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III. CONTRIBUTIONS <br /> <br /> A. Growth Management Fee <br /> <br /> Developer will contribute $525 per unit to the <br /> <br />City's Capital Improvement Fund and $400 per unit to the <br /> <br />City's Ilousing Fund at the time of securing building permits. <br /> <br /> B. Public Needs <br /> <br /> In consideration of the public needs created by <br /> <br /> this housing development, developer agrees to contribute <br /> $500 per building permit secured in 1982, with the fee to <br /> increase by $50 in each calendar year thereafter. <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 />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 /> Nothing herein shall lessen any obligation of Developer <br /> <br />required as <br />the City. <br /> <br />a condition of any other approvals granted by <br /> <br />-4- <br /> <br /> <br />