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a portion of Valley Avenue as described above, shall be <br /> required to reimburse Ponderosa. Reimbursement shall <br /> be at the rate of prime plus two percentage points (2%) <br /> <br /> as established by the Bank of America for the first day <br /> i of each affected month. <br /> <br /> 2. Dedicate land for a twenty (20) acre park site <br /> in five (5) acre increments on September 1st of the <br /> years 1984, 1985, 1986 and 1987. City shall select <br /> park locations and order of dedications in accordance <br /> with the general plan. On September 1st of the years <br /> 1986, 1987 and 1988 developer will contribute $166,666 <br /> to the park sites dedicated by developer. As to this <br /> project, the park improvements shall be in lieu of park <br /> dedication fees as normally charged. <br /> <br />IV. SEWAGE CAPACITY <br /> <br /> City agrees to use its best efforts to reserve capacity <br /> <br />sufficient for outstanding valid sewer permits, but this <br />agreement does not guarantee the availability of sufficient <br />sewage treatment capacity to serve the Project; building <br />permits may be withheld if sewage treatment capacity is <br />determined by City not to be available at the time building <br />permits are applied for. In the event sewage treatment <br />capacity is not available to enable Developer to meet the <br />d~velopment schedule contained in Paragraph I, the Developer <br />and City agree to negotiate amendments to this long-term <br />agreement which would as near as is feasible carry out.the <br /> <br />intent of this agreement <br />treatment capacity. <br /> <br />given the availability of sewage <br /> <br />-5- <br /> <br /> <br />