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DEVELOPMENT AGREEMENT <br /> <br /> Table of. Contents <br /> <br /> Page <br /> <br /> 1 <br /> RECITALS ............................................ <br /> <br /> 5 <br />1. DEVELOPMENT OF THE PROPERTY ......................... <br /> 1.1 PUD ........................................... 5 <br /> 1.2 Design Review ................................. 5 <br /> <br /> 5 <br />2. EFFECT OF AGREEMENT ................................. <br /> 2.1 Local Rules .................................. 5 <br /> 2.2 Change in State or Federa~ Laws <br /> 6 <br /> or Regulations ................................ <br /> 2.3 Dangers to Health or Safety ................... 6 <br /> <br />3. ADDITIONAL MITIGATIONS .............................. 6 <br /> 3.1 Imposition of Additional Mitigations .......... 6 <br /> 3.2 Developer's Right of Protest .................. 7 <br /> <br />4. LIMITATIONS ON OBLIGATIONS TO FUND <br /> ADDITIONAL MITIGATIONS .............................. 8 <br /> 8 <br /> 4.1 Development of Property ....................... <br /> 4.2 Economic Viability ............................ 8 <br /> 4.3 Subordination of Obligation to <br /> Finance Additional Mitigations - <br /> 9 <br /> SUBORDINATION AGREEMENT ....................... <br /> <br /> 5. TERM ................................................ 9 <br /> 6. CONSIDERATION ....................................... 10 <br /> <br /> 10 <br /> 7. USES ................................................ <br /> <br /> 8. STANDARD OF REVIEW OF PERMITS ....................... 10 <br /> (a) Compliance With This Agreement and PUD ........ 11 <br /> (b) Compliance With Other City Regulations ........ 11 <br /> <br /> 9. DISPUTES, ANNUAL REVIEW, DEFAULT .................... 11 <br /> <br /> 9.1 Annual Review ................................. 11 <br /> 9.2 Developer's Submission ......................... 11 <br /> 9.3 Review ........................................ 11 <br /> <br /> 9.3.1 City Review .......................... 11 <br /> 9.3.2 Judicial Review ...................... 12 <br /> 9.4 Remedies ...................................... 12 <br /> 9.4.1 Specific Performance ................. 12 <br /> 13 <br /> 9.4.2 Damages .............................. <br /> <br /> -i- <br /> <br /> <br />