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V. Vested Development Approvals. <br />A. The Property Owner shall be vested with the right to develop the Property <br />in accordance with and subject to the terms and conditions of the Specific <br />Plan and existing Project approvals. Without limiting said terms and <br />conditions, the vested rights include the uses, density and intensity of use, <br />design of buildings, provisions for dedication of land for public purposes, <br />and other standards and conditions of development contained in these <br />existing approvals. The vested rights shall also include the provisions for <br />allocating costs and collecting fees for the Specific Plan infrastructure as <br />set forth in the Specific Plan and the Vineyazd Avenue Corridor Financing <br />Program. <br />B. Development of the Property is subject to future City approvals, including <br />both those in which the City exercises discretion and those which are <br />ministerial. The City shall exercise its normal scope of review at each <br />stage of future Project review. Each subsequent City approval shall <br />become part of the vested rights of the Project upon its effective date. <br />C. All subsequent City actions necessary to implement the Project shall be <br />reviewed and processed in accordance with the ordinances, regulations, <br />and policies in effect on the date of subsequent permit application, <br />provided that such ordinances, regulations, and polices do not require <br />denial or modification of the existing Project approvals. <br />Revision #2, Draft Lin Development Agreement Page 9 of 17 <br />