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The City adopted the Vineyard Avenue Corridor Specific Plan (the "Specific <br />Plan"), on June 1, 1999 to guide future development within its boundary.. The <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 has proposed to develop the Property in accordance with the <br />Specific Plan. Property Owner has proposed a development plan consisting of <br />26 residential lots which was approved by the City through a series of <br />development plans on October 19, 1999 (PUD-99-06, PUD-99-08, PUD-99-09, <br />PUD-99-10, and PUD-99-12). The City subsequently approved a series of <br />Vesting Tentative Maps on June 24, 2000 (VTTM-7160, VTTM-7161, <br />VTTM-7481, VTTM-7482, and VTTM-7501). The City also approved a Growth <br />Management Agreement for the Project to allow development of the houses <br />within the project to proceed in an orderly, coordinated fashion. The approvals, <br />taken together with the Specific Plan. constitute the initial development plan for <br />the Property (the "Project"). Subsequent approvals, both discretionary and <br />ministerial on the part of the City, 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 />realignment of Vineyard Avenue and construction of most of the utilities within <br /> <br />Revision # 1, Draft Mardel, L.L.C. Development Agreement Page 2 of 13 <br /> <br /> <br />