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III. CONTRIBUTIONS <br /> <br /> In consideration of securing development approval, <br /> Developer agrees to contribute $525/unit to the City's <br /> Capital Improvement Fund and ~00/unit to the City's Housing <br /> Fund at the time of securing building permits. <br /> <br /> IV. SEWAGE CAPACITY <br /> <br /> This agreement does not guarantee the availability of <br /> <br /> sufficient sewage treatment capacity to serve'the Project; <br /> building permits may be withheld if sewage treatment capacity <br /> is 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 approval of PUD-81-23. <br /> <br />VI. <br /> <br />upon <br /> <br />of Developer having <br />Exhibit A. <br /> <br />SUCCESSORS IN INTEREST <br /> <br />This agreement shall run with the land and be binding <br />any and all heirs, assigns, and successors in interest <br /> <br /> an interest in the property described in <br /> <br /> <br />