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2.8.2. 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 as expeditiously as possible. <br />2.9. Developer's Right to Rebuild <br />Developer may renovate or rebuild the Project within the Term of this Agreement should <br />it become necessary due to natural disaster, changes in seismic requirements, or should the <br />buildings located within the Project become functionally outdated, within Developer's sole <br />discretion, due to changes in technology. Any such renovation or rebuilding shall be subject to <br />the Vested Elements, shall comply with the Project Approvals, the building regulations existing <br />at the time of such rebuilding or reconstruction, and the requirements of CEQA. <br />2.10. Prohibition on Condominium Conversions <br />Although this agreement accords development of the project through a condominium <br />vesting tentative map, as identified in section 1.4.5 above, Developer understands and agrees <br />that, during the Term of this Agreement, Developer shall not seek and the City will not approve <br />an application to convert the Project into any future subdivision of any or all individual buildings <br />upon the Iot into individual condominium units. <br />ARTICLE 3. <br />ANNUAL REVIEW <br />3.1. Annual Review <br />The annual review required by California Government Code Section 65865.1 shall be <br />conducted for the purposes and in the manner stated in those laws as further provided herein. As <br />part of that review, City and Developer shall have a reasonable opportunity to assert action(s) <br />that either Party believes have not been undertaken in accordance with this Development <br />Agreement, to explain the basis for such assertion, and to receive from the other Party a <br />justification for the other Party's position with respect to such action(s), and to take such actions <br />as permitted by law. The procedure set forth in this article shall be used by Developer and City <br />in complying with the annual review requirement. The City and Developer agree that the annual <br />review process shall review compliance by Developer and City with the obligations under this <br />Development Agreement but shall not review compliance with other Project Approvals. <br />3.2. Intentionally omitted <br />3.3. Commencement of Process; Developer Compliance Letter <br />At least fifteen (15) days prior to the anniversary of the Effective Date ea&year, <br />Developer shall submit a letter to the Director of City's Community Development Department <br />demonstrating Developer's good faith compliance with the material terms and conditions of this <br />Development Agreement and shall include in the letter a statement that the letter is being <br />submitted to City pursuant to the requirements of Government Code Section 65865.1. <br />10 <br />