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responsible for any necessary demolition, grading or other work necessary to prepare the Property for the Project. 2.7. Pre -Closing Work. Developer may request City approval to perform certain work upon the Property prior to the close of escrow for the Single Family PSA or commencement of any of the Ground Leases. Such work may include, without limitation, demolition of existing buildings and improvements on the Property, deposit of soil upon portions of the Property in accordance with Section 1.4.17 hereof, and other site preparation work. Such request shall be in writing, and shall include a narrative description of the work which Developer proposes to undertake and such engineering and/or architectural plans and drawings as may be required by the City and other governmental agencies with jurisdiction over such proposed work. City's approval of the requested work may be granted or denied in City's sole discretion. In the event City approves the requested work, City and Developer shall enter into a right of entry agreement in the form described in Section 2.5 hereof. Any work performed by Developer hereunder shall be at the sole risk of Developer, and City shall not be responsible to compensate Developer for any such work performed upon the Property. Developer shall comply with all laws and obtain all permits required in connection with such work. 2.8. Not a Development Agreement. The Parties acknowledge that this Agreement does not contain the required elements of a "development agreement" as defined in Government Code Section 65864, et seq. This Agreement does not address the fundamental purpose of a development agreement in that it does not grant any vested rights to the Developer or provide any assurance to the Developer that upon approval of the Project, the Developer may proceed with the Project in accordance with existing policies, rules and regulations, and conditions of approval. Instead, this Agreement provides that the Project will be required to comply with any applicable rules, regulations and policies governing permitted uses of the land, density, design, improvement and construction standards and specifications applicable to the Project, whether or not in conflict with rules, regulations or policies existing as of the date of this Agreement. Accordingly, the Parties agree that this Agreement is not a development agreement as defined in Government Code Section 65864, et seq. ARTICLE 3. [Deleted] ARTICLE 4. AMENDMENTS 4.1. Amendments. Any amendments to this Agreement shall be made in writing executed by the parties hereto, and neither Developer nor City shall be bound by verbal or implied agreements. The City Manager (or designee) shall be authorized to enter into certain amendments to this Agreement on behalf of the City in accordance with Section 9.18 hereof. 4.2. Amendments Requested by Lenders. In the event that Developer or its Lender requests any amendments to this Agreement, or any of the documents to be executed pursuant to this Agreement, the City shall reasonably consider such request. Any costs incurred by the City 35