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<br />. . <br /> <br />,.... <br /> <br />to the City of Eugene and a minimum level of urban services be <br />provided to the Property. The cost to Property Owner of sewer <br />connection and annexation is substantial and may consume much of <br />the capital needed for investment and development or redevelopment <br />of the Property. Consistent with the above, it is the purpose of <br />this Agreement to encourage Property Owner to construct <br />improvements on the Property and/or to obtain sanitary sewer <br />service from the City (or its delegate) and that the Property shall <br />be annexed to the City with the effective date of annexation <br />delayed for a period of ten (10) years from the date of sanitary <br />sewer hook-up, or the year 2010, whichever shall be earlier. <br /> <br />E. It is the expectation of the parties that all properties in <br />the Industrial Corridor will be sewered by the year 2000. Both <br />parties recognize that new development on the Prop~rty should be <br />connected to any available City sewer system at the: time of <br />development. Property Owner recognizes City'S obligatidn to the <br />Environmental Protection Agency to connect improvements on the <br />Property to the City sewer system. <br /> <br />fj The City and the Industrial Corridor Community Organization <br />(nICCan), an Oregon nonprofit corporation and formally recognized <br />community organization, have previously entered into an Annexation <br />and Urban Services Policy Agreement. One of the terms of the <br />Annexation and Urban Services Policy Agreement is that the City <br />agrees to execute this Annexation and Urban Services Agreement <br />(nAgreementtf) upon Property Owner' s application for a building <br />permit for the Property. <br /> <br />G. Property Owner has applied for a building permit. <br /> <br />AGREEMENT <br /> <br />1. Scope of Aqreement. The parties, in consideration of the <br />recitals, mutual covenants and th~ir promises exchanged herein, <br />agree to be bound by this Agreement in accordance with its terms <br />for the purposes described in the Recitals. <br /> <br />2. Sanitary Sewer Connection. Property Owner hereby agrees to <br />connect existing improvements on the Property to the City sanitary <br />sewer system upon the earliest of the following: <br /> <br />2 . 1 When property owners who own property representing in <br />excess of 50% of the assessed value of the properties in the <br />service area of the branch of the proposed sanitary sewer system <br />that would serve the Property either request service or have <br />received service; <br /> <br />Annexation and Urban <br />Services Agreement - Page 2 <br />