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Previous Version of Development Agreement: <br />Within One Hundred Eighty (180) days after the issuance of the first building permit for the Project, OWNER <br />shall either pay One Million Four Hundred Thousand Dollars ($ 1,400,000) to the City for the construction of <br />the Park Improvements (Park Improvement Funds) or Owner shall be authorized by the City to construct the <br />Park Improvements at Owner's sole cost and expense up to One Million Four Hundred Thousand Dollars ($ <br />1,400.000). <br />