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E. Pursuant to Section 2.4.3.1 of the SMDC, to prescribe land uses, environmental <br />standards, development standards, and public facilities standards governing the <br />Property during the term of this Agreement. <br />NOW THEREFORE, the City and Owner in consideration of the premises, the mutual <br />covenants and agreements of the Parties hereinafter set forth, and other good and <br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged by <br />the Parties, agree as follows: <br />SECTION I. GENERAL TERMS AND CONDITIONS <br />1.01 Conceptual Land Use Plan <br />A. The City hereby approves the general use and development of the Property in <br />accordance with the Conceptual Land Use Plan, which is incorporated herein as <br />Exhibit "B". The Conceptual Land Use Plan shall constitute the land use plan <br />under Section 2.4.3.3 of the San Marcos Development Code ("SMDC"). The <br />Conceptual Land Use Plan may be amended from time to time in accordance with <br />the processes and procedures outlined in Section 2A.3.7.0 of the SMDC or as <br />stated in Section 2.04 below. Development applications for the Property shall be <br />consistent with the Conceptual Land Use Plan. <br />1.02 Proposed Schedule of Development and Phasing <br />A. The Property will be developed in one (1) phase. <br />1.03 Base Zoning District(s) <br />A. The Property will be developed using "CD -5", Character District - 5 as the base <br />zoning district(s). <br />1.04 Development Standards: <br />A. All City of San Marcos codes and ordinances in effect on the Effective Date of this <br />Agreement shall govern throughout the term of this Project, except as noted within <br />this Agreement. In the event of a conflict between this Agreement and the SMDC <br />or the City's Codes and Ordinances, this Agreement shall control. <br />B. Variations and modifications to the SMDC and Other Special City Standards are <br />hereby granted and allowed as follows: <br />1. Section 5.1.4.8.6. Stating no more than three bedrooms are permitted to <br />be constructed per unit is modified as follows: <br />L Multifamily units may have up to four (4) bedrooms. <br />