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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 ts be installed
by the Deveioper to serve the proposed development may
provide access to or serve iand 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 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 whe

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 cortribution toward the cost
of such works and services which are necessary to serve
the proposed deveiopment of the said lands and has
requested that the City enter into this Agreement with

the Deveioper.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in censideration of.
the premises and the covenants and agreements contained herein and
the sum of One Joillar ($1.00) now paid to the Developer by the
City (the receipt and sufficiency whereof is hereby acknowledged),

and for other valuable consideration:

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