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The Ci~' adopted the Vineyard Avenue Corridor Specific Plan (the "Specific <br />Plan"), on June 1, 1999 to guide future development within its boundary. /he <br />Specific Plan sets forth land use. infrastructure, and other policies governing <br />future development of the lands within the Corridor. a key element of which is the <br />realignment of Vineyard Avenue. <br /> <br />Property Owner, through its then optionee Centex Homes. has proposed a <br />development plan for ten new residential lots on the Property and retention of the <br />existing residence. This development plan contemplated simultaneous <br />development of the adjoining Berlogar property, and a single development plan <br />consisting of 19 units was developed for both. PUD-05. The City approved <br />PUD-05 on June 19, 2001. The City also approved a Growth Management <br />Agreement with Centex Homes covering these units, an agreement which <br />continues to cover the proposed units to be built on the Property. and which <br />allows development of the houses within the project to proceed in an orderly. <br />coordinated fashion. The approvals, taken together with the Specific Plan. <br />constitute the initial development plan for the Property (the '~Prqject"). <br />Subsequent approvals, both discretionary and ministerial on the part of the City, <br />remain before any development can occur. <br /> <br />The nature of the infrastructure requirements to support development in the <br />eastern sector of the Specific Plan area require up-front construction of the <br /> <br />Revision # 1. Draft Chrisman Development Agreement Page 2 of 13 <br /> <br /> <br />