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<br />(3) Laws, including zoning code prOVISions, which regulate the <br />manner in which business activities may be conducted or which prohibit any particular <br />type of business activity on a city-wide basis; and <br /> <br />(4) Procedural rules of general City-wide application. <br /> <br />b. No vested rights as to any requirements in this section 5.2 either as to <br />existing or future regulations, ordinances, policies, and plans are hereby conferred. <br /> <br />5.3 Design and Construction Standards and Specifications. The design <br />and construction standards and specifications for all Project construction, shall be subject to <br />applicable design standards and guidelines, including without limitation SD-59 and Chapter 41 <br />of the Santa Ana Municipal Code, in effect at the time that any development approval shall be <br />sought for the Project or any unit or structure contained within the Project. <br /> <br />5.4 Future, Proposed Residential, High Rise Towers. <br /> <br />a. Without in any way affecting the rights vested pursuant to this Agreement, <br />Owner shall meet and confer in good faith with the City on whether to construct a residential, <br />for-sale, high rise tower on the Property in the general location as specified in Exhibit F to this <br />Agreement, in lieu of the single family residential development at the density of 1 unit per acre <br />approved for such area concurrently herewith. The parties hereto acknowledge and agree that <br />the City's discretionary review of any such proposal together with any approvals sought to <br />develop any such tower on the Property shall be deemed to fall within the provisions of section <br />5.5 of this Agreement, and not be covered by section 5.1 of this Agreement-. If, after good faith <br />investigation and consideration the Owner has not concluded by August 1,2005, that a high rise <br />development is feasible, Owner may proceed with development as approved concurrently <br />herewith. No fees, exactions, mitigation measures or dedications shall be required with respect <br />to such area until development commences thereon. <br /> <br />b. In consideration of the above, and the extraordinary and significant <br />benefits that Owner acknowledges and agrees that it has received in executing this Agreement, <br />Owner voluntarily waives any claim, and holds harmless the City, its officers, agents and <br />employees, from any claim that damages, just compensation, restitution, judicial or equitable <br />relief is due by reason of the terms of or effects arising from this Agreement or the Project, other <br />than a breach by the City of its obligations hereunder. Said waiver and hold harmless shall be in <br />addition to that set forth in other provisions of this Agreement, including but not limited to <br />section 4.7. <br /> <br />5.5 Future Discretionary Approvals. This Agreement shall not prevent the <br />City, when considering requests for discretionary approvals not covered by this Agreement <br />subsequent to the effective date of this Agreement from applying new rules, regulations, and <br />policies which are applicable to the Property, including but not limited to, material changes in <br />the general plans, specific plans, zoning, subdivision or building regulations, nor shall this <br />Agreement prevent the City from denying or conditionally approving any subsequent <br />applications for discretionary land use entitlements based on such existing or new rules, <br />regulations, and/or policies; provided however, that such new rules, regulations, and official <br />policies are of general application to all development within the City and are not imposed solely <br />10 <br /> <br />11 0-14 <br />