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7C Page 229 have bee�i duly authorized to do so, and (iv) this Agreeinent constitutes a valid and binding obligation of City, enforceaUle in accordance wit11 its tern�s. 1.3 Project Approvals; tissessments. (a} Provided that Developer has complied with this Agreement, the Appl.icable Rules, and the Precise PIan, City shaIl review and, if consistent witll the Precise Plan and Applicable Rules, issue, or cause to be issued, any and all subsequent permits and approvals that may be requircci by the City, and shall fully cooperate with Developer in its efforts to obtain any permits and approvals required by any other goveinmental agency with regulatory authority over the Project or the Property, subject to the remaining provisions of this Section 1.3. AlI future discretionary approvals granted for the Project or the Property shall automaticaliy become part of the vested approvals governed by this Agreement at the time each such approval becomes effective. Without limiting the generality of the for.egoa��g, all vesting tentative subdivision nnaps, naaster parcel tentative maps, parcel maps, subdivision tentative maps,planned �anit development permits, special permits, or any other maps,rezonings or land use entitlements of potentially iimited duration previously, coi�temporaneously or snbsequently agproved for the Properiy s11all be valid for a minimum ierm equal to the Terna of this Agreenr�ent. (b) BuildingL Pennits. Devetoper applications for building permits shall be processed as stated rn 5ection 1.2(fl of this Agreement. (c) Parcelizatian of the Property. Developer shall have the right from time to time or at any time, to apply to reconf gare the parcels comprising the Properiy as may be necessary in order to develop a particular phase of the Project, or to lease or finance a portion of the Property in connection with the development of the Project. City shall accept and timely process, and may impose l.egally authorized conditions on, a,ny such application, consistent with this Agreeme��t, the Precise Plaii and Applicable Rules. (d) Exactions. All further or subsequei�t approvals contemplated by this Agreement, or inade in connection with the development of the Project hereunder, shall be processed in accordance with the Precise Plan, the Applicable Rules, and this Agreement. The Parties acknowledge th.at the provisions contained i.n this Section are in.tended to implement the intent of the Parties that tl�e Developer shall have the right to develop the Project pursuant to specified and known criteria aald r-ules. (e} Assessments. Nothing herein shaIl be construed to reli.eve the Praperty from assessments or special taxes Ievied against it by City pursuant to any statutory procedare for the fonnation of assessmenfi districts or community facilities districts or si�nilar public financing mechanism ta pay for public infrastructure and/or services whicl�benefit th�Property,provided suclz assessments or s�ecial taxes are levied in a mataz�er that does uot discriminate against the Pro�erty or the Project, and further provic�ed that credit is available to the Developer, whe�� appropriate, for improveme»ts completed or to be completed by the Developer at the Developer's expense (e.g., if Developer constructs or installs iinprovements t��at will benefit property of greater geographic scope than the Property). ]U25843-6 g DRAFT i2112/07 3:00 PM