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determination is made, Developer will cooperate in the fund- <br /> ing of the Additional Mitigations, to the extent the Project <br /> is benefitted by the Additional Mitigations, by cooperating <br /> in the formation of assessment districts or other types of <br /> funding mechanisms to provide funding for the Additional <br /> Mitigations. City and Developer agree to cooperate in the <br /> formation of such assessment districts or funding mechanisms <br /> to provide funding for the Additional Mitigations. City <br /> further agrees that it shall not exercise such discretion in <br /> a manner which will materially interfere with the develop- <br /> ment of the Property for the uses and to the density and <br /> intensity set forth in the PUD. <br /> 2. EFFECT OF AGREEMENT. <br /> 2 . 1 Local Rules . The Property shall be subject to all <br /> the rules, regulations, and official policies and fees <br /> (e.g. , General Plan, zoning code, subdivision code, building <br /> code (collectively "Local Rules" ) ) of City governing uses, <br /> density, height, design , public improvements and construc- <br /> tion standards which are in effect at the time the Agreement <br /> is executed and any (1) changes to the Local Rules or <br /> (ii) new Local Rules; provided, however, such changes or new <br /> Local Rules shall not apply if they materially interfere <br /> with development of the Property for the uses and to the <br /> height, density and intensity set forth in the PUD or with <br /> the rate of development selected by the Developer. <br /> 12. <br />