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moratorium, lawsuit, or the actions of other public agencies that regulate land use, delays the <br />granting of any Subsequent Approval or the development of the Project, including but not limited <br />to the period of time of any lawsuit challenging the Project Approvals. <br />Section 2.6 Development Timing. Because the California Supreme Court held <br />in Pardee Construction Co. v. City of Camarillo, 37 Cal.3d 465 (1984), that the failure of the <br />parties therein to provide for the timing of development resulted in a later adopted initiative <br />restricting the timing of development to prevail over the parties' agreement, it is the Parties' <br />intent to cure that deficiency by acknowledging and providing that Developer shall have the right <br />(without obligation) to develop the Project Site in such order and at such rate and at such times <br />as Developer deems appropriate within the exercise of its subjective business judgment, subject <br />to the terms, requirements, and conditions of the Project Approvals and this Agreement. <br />Developer will use its best commercial efforts, in accordance with its own <br />business judgment and taking into consideration market conditions and other economic factors <br />influencing Developer's business decision, to commence and continue development of the <br />Project in a regular, progressive, and timely manner in accordance with the terms, <br />requirements, and conditions of the Project Approvals and this Agreement. <br />Section 2.7 Compliance with State and Federal Law. This Agreement is <br />subject to Developer's compliance with all applicable federal and State laws and regulations and <br />compliance with applicable provisions of the California Environmental Quality Act, Public <br />Resources Code sections 21000 et seq. ("CEQA"). <br />Section 2.8 Reliance on EIR. An Environmental Impact Report was prepared <br />and, on January 26, 2023, certified by City for the 6th Cycle Housing Element (P21-0751) <br />("EIR") for which the Project Site was identified as Area 22 — Merritt Property. In connection with <br />the EIR, City also adopted a Mitigation Monitoring and Reporting Program ("MMRP") as part of <br />Resolution No. 23-1357. The EIR anticipates that up to two units per acre of housing will be <br />constructed on the Project Site, and the Project with its density bonus pursuant to Cal. <br />Government Code §65915(b)(1)(C) is consistent with the General Plan and EIR. In accordance <br />with CEQA Guidelines Section 15183, the project is consistent with the development density <br />established by the General Plan policies for which an EIR was certified on January 26, 2023 <br />(SCH No. 202204009). There are no new significant effects peculiar to the proposed project or <br />its site that were not analyzed as significant effects in the Housing Element Update FEIR, there <br />are no new significant effects that were not previously evaluated in the Housing Element Update <br />FEIR and there are no new significant off-site or cumulative impacts that were not analyzed in <br />the Housing Element Update FIER. Additionally, there are no adverse impacts that are more <br />severe than those previously identified in the Housing Element Update FEIR and all applicable <br />mitigation measures from the Housing Element Update FEIR have been made a condition of <br />approval. Therefore, pursuant to CEQA Guidelines 15183, no further environmental review is <br />required. <br />Section 2.9 Subsequent CEQA Review. In the event that any additional CEQA <br />documentation is legally required for any discretionary Subsequent Approval for the Project, <br />then the scope of such documentation shall be focused, to the extent possible consistent with <br />CEQA, on the specific subject matter of the Subsequent Approval, and the City shall conduct <br />such CEQA review in a timely manner. <br />