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and <br />City Attorney, City of Santa Ana <br />20 Civic Center Plaza M -29 <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />If to Owner, to: <br />Heritage Village OC <br />1945 Port Chelsea Place <br />Newport Beach, CA 92660 <br />Attention: General Counsel <br />BE <br />Allen Matkins <br />1900 Main Street, 5'" Floor <br />Irvine, CA 92614 <br />Attention: William R. Devine <br />A Party may change its address by giving notice in writing to the other <br />party, Thereafter, any notice, tender, demand, delivery, or other <br />communication shall be addressed and transmitted to the new address. If <br />sent by mail, any notice, tender, demand, delivery, or other <br />communication shall be effective or deemed to have been given three (3) <br />days after it has been deposited in the United States mail, duly registered <br />or certified, with postage prepaid, and addressed as set forth above. If <br />sent by telefacsimile, any notice, tender, demand, delivery, or other <br />communication shall be effective or deemed to have been given twenty - <br />four (24) hours after the time set forth on the transmission report issued by <br />the transmitting telefacsimile machine, addressed as set forth above. For <br />purposes of calculating these time frames, weekends, federal, state, <br />County, or city holidays shall be excluded. <br />5. DEVELOPMENT OF THE PROPERTY <br />5.1 City Obligations. In consideration for Owner entering into this <br />Development Agreement and performing its obligations hereunder, and in <br />order to effectuate the purposes and intentions set forth in this <br />Development Agreement and the Development Agreement Act, the City <br />hereby agrees during the Term as follows: <br />5.1.1 Vested Right to Develop. Owner is hereby granted the <br />vested right to develop the Project subject to the terms and <br />11 A -28 <br />