SIGNATURE PROPERTIES TRACT 6551 - Laserfiche WebLink

40011k. E. The City, after meeting with members of the development community, has adopted a Modified Growth Management Program for developers with projects, such as this Project, with existing growth management approval . F. The goal of this program is to have the actual units built in any year not to exceed that which is provided for in the City' s General Plan. G. Developer desires to cooperate with the City in carrying out this program because to do so will protect the public health, safety and welfare. NOW, THEREFORE, in consideration of the mutual promises expressed herein, City and Developer hereby agree as follows : 1 . Article I of the Growth Management Agreement is amended to read as follows : "I. GROWTH MANAGEMENT APPROVAL A. City hereby grants growth management approval to the Project for development according to the following schedule : 1994 54 units B. As to these units, Developer designates the following as production units and as custom lots : production units 54 custom lots 0 C. Developer will use its best efforts to project actual building starts, on a continuing basis, so the Council can gauge actual construction when considering new approvals . In other words, Developer must keep the City informed of its progress and must apply to reallocate units if building permits for those units are not obtained (or the public improvements for custom lots are not completed) in the year so allocated. If a Developer fails to apply for reallocation and building permits are not obtained in the year in question (or the public improvements not completed for custom lots) , the Developer cannot obtain a building permit until the Developer has reapplied for growth management (under the Modified Program) and has been granted a new year in which to obtain such permit . - 2 -