PC-92-80 - Laserfiche WebLink

4.1 city Rights To Form Other Financina Districts. Notwithstandinq any other provision in this agreement, the City of P~easanton shall retain the right to form a financinq method for mitiqation improvements which allow for benefit assessment districts, such as Mello-Roos District andl915 street and Highway Act Bonds, ~hat can be imposed on developed properties within the City. 5. CONSIDERATION. In addition to the consideration for this Agreement referenced in the Recitals to this Agreement, Developer shall decrease the maximum square footage to be built on the non-high density residential zoned lots of the Property to 3,976,673, or square feet, a decrease of 1,079,898 square feet from the previous approved Phase I and Phase II agreements covering the Property. 6. ~. The permitted uses of the Property, the density or intensity of use, the maximum height and size of proposed buildinqs and provisions for reservation and dedication of land for public purposes shall be as provided in PUD and PUD-81-30-24M and PUD-81-30-53D (Spanish Oaks). 7. PERIODIC REVIEW OF COMPLIANCE. 7.1 Annual Review. City and Developer annually shall review this Agreement, and all actions taken pursuant to the terms of this Agreement, with respect to the Project. The annual review shall be undertaken in accordance with the provisions of this Article 8. 7.2 Develooer's Submission. Not less than thirty (30), nor more than sixty (60) days prior to March 1st of each year, Developer shall submit to the City council a letter setting forth Developer's good faith compliance with the terms and conditions of this Agreement. However, failure to submit in a timely manner shall not be equated with non-compliance with this Agreement. The letter shall include a statement that the letter is beinq submitted to City pursuant to the requirements of S 65865.1 of the Development Agreement Legislation, and shall be accompanied by all documents and other information reasonably necessary and available to Developer to enable the City Council to undertake ,its annual review of Developer's qood faith compliance with the terms of this Aqreement. 7.3 Findina of Comoliance. The City Council shall review the Developer's SUbmission to ascertain whether Developer has complied in good faith with the terms of this Agreement. Upon request of the City Council, Developer shall furnish any additional documents or information reasonably required and available to Developer to enable the City Council to make and complete its review hereunder. If the City Council finds good faith compliance by Developer with the terms of this Agreement, - 7 - " . .