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City's Capital Improvement Fund and $400 per unit to the <br /> <br /> City's Housing 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 <br /> to increase by $50 in each calendar year thereafter. <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 /> <br />-4- <br /> <br /> <br />