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elementary school, improves the safety of Vineyazd Avenue, and furthers the <br />implementation of the Specific Plan with its planned housing, agricultural open <br />space, community park, and extensive trails. The City has conducted its review of <br />this Development Agreement pursuant to the requirements of Government Code <br />Section 65864 et seq. and, on, , 2002, adopted Ordinance <br />No. approving the Development Agreement. <br />NOW THEREFORE, it is agreed by the City and Property Owner as follows: <br />Property Subject to the Development Agreement; Successors and Assigns. All of <br />the Property shall be subject to this Development Agreement. The parties intend <br />that this Development Agreement shall constitute covenants which shall run with <br />the Property, and its benefits and burdens shall bind and inure to all of the <br />successors in interest to the Property and to the City. <br />II. Term. The term of this Development Agreement shall commence upon the date <br />of execution and shall continue in full force and effect for ten (10) years <br />thereafter. <br />Revision #3, Draft Hahner Development Agreement Page 6 of 17 <br />