ORIENT CORPORATION OF AMERICA, INC. (2)

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the Map, except to the extent that such new requirements or conditions are necessitated by the new location of the lot lines because of Building Code requirements or other requirements of law. 9. Development of the.Property; Vesting of Development Rights. (a) General Statement. Notwithstanding any' subsequent changes to the General Plan, the Plan, the Redevelopment Plan, the Zoning of the Property, or any other change affecting the development or use of the Property, including without limitation any changes imposed by any initiative approved by the voters, and except as specifically set forth herein, Developer shall have the vested right to proceed with the development -of the Property in accordance with the Approvals and all Existing Development Regulations, as defined below.' As a material inducement to the Developer and its lenders to continue its diligence to promote the development of the Property, the City desires to cause all development rights which may be required to develop the Property to completion with buildings and related improvements consistent with the Approvals, to be deemed vested as of the date of this Development Agreement and to be free of all discretionary rights of the City, except as herein provided. Notwithstanding the foregoing, nothing set forth in this Develop- ment Agreement shall be deemed to require Developer to complete the Development. (b) Existing Development Regulations. In accordance with the terms of Government Code Section 658661 the City and the Developer agree that the ordinances, rules, regulations and official policies of the City, including the Plan (collectively, the "Existing Development Regulations") in effect as of the date of this Development Agreement governing the design, density, height, permitted land uses, timing and phasing, and other improvement and construction standards applicable to the Develop- ment shall govern during the Term of this Development Agreement. Except as otherwise provided in this Development Agreement, without Developer's written approval, no amendment to or revision of, or addition to any of the Existing Development Regulations or the Plan, whether adopted or approved by the City Council or any office, board, commission or other Agency of the Cxty, or by the people of the City through charter amendment or initiative measure, shall be effective or enforceable by the City with respect to the Development, its design, grading, construction, remodeling, use or occupancy, or schedule of development. (c) Exclusion from Definition of Existing Development egulations. As used herein, Existing Development Regulations shall not EE'