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shall be reduced by the fair value of <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 /> development 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 /> intent of this agreement given the availability of sewage <br /> treatment capacity. <br /> <br />V. PROJECT CONDITIONS <br /> <br /> Nothing herein shall lessen any obligation of Developer <br /> <br /> required as a condition of any other approvals granted by <br /> the City. ~ <br /> <br />VI. SUCCESSORS IN INTEREST <br /> <br /> This agreement shall run with the land and be binding <br /> <br />upon any and all heirs, assigns, and successors in interest <br />of DevelOper having an interest in the property described in <br />Exhibit A. <br /> <br />VII. RECORDATION <br /> <br /> This agreement shall be recorded in the office of the <br /> <br />CoUnty Recorder of Alameda County. <br /> <br />Project by Developer, the City will, <br /> <br />those improvements. <br /> <br />Upon completion of the <br /> <br />upon request, execute a <br /> <br />-5- <br /> <br /> <br />