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25. Time of the Essence. Time is of the essence for <br />provision of this Agreement of which time is an element. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have caused this <br />Development Agreement to be executed as of the effective date. <br /> <br />CITY OF SANTA ANA, <br />a municipal corporation <br /> <br />ATTEST~ <br /> <br />By <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />Janice C. Guy <br />Clerk of the Council <br /> <br />APPROVED AS TO FORM: <br /> <br />SANTA FE LAND IMPROVEMENT COMPANY, <br />a California corporation <br /> <br />Jeffrey K. Gwin <br />Director of Development <br /> <br />16. <br /> <br /> <br />