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<br />{00149157 12} 6. <br />execution or performance of this Master Agreement by Owner or prohibit any of <br />the transactions provided for herein. <br /> <br />d. To the best of its knowledge, Owner is in compliance with all applicable federal, <br />state and local statutes, laws, ordinances and regulations including, without <br />limitation, any permits, licenses, and applicable zoning, environmental, or other <br />laws, ordinances, or regulations affecting the Owner’s Property or the <br />development thereof, as contemplated herein. <br /> <br />Article IV Land Use Controls; Phased Development <br /> <br />4.1 Phased Development; Final Plats <br /> <br />a. The Developer plans to develop the Property in phases, subject to and consistent <br />with the City Approvals and the Plans. <br /> <br />b. The Developer and the City will enter into a series of separate subdivision <br />agreements requiring the Developer to construct all necessary subdivision <br />improvements for each phase in accordance with this Master Agreement. The <br />Developer will be responsible to pay for all road, utility, water, sanitary sewer and <br />stormwater management improvements required to service each phase, except as <br />otherwise provided in this Master Development Agreement. <br /> <br />c. The Developer shall be required to provide for park dedication and/or pay park <br />fees in lieu of dedication and pay any fees required by this Master Agreement <br />applicable to each phase as confirmed in the subdivision agreement for such <br />phase. <br /> <br />4.2 Master Plan and Lot Standards <br /> <br />The Plans reflect the City Approvals of the Development. Additional terms may be <br />specified in the subdivision agreement to be executed in connection with each phase of the <br />Development, provided that such terms are consistent with the Master Agreement. Lot size, bulk <br />standards, and engineering standard flexibilities for the Development shall be confirmed with the <br />final plat of each phase based on the following lot standards, as approved by City Council, <br />subject to the Core Values specified in Section 4.3 of this Master Agreement: