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Phase II and Phase III improvements will be constructed in accordance <br />with the Specific Plan and conditions of approval. The funding of these <br />improvements is described in the Finance Plan, a copy of which is <br />attached as Exhibit C. <br /> <br />IV. <br /> <br /> Vested Development Approvals. <br /> <br />A. The Properl), Owner shall be vested with the right to develop the Property <br /> in accordance with and subject to the terms and conditions of the Specific <br /> Plan and existing Project approvals. Without limiting said terms mid <br /> conditions, the vested rights include the uses, density and intensity of use. <br /> design of buildings, provisions for dedication of land for public purposes. <br /> and other standards and conditions of development contained in these <br /> existing approvals. The vested rights shall also include the provisions for <br /> allocating costs and collecting fees for the Specific Plan infrastructure as <br /> set forth in the Specific Plan and the Vineyard Avenue Corridor Financing <br /> Program. <br /> <br />B. Development of the Property is sul~iect to future City approvals, including <br /> both those in which the City exercises discretion and those which are <br /> ministerial. The City shall exercise its normal scope of review at each <br /> stage of future Project review. Each subsequent City approval shall <br /> become part of the vested rights of the Project upon its effective date. <br /> <br />Revision # 1. Draft Heinz Development Agreement Page 6 of 13 <br /> <br /> <br />