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-178300 <br /> <br />PROJECT COi~DITIONS <br /> <br />Nothing herein shall lessen any obligation of Developer <br /> <br /> granted by <br /> <br />required as a condition of any other approvals <br /> <br />the City. <br /> <br />VIi SUCCESSORS IN INTEREST <br /> <br /> A. The rights and obligations created by this agreement <br />relate only to the Developer's interest as optionee and not <br />to the underlying fee. After Developer has purchased all or <br />any portion of the property described in Exhibit A, this <br />agreement shall run with the land so purchased and shall be <br />binding upon any and all heirs, assigns, and successors in <br />interest of Developer having an interest in the property <br />so purchased. This agreement shall be assignable either all <br />together or prorata upon approval by the City, which approval <br />shall not unreasonably be withheld. <br /> <br /> B. The obligations created by Section III.B. of this <br />agreement are personal to Developer, and shall survive any <br />termination of Developer's option to purchase. However <br />the five acre park dedications scheduled for 1986 and 1987 <br />and the contributions of $166,666 scheduled for 1986, 1987 <br />and 1988 shall not be required if developer never draws a <br />building permit for any growth management approval for the year <br />1986 or thereafter. In that event, 463 units of growth <br />management approval for the years 1986, 1987, 1988 and 1989 <br />shall still take effect and Developer's rights pursuant to <br />the November 8, 1972 Settlement Agreement and subsequent <br />agreements and judicial interpretations shall still expire <br />as provided in Section II.B,5. <br /> <br /> <br />