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2176 <br /> <br />public goals and purposes for which the Development Agreement <br />Statute was enacted. In exchange for these benefits to the <br />City, City has determined that it is appropriate that <br />Developer receive the assurance that it may proceed with the <br />Project in accordance with the terms and conditions of this <br />Agreement and the City's ordinances, regulations, rules, and <br />official policies in effect as of the Effective Date of this <br />Agreement, except as expressly provided herein. <br /> <br />COVENANTS: <br /> <br />Section 1. Development of the Site. <br /> <br /> A. General: Developer's Riqht to Develop; City's RiGht <br /> <br />to Requlate Development. <br /> <br /> (1) Developer shall have the right to proceed with <br /> development of the Project on the Site in <br /> accordance with the terms and conditions of <br /> <br />this Agreement, and City shall have the right <br />to regulate development of the Site in <br />accordance with the terms and conditions of <br /> <br />this <br /> <br />that the <br />referenced <br />Site to SD, <br />tentative <br />discretionary <br /> <br />Agreement. City warrants and represents <br />previously approved Site Plan <br />in Recital E, the rezoning of the <br />the approval of an SD Plan, and a <br />parcel map are the only <br />development plans or permits <br /> <br />2/23/90 <br /> <br />-5- <br /> <br /> <br />