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C. 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 /> D. 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 "Project <br /> Subsequent approvals. both discretionary and ministerial on the part of the City, <br /> remain before any development can occur. <br /> E. 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 /> Revision #1, Draft Chrisman Development Agreement Page 2 of 13 <br />