, 1973, IN REEL 3444, IMAGE 722 TO 761, INCLUSIVE, OFFICIAL RECORDS OF ALAMEDA COUNTY, SOUTH 00 21' 44" WEST, 18.69 FEET AND ALONG A TANGENT CURVE TO THE RIGHT WITH A RADIUS OF 222.00 FEET THROUGH AN ANGLE OF 82° 13' 05", AN ARC LENGTH OF 318.57 FEET TO THE WESTERLY LINE OF FIRST SAID PARCEL; THENCE ALONG LAST SAID LINE NORTH 00 21' 44" EAST, 242.28 FEET TO THE NORTHERLY LINE OF FIRST SAID PARCEL; THENCE ALONG LAST SAID LINE SOUTH 88° 33' 16" EAST 191.97 FEET TO THE POINT OF COMMENCEMENT. APN: 905-0001-006-03 (Parcel One of Parcel A), 985-0027-005 (Parcel Two of Parcel A), 985-0027-002 (Parcel B) and 985-0027-004 (Parcel C) Docusign Envelope ID: 2640FC10-F9D7-414D-A491-3A73EC197331 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of Texas County of 4AP02--91s ) ss. On iUSE -1A , 20 2-Li before me, MEt-t 55 A- C-, 1 , a Notary Public, in and for said State and County, personally appeared 1..‘064u14 Sur%) , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of Texas that the foregoing paragraph is true and correct. WITNESS my hand and official seal. NOT kY PUBLIC 5533936.6 5533936.10 MELISSA CAO `�1�,ilY PG6 z°; fin: Notary Public, State of Texas ?`P•:` Comm. Expires 07-31-2027 '.,,°;,,,'` Notary ID 130316308 2