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State of California, more particularly described in Exhi- <br /> bit 1 attached hereto. The Property is contiguous to cer- <br /> tain other real property owned by Developer commonly known <br /> as Hacienda Business Park Phase I . <br /> B. Developer plans to develop the Property as a <br /> commercial and office park ("Project" ) . <br /> C. City wishes to (i) eliminate uncertainty in <br /> the comprehensive development planning of large scale indus- <br /> trial and commercial projects, (ii) secure orderly develop- <br /> ment and progressive fiscal benefits for public services <br /> planning and (iii) ensure attainment of the goal of maximum <br /> effective utilization of resources at the least economic <br /> cost to the public. <br /> D. Developer submitted to City (i) a development <br /> plan ("Development Plan") for development of the Project, <br /> (ii) an application for three (3) general plan amendments <br /> (collectively "Amendments" ) , amending (a) Property' s desig- <br /> nation in the Land Use Element of the General Plan from <br /> General and Limited Industrial to Industrial/Commercial/ <br /> Office and (b) the Growth Management Element to provide that <br /> the Project is, by definition, consistent with the policies <br /> contained therein, and (c) amendments to the Circulation <br /> Element to make Owens Drive a collector street and (iii) an <br /> application for a zone change of the Project to a planned <br /> unit development ("PUD" ) in accordance with the Development <br /> Plan. <br /> 2. <br />