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CALLAHAN-PENTZ - AGREEMENT JULY 1982
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CALLAHAN-PENTZ - AGREEMENT JULY 1982
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7/5/2013 2:04:03 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
7/27/1982
LONG TERM AGREEMENTS - NAME
CALLAHAN-PENTZ
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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claim against the City as a result of City's enforcing said <br />PUD conditions, whether they be far damages, for mandating <br />approval of projects in contravention of said PUD conditions, <br />or for any other relief. Developer further agrees that, in <br />the event an assessment district or districts are placed on <br />the project site, Developer. shall have no claim against the <br />City seeking relief from assessment district obligations- or <br />refunds for payments made pursuant to assessment district <br />obligations in the event development is delayed or stopped <br />by City due to conditions of the PUD not being met or by <br />events beyond the control of the City. <br />VIII . DEVELOPER' S P~IG~?TS <br />With reference to each of the agreements contained <br />herein to place the project site into one or more assessment <br />districts, benefit districts, or other district or funding <br />mechanism requiring approval of all or a majority of properties <br />so included, the developer agrees to either (1) not protest <br />the establishment of the district or (2) to affirmatively <br />vote for the creation of the district or other .mechanism, <br />depending on the manner of creation of the funding mechanism. <br />~Iowever, Developer retains the right .to .protest the type of <br />improvements, costs, and their allocation among various <br />properties as to equitableness and reasonableness under any <br />of the above-mentioned funding mechanisms. <br />In the event the assessment mechanism appears to impose <br />economically infeasible levels of cost upon the project <br />site, the City agrees to explore alternative financing <br />methods. <br />-E- <br />
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