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commercial, office and residential uses of the Property in accordance with the Property Owner's own time schedule; provided, however, that development of the Project shall be subject to compliance with the Project Approvals, including conditions that require the timely completion of any act by a specified date. 2.4 Future Changes to Existing Standards. (a) Except as otherwise expressly provided in this Section 2.4, development of the Property shall be subject only to the Existing Standards. (b) Future changes to the Existing Standards, and any other future ordinances, laws, rules, regulations, plans or policies adopted by the City or adopted by voter initiative (all of the foregoing hereinafter referred to as "Future Change" or "Future Changes shall apply to the Property except to the extent they are in conflict with the terms and conditions of the Project Approvals or the Existing Standards. In the event of such a conflict, the terms of the Project Approvals and the Existing Standards shall prevail. Property Owner shall use reasonable efforts to notify City in writing of any Future Change that is in conflict with the terms and conditions of the Project Approvals or the Existing Standards, provided, however, Property Owner's failure to so notify City shall not be deemed to be a waiver by Property Owner. Property Owner may give City written notice of its election to have any Future Change applied to the Property, in which case such Future Change shall be deemed to be an Existing Standard. (c) Except as otherwise expressly authorized in this Agreement, Future Changes shall be deemed to be "in conflict" if they: (i) change or have the effect of changing the permitted uses, density, intensity or rate of development of the Property from that permitted under the Project Approvals and the Existing Standards; (ii) impose moratoria on building, sewer, water or other utility connections (including but not limited to gas, electricity, cable or telephone) or other required permits, or further limit the number of such permits to be issued from that permitted pursuant to the Project Approvals and the Existing Standards; (iii) impose new fees or increase existing fees except as expressly authorized under the Project Approvals; (iv) impose requirements for dedication or reservation of land for public use in excess of those established under the Project Approvals; (v) require infrastructure (e.g., streets, pipelines, utilities, or other similar public facilities) in addition to that identified under the Project Approvals. (vi) require public improvements (e.g., trails, paths, recreational facilities, parks or open space, police, fire or emergency service facilities, or other community, cultural or civic facilities) except as expressly required under the Project Approvals; 35690/849375v14 6 0825/00