Property Development. If the Property is developed, it shall be developed according to the Approvals. Except as may be specifically provided elsewhere in this Agreement, Property Owners have no affirmative obligation to commence development of the Property or to develop it at a specified rate once the development has commenced. No modification of the County’s ordinances, resolutions, policies, rules or regulations adopted after the Effective Date, which purport to limit the rate of development over time or to govern the sequence of development of land within the Project Area, shall apply to the Property. The provisions of this subparagraph apply to modifications adopted or imposed by the County Board of Supervisors, or through the initiative or referendum process.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement