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August/September 1982. Again, in October 1984 Mr. Henderson sued <br />the City and the Developer regarding this project approval. <br /> <br /> E. Economic conditions including the need to pace <br />development of custom lots and the longer time frames involved <br />with each purchaser getting his own contractor and architect <br />makes a longer development period appropriate. <br /> <br /> NOW, THEREFORE, in consideration of the mutual promises below <br />and the sum of $1,000.00 being paid to City as a processing fee <br />concurrently herewith, the parties agree as follows: <br /> <br /> 1. The time within which building permits can be obtained <br />for the remaining 21 lots by Developer without expiration of the <br />specified sewer permits shall be in accordance with the following <br />schedule: <br /> <br /> Number of Permits Date <br /> 8 11/16/85 (No change) <br /> 8 11/16/86 <br /> 5 11/16/87 <br /> <br /> THIS AGREEMENT is entered into as of the day and year first <br />above written. <br /> <br /> DEER OAKS LAND CO., a <br /> Joint Venture <br /> <br /> Boatwright Enterprises <br /> <br /> By <br /> Joseph E. Boatwright <br /> <br /> - 2 - <br /> <br /> <br />