RecDoc 2018-088890 Strada Development Agreement 1548 Maple, LLC

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would cause any of the warranties and representations in this Section 4.4 not to be true, immediately give written Notice of such fact or condition to City. ARTICLE 5. DEVELOPMENT OF PROPERTY Section 5.1 Vested Rights. The Property is hereby made subject to the provisions of this Agreement. Developer shall have the vested right to develop the Property and the Project in accordance with and subject to the Project Approvals, Applicable Law and this Agreement, which shall control the permitted uses, density and intensity of use of the Property and the maximum height and size of buildings on the Property. Except as otherwise provided in this Agreement, no New City Laws that conflict with the Project Approvals or this Agreement or the Applicable City Regulations shall apply to the Project or the Property. For purposes of this Section 5.1 and Sections 5.2 and 5.5, the word "conflict" means any modification that purports to: (a) limit the permitted uses of the Property, the density and intensity of use (including but not limited to floor area ratios of buildings and the maximum number of units), or the maximum height and size of proposed buildings; (b) impose requirements for reservation or dedication of land for public purposes or requirements for infrastructure, public improvements, or public utilities, other than as provided in the Existing Approvals or this Agreement; (c) impose conditions upon development of the Property other than as permitted by the Applicable City Regulations, Changes in the Law (as defined in Section 5.7), the Project Approvals and this Agreement; (d) limit the timing, phasing, or rate of development of the Property; (e) limit the location of building sites, grading, or other improvements on the Property in a manner that is inconsistent with or substantially more restrictive than the limitations included in the Existing Approvals and this Agreement; (f) limit or control the ability to obtain public utilities, services, or facilities (provided, however, nothing herein shall be deemed to exempt the Project or the Property from any water use rationing requirements that may be imposed on a City-wide basis from time to time in the future or be construed as a reservation of any existing sanitary sewer or potable water capacity); (g) require the issuance of additional permits or approvals by City other than those required by Applicable Law, the Existing Approvals and this Agreement; (h) establish, enact, increase, or impose against the Project or the Property any special taxes or assessments other than those specifically permitted by this Agreement, including Section 6.3; (i) apply to the Project any New City Laws that are not uniformly applied on a City-wide basis to all substantially similar types of development projects and project sites (i.e., to all for sale residential projects, to all rental residential projects, etc.); 0) impose against the Project any condition or Exaction, including and dedication, not specifically authorized by Applicable Law, the Existing Approvals or this Agreement; (k) limit the processing or procuring of applications and approvals of Subsequent Approvals (as defined in Section 10.1); or (l) impose against the Project any obligations regarding affordable housing not specifically required by the Housing Impact Fee, the Existing Approvals or this Agreement. Section 5.2 Reservations of Authority. Notwithstanding any other provision of this Agreement to the contrary, the following regulations and provisions shall apply to the development of the Project: A. Regulations relating to hearing bodies, petitions, applications, notices, findings, records, hearings, reports, recommendations, appeals, and any other matter of procedure then applicable in City at the time of permit application. 25 OAK #4843-3885-9090 0 1 ATTY/AGR/2018.094/STRADA DEVELOPMENT AGREEMENT REV: 07-27-18 VR Page 25 of 94