CAROLINE JOHN (2) - Laserfiche WebLink

above (hereinafter referred. to as "additional sewer capacity") to Caroline and specifically to the proposed business .park, said 63,000 GPD capacity as defined in paragraph 2 of Exhibit "B". NOW, THEREhORE, the parties agree as follows: i. OBLIGATIQNS OF CITY. 1.1 Allocation of Sewer Capacity. City agrees to allocate 63,000 GPD of sewer capacity to Caroline or assignee as the owner/ developer of Tract 4326 from that certain 500,000 GPD of '`'additional sewer capacity" which is to be developed pursuant to the agreement attached as Exhibit ''A". This allocation shall be reduced by the amount of capacity actually obtained by Caroline far use on Tract 4326 from the normal sewer allocation and application procedures prior to the completion and availability of said ''additional sewer capacity." Upon .termination of this agreement at the. end of the nine (.9) year term or upon earlier termination pursuant to Para- graph 3,6 hereof, any portion of the 63,000 GPD '`additional sewer capacity" for which building permits have not been issued shall be returned to the City for reallocation by City at its sole discretion. 1.2 Good Faith Efforts. City agrees to use its good faith efforts in securing all necessary governmental approvals and all environmental documentation necessary for creation and. allocation of that sewer capacity to be developed pursuant to the tiallow tiJest Agreement and issuance of sewer connection permits as provided above. II. OBLIGATIONS OF CAROLITdE. 2.1 Construction of On-andr0ff Tract Improvements. Caroline agrees to construct, at his expense, all public improve- ments required by City through. its zoning and subdivision processes. ~3~