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