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WESTBROOK HOUSING - LONG TERM AGREEMENT (LIN)
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WESTBROOK HOUSING - LONG TERM AGREEMENT (LIN)
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11/5/2007 11:46:54 AM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/17/1986
LONG TERM AGREEMENTS - NAME
WESTBROOK HOUSING
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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D. The expiration of Growth Management approval as to a <br />unit or units authorized for a specific year shall not be <br />considered a breach of this Agreement by the Developer and shall <br />in no way affect the validity of a Growth Management approval for <br />subsequent years. <br />IV. CONTRIBUTIONS <br />A. Existing Fees <br />Developer agrees to pay the City fees in effect at the time <br />each building permit is issued, including any school impact fee <br />which may then be in force. <br />B. Growth Management Fees <br />As required by Section 2(d) of Appendix A to Resolution No. <br />82-66, the Developer will contribute $525 per unit to the City's <br />Capital Improvement Fund and $400 per unit to the City's Housing <br />Fund at the time of securing building permits. <br />C. Public Needs <br />1. Subject to Developer providing the City with an updated <br />traffic impact study demonstrating to the satisfaction of the <br />Director of Public Works that the construction of the first one <br />hundred or more units of PUD-84-5 will not increase traffic on <br />Kottinger Drive beyond its environmental holding capacity, the <br />City will initiate and consider an amendment to PUD-84-5 to <br />increase from fifty to one hundred or more the number of dwelling <br />units which may be started prior to the time when construction <br />- 5 - <br />
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