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exercise of its subjective business judgment;provided, however, that develapm -nt:of the Property shall be subject'to copliancc w[tl;'the EX[sf[ g ApprQ�vls,appcbleSpeetfc flan and/or Spe6al Purpose;Rlart, appltcab'a Subse�ue[t �e to rt nt'Agit�c e � s � er�ti nt attc�this" y L ti ; V41—, Agreement, including the Speciai Cnndttiods and tWg4 14g a�t5- A YpproVals for the hoard of Stipervtsors to tame reY� arc s cos k�e hee[n �a ° futt tod[fic4tlort of the;County Code vt ulteh+otherycr[seltmtts or regulates the rano osdev �arrient a tr i futthera 'e..e this objective, County agrees,tl}�t o the rtt x [�xa [ eh � t[r[ ate, ► develop merit of he`Pro ert shall be exem ufrom �vtfi chn`ol rheas q y i t L S5 :1rk� rnorator[a, iricluding hmitat[ons on the nurnl er of1 uX dtngperr[iY scan lo sl eh 0 errlawe aces f whiOfaffeet-the rate, t[tnitig or sequence of &veioh-tl?et eriac�treii by fie c vote of the electorate of the Countyor the State, w11[ch wgull`stop o delay tie deeioiimettt o .. the Property in'conflict with Exist[ng:Approyals or'the prov[SIO of#1i[s Agreem i vyever; nbeoth[ng-herein shall construed to relieve the Developer &om_any t[tx[e coWlhons [n any perrnit, subdivision map or other Approval or to excuse the timely corr[plet[oriof any act; vh[ch- is required to be completed within a time period set by arty applicable code.or perin[t provisions. 2.4. Special Conditions. Development of the Property shall be subject to the Special Conditions. 2.5. Rules, Regulations and Official Policies. 2.5.1. Subject to the provisions of this Section 2.,development of the Property shall be subject to the Ordinances and such rules, regulations, and official policies applicable to such development on the Effective Date. Except as otherwise provided in this Agreement, to the extent any future changes in the Vested Elements or any future rules, Ordinances, regulations or policies adopted by the County, including initiatives, purport to be applicable to the Property but are in conflict with the terms and conditions of this Agreement, the terms of this Agreement shall prevail, unless the parties mutually agree to amend or modify this Agreement pursuant to Section 1.9. hereof. To the extent that any future changes in the Vested Elements or any future rules, Ordinances, regulations or policies adopted by the County are applicable to the Property and are not in conflict with the terms and conditions of this Agreement or are otherwise[Wade applicable by other provisions of this Section 2., such future changes in the Vested Elements or such future rules, Ordinances, regulations or policies shall be appliclble to the Property. 2.5.2. This Section 2.5. shall not preclude the application to development of the Property of changes in the Vested Elements or County laws, regulations, plans or policies, the terms of which are specifically mandated and required by changes in state or federal laws or regulations. In the event state or federal laws or regulations enacted after the Effective Date of this Agreement or action by any governmental jurisdiction other than the County prevent or preclude compliance with one or more provisions of the Existing Approvals or this Agreement or require changes in the Vested Elements or in plans, snaps or permits approved by the County, the Existing Approvals and this Agreement shall be modified, extended or suspended by the County, after notice to and consultation with the Developer and after public hearing as required by the W02-SF:FPD161481 W.2 -27- I