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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 />C O V E N A N T S• <br />Section 1. Development „of the Site. <br />A. General: Developer's Right to Develo • Cit 's Right <br />to Re ulate Develo ment. <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 />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 />this Agreement. City warrants and represents <br />that the previously approved Site Plan <br />referenced in Recital E, the rezoning of the <br />Site to SD, the approval of an SD Plan, and a <br />tentative parcel map are the only <br />discretionary development plans or permits <br />-5- <br />2/23/90 <br />�1 <br />