y i Tierns " FY) a Vs - Paid bas a . 7 x -_ . many = , : ; fe * eee
Smee, a rramepns mas mnigesees ere § eGR. RE ah Mens al ait ‘5 ares . °
pay rns hy oes
4 &

eae

Such development is in accordance with the Tuture plans

of the City but is presently premature as a portion of
the muricipal works and services required to be installed
by the Developer to serve the Proposed development may
provide access to or serve land other than the said lands
and thus may be eligible for a contribution Towards the
cost of such works and services from the ity or from the
owners of other lands who may connect to or use the said
works and services, however the City does not have
sufficient funds, either on hand or anticipated from
development cost charges, to make a contribution towards
the cost of the said works and services, nor does the
City at this time have a System in place to levy
latecomer charges against the owners of other lands who

may connect or use the said works and services; and

The Developer has voluntarily agreed to waive any right

the Developer may have to a contribution toward the cost
of such works and services which are necessary to serve
the proposed development of the said lands and has
requestei that the City enter into this Agreement with

the Deveioper.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in considerat

the premises and the covenants and agreements contained here
The sum of One Dollar $1.00) now paid to the Developer by
Municipality ip : is hereby

acknowledged),