B.

NOW
the
and
the

Such development is in accordance with the future plans of
the City but is presently premature as a portion of the
municipal 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 City or from the owners of other
lands who may connect to Or usé 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 requested that the City
enter into this Agreement with the Neveloper. .

THEREFORE THIS AGREEMENT WITNESSETH that in consideration of
premises and the covenants and agreements contained herein
the sum of One Dollar ($1.00) now paid to the Developer by

City (the receipt and sufficiency whereof is hereby

acknowledged), and for other valuable consideration:

1. The Developer hereby waives, relinquishes and abandons any

right which the Developer now has or may at any time
hereafter have for any contribution from the City or any

other person toward the Developer's cost of installing those
works and services shown on the Engineering Drawings number

0699-335-02-Kl1, (hereinafter called the "said works").