ORIENT CORPORATION OF AMERICA, INC. (2)

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connection with the Development will be financed through one or more Municipal Financing(s). For purposes of this Development Agreement, a "Municipal Financing" shall mean a sale of municipal bonds secured by special taxes pursuant to the Mello -Roos Facili- ties Act of 1982, being Chapter 2.5 of Division 2 of Title V of the California Government Code, commencing at Section 53311 thereof. If, as anticipated, the City does establish a Community Facilities District consisting of the Property pursuant to said Act, City hereby agrees to use its best efforts to sponsor the issuance of one more Municipal Financing(s) to assist in the completion and installation of such public infrastructure improvements unless the Developer and the City mutually agree to not issue such Municipal Financing(s). In the event the City shall be responsible for completing one or more portions of such improvements, City agrees to act promptly to so complete such improvements in order to avoid delays to the Development. It is anticipated that notwithstanding any Municipal Financing(s), the initial cost of the installation of the required public improvements may be borne in part by Developer. 13. Subsequent Environmental Review. In exercising its legislative discretion to enter into this Development Agreement and to commit the City to the completion of the Development, the City has reviewed and considered the potential adverse environmental impacts related to all aspects of the contemplated project, including, without limitation, the potential demands the Development will make on local and regional streets, highways, parks and recreation areas, water capacity and water lines, sewer capacity and sewer lines, flood and storm drain systems, and energy conservation, and the effect on school capacity, traffic, pedestrian safety, noise and air quality impacts. The City has further reviewed and considered from a variety of perspectives, and has analyzed pursuant to a variety of assumptions, the projected future regional and cumulative environ- mental demands that will compete with the Development for available capacities and cumulatively add to potential adverse impacts. In so doing, the City has considered among other things, the possibil- ities that: (a) Federal, local, regional and state plans, if any, for provision of new infrastructure systems o'r expansion of existing infrastructure systems may be delayed, modified or abandoned; (b) The types, intensities, and amount of future regional development may exceed or otherwise be different from that currently being planned by the City and other local agencies; and (c) Demands generated by the Development and otherwise generated in the region on infrastructure and utility improvements to be constructed as a part of the ac