RES 83424 - Laserfiche WebLink

City's B. Housing Fund at the time of securing building permits. Public Needs In consideration of the public needs created by the 5129), project shown in PUD-80-3 (i.e. all 27 acres shown on Tract Developer agreed in Condition #2 of PUD-80-3 to contribute one-half of the cost of a bridge across the Arroyo Mocho at Martin Avenue in an amount not to exceed $250,000.00. 'Developer hereby agrees that hi~ obligation is in the amount of $250,000.00. City agrees that this obligation can be paid based upon a prorata allocation of the $250,000o00 cost to each of the 113 lots anticipated within the area of Tract 5129. Therefore, Developer agrees to pay $2,212.00 at the time of issuance of each building permit within the 27 acres of Tract 5129. IV. SEWAGE CAPACITY City agrees to use its best efforts to reserve capacity sufficient for outstanding valid sewer permits, but this agreement does not guarantee the availability of sufficient sewage treatment capacity to serve the Project; building permits may be withheld if sewage treatment capacity is determined' by City not to be available at the time building permits are applied for. In the event sewage treatment' capacity is not available to enable Developer to meet the development schedule contained.in Paragraph I, the Developer and City agree to negotiate amendments to this long-term agreement which would as near as is feasible carry out the intent of this agreement given the availability of sewage treatment capacity.