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NOW, THEREFORE, in consideration of the premises and of the mutual promises <br />and conditions hereinafter contained, it is hereby agreed as follows: <br />1. PropsM Improvements: In accordance with the policies and ordinances of the City, the <br />following described private improvements are proposed to be constructed by the Property <br />Owner or his/her contractor, who has applied to the City for a building permit for said <br />private property improvements (the "Property Improvements"): <br />2. Issuance of Building. Permit for Propcy Improvements: The City agrees to issue a building <br />permit for the Property Improvements at this time, subject to conformance with all current <br />City standards and ordinances for all applicable work. <br />3. Sqaic System Uparade: In accordance with the ordinances and requirements of the City, <br />the Property Owner hereby agrees to complete the required upgrade of the septic system no <br />later than July 31, 1996 (the "Completion Date"). <br />Initials of ProF.rty Owner Q <br />Initials of City Clerk <br />.AL <br />Page 2 of 5 <br />