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29 impacts of the entire Project as it is described in the Project Approvals. It is agreed that, in acting on any discretionary Subsequent Approvals for the Project, City shall rely on the FEIR and FEIR Addendum to satisfy the requirements of CEQA to the fullest extent permissible by CEQA and City shall not require a new initial study, negative declaration, EIR or subsequent or supplemental FEIR, or addendum to the FEIR unless required by CEQA and shall not impose on the Project any mitigation measures or other conditions of approval other than those specifically imposed by the Project Approvals and the MMRP or specifically required by the Applicable Rules. (b) Subsequent CEQA Review. In the event that any additional CEQA documentation is legally required for any discretionary Subsequent Approval for the Project, then the scope of such documentation shall be focused, to the extent possible consistent with CEQA, on the specific subject matter of the Subsequent Approval, and the City shall conduct such CEQA review as expeditiously as possible. 4.14. Developer’s Right to Rebuild. Developer may renovate or rebuild the Project within the Term of this Agreement should it become necessary due to natural disaster or changes in seismic requirements. Any such renovation or rebuilding shall be subject to the Vested Elements, shall comply with the Project Approvals, the building regulations existing at the time of such rebuilding or reconstruction, and the requirements of CEQA. ARTICLE V ANNUAL REVIEW 5.1. Annual Review. The annual review required by California Government Code Section 65865.1 (“Annual Review”) shall be conducted for the purposes and in the manner stated in those laws as further provided herein. As part of the Annual Review, City and Developer shall have a reasonable opportunity to assert action(s) that either Party believes have not been undertaken in accordance with this Development Agreement, to explain the basis for such assertion, and to receive from the other Party a justification for the other Party’s position with respect to such action(s), and to take such actions as permitted by law. The procedure set forth in this article shall be used by Developer and City in complying with the Annual Review requirement. The City and Developer agree that the Annual Review process will review compliance by Developer and City with the obligations under this Development Agreement but will not review compliance with other Project Approvals. 5.2. Commencement of Process; Developer Compliance Letter. At least fifteen (15) business days prior to the anniversary of the Effective Date each year, Developer shall submit a letter to the Director of City’s Community Development Department demonstrating Developer’s good faith compliance with the material terms and conditions of this Development Agreement and shall include in the letter a statement that the letter is being submitted to City pursuant to the requirements of Government Code Section 65865.1. 5.3. Community Development Director Review. Within thirty (30) days after the receipt of Developer’s letter, the Community Development Director shall, acting in good faith, review Developer’s submission and determine whether Developer has, for the year under review, demonstrated good faith compliance with the material terms and conditions of this Development