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Shores Properties, 1875 S. Grant Street, Suite 1000, San Mateo, California, or such <br />other address as RSP may give to the City by like written notice. <br /> <br /> d. Pursuant to the Fourth and Fifth Amendments, the City gave its consent to <br />extend the term of the Amended Development Agreement for two consecutive sixty (60) <br />day periods. <br /> <br /> e. The term of the Amended Development Agreement commenced on the <br />effective date of the ordinance approving it (which was June 23, 1982) and continued <br />for a period of fifteen (15) years to June 23, 1997 (the "Termination Date"); and by said <br />Third Amendment said Termination Date was extended and continued for a period of <br />five (5) years to June 23, 2002; and by said Fourth Amendment, said Termination Date <br />was extended and continued for a period of sixty (60) days to August 23, 2002; and by <br />said Fifth Amendment, said Termination Date was extended and continued for a period <br />of sixty (60) days to October 22, 2002. The City and RSP desire to extend the term of <br />the Amended Development Agreement to June 23, 2003. <br /> <br /> f. Pursuant to Government Code sections 65864-65869.5, a public hearing <br /> <br />was held by the planning agency and the legislative body of the City, after duly noticed <br />public hearings, regarding extension of the development agreement. <br /> <br /> NOW, THEREFORE, for good and valuable consideration, the receipt and <br />sufficiency of which is hereby acknowledged, the parties agree as follows: <br /> <br /> 1. Extension of Term. The City, the District and RSP hereby agree to the <br /> <br />extension of the term of the Amended Development Agreement from the Termination <br />Date to June 23, 2003. IIII IIII I IIIII IIIIII Illll Ell Illll IIII III o,,-.,,, <br /> <br />F:Atty/Ag r/Arnend6.GI D64 3 <br />100802 <br /> <br /> <br />