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2. City shall reimburse Developer generally in accordance with the schedule shown on EXHIBIT "B" pursuant to Ordinance No. 466. It is understood, however, that City may vary from this schedule because of financial limitations provided that full reimbursement shall be made to Developer within ten (10) years from the date of this agreement. In the event reimbursement is delayed beyond January 1, 1974, City agrees to pay Developer interest at the rate of seven percent per annum on any re- maining balance. 3. Disputes arising as to this agreement shall be resolved by the City Manager. Any appeal from his decision shall be in writing addressed to the City Council. Final Council action shall be required before any suit is commenced in Superior Court based upon this agreement; provided however, that the failure of the City Council to take final action upon any such dispute within thirty days from the date of the appeal communi- cation shall be deemed final Council action upholding the decision of the City Manager. 4. The obligations of this agreement shall apply to and be binding upon all successors in interest of the parties hereto including heirs, assigns, executors and others. The benefits of this agreement shall be profit to the parties hereto. DATED: t-~~R~ ~' ~ ~ ~ l ~ 7 CITY 0 PLEASAN ON ~ ~ ~~ ~; _ _ ~. By ;..L __ - ~-~ MAYOR ATTEST: ~'ta ~IPPRQVED ,~ ~ 3'~~ rORM WILLfAiti" r~. ,~.~+, City Attorney aa~r~ ~. DEVELOPER By ~ M~2~~~~~ON I~OIVIES ~~T~r.~.~ ~~ ~~~~~, ~,,,~, v~ti,.~,.~dk T (Title) 2