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B. This Agreement also does not guarantee the availability of sufficient water to <br />serve the Project. The City shall withhold building permits for the Project if, at the time building <br />permits are applied for, mandatory water rationing is in effect, unless the City has adopted a <br />water offset program and unless the Developer is participating in the program. Notwithstanding <br />the Developer's participation in such program, the City may withhold building permits if the <br />City determines that sufficient water is not available at the time building permits for the Project <br />are applied for. <br />III. PROJECT CONDITION <br />Nothing herein shall lessen any obligation of Developer required as a condition of any <br />other approvals granted by the City. <br />IV. SUCCESSORS IN INTEREST <br />This Agreement shall run with the land and be binding upon any and all of Developer's <br />heirs, assigns, and successors in interest that have an interest in the subject Property, except for <br />the purchasers of completed homes constructed in compliance with this Agreement. <br />THIS AGREEMENT is entered into as of the day and year first above written. <br />DEVELOPER: PULTE HOMES <br />CITY: <br />ATTEST: <br />a„ ~~ ~A~ 1~1w6~~ <br />CITY OF PLEASA:VTON, <br />a Municipal Corporation <br />By: ~~c~--Q'u~ <br />Deborah Acosta McKeehan, City Manager <br />Peggy 'dro, Cit, Jerk <br />APPROVED AS TO FORM: <br />Michael H. Roush, City Attorney <br />(cv:mydocs\agreements\pulte homes growthmgmt) <br />3 <br />