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'-' 155.2 3 <br /> <br />connection with the Development will be financed through one or <br />more Municipal Financing(s). For purposes of this Development <br />Agreement, a "Municipal Financing" shall mean a sale of municipal <br />.bonds secured by special taxes pursuant to the Mello-Roos Facili- <br />ties Act of 1982, being Chapter 2.5 of Division 2 of Title V of the <br />California Government Code, commencing at Section 53311 ~hereof. <br />If, as anticipated, the city does establish a Community Facilities <br />District consisting of the Property pursuant to said Act, City <br />hereby agrees to use its best efforts to sponsor the issuance of <br />one more Municipal Financing(s) to assist in the completion and <br />installation of such public infrastructure improvements ~m]essthe <br />Developer and the City mutually agree to not issue such Municipal <br />Financing(s). In the event the City shall be responsible for <br />completing one or more portions of such improvements, city agrees <br />to act promptly to so complete such improvements in order to avoid <br />delays to the Development. It is anticipated that notwithstanding <br />any Municipal Financing(s), the initial cost of the installation of <br />the required public improvements may be borne in part byDeveloper. <br /> <br />13. Subsequent Environmental Review. <br /> <br /> In exercising its legislative discretion to enter into <br />this Development Agreement and to commit the City to the completion <br />of the Development, the city has reviewed and considered the <br />potential adverse environmental impacts related to all aspects of <br />the contemplated project, including, without limitation, the <br />potential demands the Development will make on local and regional <br />streets, highways, parks and recreation areas, water capacity and <br />water lines, sewer capacity and sewer lines, flood and storm drain <br />systems, and energy conservation, and the effect on school <br />capacity, traffic, pedestrian safety, noise and air quality <br />impacts. The city has further reviewed and considered from a <br />variety of perspectives, and has analyzed pursuant to a variety of <br />assumptions, the projected future regional and cumulative environ- <br />mental demands that will compete with the Development for available <br />capacities and cumulatively add to potential adverse impacts. In <br />so doing, the City has considered among other things, the~ossibil- <br />ities that: <br /> <br /> (a) Federal, local, regional and state plans, if <br />any, for provision of new infrastructure systems'or expansion <br />of existing infrastructure'systems may be delayed, modified or <br />abandoned; <br /> <br /> (b) The types, intensities, and amount of future <br />regional development may exceed or otherwise be different from <br />that currently being planned by the City and other local <br />agencies; and <br /> <br /> (c) Demands generated by the Development and <br />otherwise generated in the region on infrastructure and <br />utility improvements to be constructed as a part of the <br /> <br />20 <br /> <br />0 <br /> <br /> <br />