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D. Developer shall not build units at a rate faster than <br />its annual allocation, and it must semi-annually (in February and <br />August) modify, if necessary, its projections to reflect its <br />then-existing best estimate of actual construction. <br />Modifications of projected build-out are unlimited for a <br />participating developer, but the year(s) when construction will <br />be permitted will be determined by Council. Applications must be <br />received by June 30 (for August) and December 31 (for February). <br />E. When semi-annual reviews are made, Developer may move <br />units into later years or into earlier years from those <br />originally estimated, subject to Council approval. <br />F. Council may extend the Developer's requested time-frame <br />for pulling building permits in years when actual construction is <br />projected to exceed the General Plan maximum and/or if <br />infrastructure is projected not to be available for new <br />development. <br />G. If the Council must defer Developer's proposed <br />rescheduling of units to a year later than that requested, <br />Developer shall have a preference in returning units to the <br />originally desired year (if desired) should units in that year <br />become available due to other developers' shifting units to later <br />years. <br />H. For production units, a building permit will be issued <br />only in the calendar year for which a unit has growth management <br />approval. No building permits will be allowed to be pulled 6 <br />months in advance of the calendar year of allocation as allowed <br />under the former growth management ordinance. <br />I. Custom lots, once the public improvements are <br />completed, will not be subject to further developer reallocation, <br />but custom lots will not be sold prior to the time the public <br />improvements are completed. City will monitor custom lot <br />development and will use estimates of actual custom lot <br />construction in the semi-annual analysis of projected building <br />starts. Custom lots projected to start in a calendar year count <br />toward the General Plan maximum." <br />II. CONTRIBIITIONS <br />A. Existing Fees <br />Developers shall pay the City all fees in effect at the <br />time each building permit or subdivision approval is issued, <br />including any school impact fee which may then be in force. <br />- 3 - <br />