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sc1 fbrth bclo�c in this Agrcemcnt couslilu.. c. mplctc and appruprimc provision.; for lull <br />miligatiun by O��ncr of thc idcnlificd �mpacts Gom thc Projcct un Ihc District. <br />! I. Ncitl�cr thc impacts idcNifi��d nor thc mi�ig:+tion mr.�sures offcrcd hcrcin aflcct, <br />rcducc or cnLvgc any othcr obligation Iluntcrra liomcs, LL(', nr thc Projccl has lo compl�� ���ith <br />rcyuircd Imtd usc approvals. <br />ACRI?t;\fIiNT <br />NOW,'1'i IGRGfORG, for Ihc muWal bcnclits anJ oblicuiions cnnlaincJ hcrcin, and for <br />othcr geud and valuablc considcrmion, thc rcccipt ul'���hich is h�•rcby acknu���IcJgcJ, V�cncr and <br />ihc Districl agrcc as lollo�cs: <br />I. Dtilig�dinn P:q'mcnt <br />O��'ncr agrccs to full�� milig:uc thc impacis c;nucJ bp Ihc pruposcd Jceclupmcm o(thc <br />Prujcct by llr. payntcnt of$3,OOO.d? W Ihc Districl. �1-hc poymcnt o($3,OOO.d� is bascd upun �hc <br />❑pproxim:nc numbcr of unhouscd swdents cspcctcd to bc rnrolkd Gum d Jupics buildings <br />(S units, Icss 1 csisling) . Any adjustmcm in Ihc ntnnbcr of dwclling units shall resull in a <br />curresponding pro rat� adjuslmcnt or rclimd in Ihc miligatiun pu��incnL Snid pa��mcnl shall <br />constiW�c a full and compktc mitigalion for lhc Jirccl impacts tu ihc Disiricl ul thc Projcct. <br />2. '1'imc 1':q•mcnt Uuc <br />Owncr sholl pny Ihe sum idcntilicd hcrcin priar lo and as a condilien uf, issuancc of n <br />building perniit Ibr Ihc Prujcct by Ihc City of liccrcu. "I'his agrccmcnt sl�all bc hinding on �hc <br />succcssors, hcirs, and assigns uf dic partics hcrcto, and Ihc paymcn� obligatiuns hcrcundcr sh�ll <br />consti�ulc a licn upon thc propcny. O���ncr may assign ils rights :md dcicgnlc its Julics uudcr this <br />:\�rccmcnt to any cntity larmed f'or ihc purposcs of Jcccluping Ihc Pmjcct; pru�idcd Oa�ncr shall <br />rcmainjointly liablc lor perl'unnancc uf its dwics hcrcundcr unicss and umil such cnti�v ubtains <br />litic tu thc propctly. <br />3. Cavcn:mt Nut lo Suc <br />O��ncn c�rcby co��cuanls anJ nndcrt;�kcs Ihul it liircccr rcG;�ins nnd dcsists f}om <br />ins�ilmiuq, as�cning, liling or bringing any I:�wsuit. litig;ui�m, dnini. ch;dlengc or procccding lo <br />challcngc �his r\grcctncnt or any af ii� tcnus and cundiiiuns, or cl;iim ;my rcpaynunt ur <br />rcimburscmcn� of funJs, perlonnoncc ur improccmcnis praviJcd Ilu hcrcin, on any ground or <br />b;isis wl�a�suc��cr. <br />D:\'I1;D: ��(� � - -- _ <br />O�rncr: <br />ItON'PI?RNA IIO�IES, LLC <br />1' `515 - 20'" 5trcct SG <br />I:ccrc;t. \VA 93205 <br />Uislricl: <br />I3Vt?RI's'I"I' SClI00L DIS'PRIC'P NO. 2 <br />4730 Colby ,Avcnuc (P. O, 130� 2098) <br />Gvcrclt, \VA 98203 <br />By: Jcti'Dyc, O��ncr 13�; �¢Y0� ll7hiitlt2U�i <br />Sienulurc: � Sign:uurc: ��''%"r ����-,i;�•.� <br />� 3jzz�o5 <br />