21 ATTACHMENT 3 - Laserfiche WebLink

83 school and health requirements, as well as numerous other matters. There is always the possibility that such approvals will not be obtained or, if obtained, will not be obtained on a timely basis. Failure to obtain any such agency approval or satisfy such governmental requirements would adversely affect land development. For information on certain environmental issues concerning development, see “PLANNED DEVELOPMENT IN THE LAVWMA SERVICE AREA.” The installation of the necessary infrastructure improvements and the construction of the proposed development are subject to the receipt of ministerial and discretionary approvals from a number of public agencies concerning the layout and design of the proposed development, the nature and extent of the improvements, land use, health and safety requirements and other matters. Moreover, land development operations may be adversely affected by future governmental policies, including, but not limited to, governmental policies to restrict or control development. Under current California law, it is generally accepted that proposed development is not exempt from future land use regulations until building permits have been properly issued and substantial work has been performed and substantial liabilities have been incurred in good faith reliance on such permits. In the past, a number of communities in California, including Dublin, Pleasanton, Livermore and San Ramon have had initiative measures placed on the ballot intended to control the rate of future development. It is possible that future initiatives could be enacted, could become applicable to the proposed development and could negatively impact the ability of the developers, and their successors, to complete land development. The application of future land use regulations to land development could cause significant delays and cost increases in the completion of development. On November 7, 2000, Alameda County voters approved two growth control measures, known as County of Alameda Measures D and M. For a discussion of these measures with respect to planned development in the LAVWMA service area, see “PLANNED DEVELOPMENT IN THE LAVWMA SERVICE AREA.” There can be no assurance that land development operations will not be adversely affected by a future deterioration of the real estate market and economic conditions or future local, State and federal governmental policies relating to real estate development, the income tax treatment of real property ownership, or the state and/or national economy. Cybersecurity LAVWMA and the Members, and their respective wastewater enterprises, rely on a large and complex technology environment to conduct their operations. LAVWMA and each Member and its departments (including their wastewater enterprises) face multiple cyber threats including, but not limited to, hacking, viruses, malware and other attacks on computers and other sensitive digital networks and systems. LAVWMA and each Member has purchased cyberinsurance coverage to protect against cyber risks. No assurances can be given that the cybersecurity protection measures taken by LAVWMA or any Member will be successful in guarding against any and each cyber threat and attack. The results of any successful cyber-attack on LAVWMA or any Member’s network and computer information technology systems could have a material adverse impact on the operations