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<br />parties to provide Flatirons by this Agreement with sufficient flexibility to respond <br /> <br />to these uncertainties in the development of the Property. The flexibility provided <br /> <br />by this Agreement includes, among other things, the ability to alter the proposed <br /> <br />development program within the various Zones pursuant to the terms and <br /> <br />conditions set forth in this Agreement. <br /> <br />J. <br /> <br />On July 15, 1996, after a duly noticed public hearing, the City Council of <br /> <br />City considered and, pursuant to Resolution No. 12819, certified the Project EIR as <br /> <br />adequate and in compliance with the California Environmental Quality Act and <br /> <br />determined that no subsequent environmental impact report or supplemental <br /> <br />environmental impact report was required for the Project. <br /> <br />K. <br /> <br />Following consideration of the Project EIR, after conducting a duly <br /> <br /> <br />noticed public hearing, and after adoption of Findings, pursuant to Ordinance No. <br /> <br />2114 <br /> <br />adopted on Sept. 16 ,1996, the City Council of City approved this <br /> <br />Agreement, authorized the execution of this Agreement and found that the <br /> <br />provisions of this Agreement are consistent with the General Plan of City as adopted <br /> <br />on January 22, 1990 and as amended to date. <br /> <br />L. <br /> <br />Through preparation and consideration of the Project EIR, City has <br /> <br />thorough! y considered all significant environmental impacts of the development of <br /> <br />the Project, and City has determined that the terms and conditions of the Existing <br /> <br />Approvals as incorporated into this Agreement mitigate the significant impacts of <br /> <br />the Project to the maximum extent feasible, and the remaining significant impacts <br /> <br />are acceptable because of the overriding social and economic benefits the Project will <br /> <br />provide. <br /> <br />-6- <br /> <br />DV AGR0'3.rxJC <br />August 26, 1996 <br />