PC 2000-49 - Laserfiche WebLink

D. City and Developer wish to enter into a growth management agreement in order to achieve the benefits of the Project to City and its residents and in accordance with the purposes of the Growth Management Program. Development of the commercial uses within the Project is not subject to the Growth Management Program, and may be developed at any time in accordance with the Initial Project Approvals. E. The Growth Management Program contemplates variations to the program in certain cases for developments authorized pursuant to a development agreement. This Agreement, executed in connection with a development agreement for the Project, implements the provisions of the Growth Management Program with variations, as allowed under the program, concerning the use and loss of growth management approval. F. Under Section 17.36.040 of the Growth Management Program, certain categories of units, including second units approved in accordance with City zoning regulations, mobile homes and/or living quarters located on school, public and other institutional properties meeting certain requirements and condominium conversions or units replacing existing units that have been demolished or destroyed, are exempt from the provisions of the Growth Management Program and, therefore, are not subject to this Agreement. These exemptions would include assisted living, congregate care, secondary units and other specialized housing units. Only the 581 residential units authorized by the Initial Project Approvals are subject to this Agreement. NOW, THEREFORE, in consideration of the mutual promises expressed herein, City and Developer hereby agree as follows: 1. GROWTH MAI~AGEMENT APPROVAL A. Except as otherwise specifically provided in this Agreement, City hereby grants growth management approval to the Project for development, according to the following schedule: -2- 87~./00