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with the development of the Property for the uses and to the density and intensity set forth in the PUD or arbitrarily increase the cost of development. 2. EFFECT OF AGREEMENT. 2. 1 Local Rules . The Property shall be subject to all the rules, regulations, and official policies and fees (e.g. , General Plan, zoning code, subdivision code, building code [collectively "Local Rules" ] ) of City governing uses, density, height, design, public improvements and construc- tion standards which are in effect at the time the Agreement is executed and any (i) changes to the Local Rules or (ii) new Local Rules; provided, however, such changes or new Local Rules shall not apply if they materially interfere with (A) development of the Property for the uses and to the height, density and intensity set forth in the PUD; (U) the rate of development selected by the Developer; or (C) the cost of development . 2. 2 Supersedure By subsequent stele or Federal Laws or Regulations . In the event that state or federal laws or regulations, enacted after this Agreement has been entered into, prevent or preclude compliance with one or more provi- sions of the Agreement, such provisions of the Agreement shall be modified or suspended as may be necessary to comply with such state or federal laws or regulations. Notwith- standing the foregoing, Developer shall have the right to 6.