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conditions set forth below, which relate to the grading process, have all been satisfied. 5. Compliance with Laws and Regulations. The DEVELOPER represents to the CITY that the proposed Development complies with all City, County, Metropolitan, state, and Federal laws and regulations, including but not limited to: Subdivision Ordinances, zoning Ordinances and Environmental Regulations. The DEVELOPER agrees to comply with such laws and regulations. 5. Rezoninq. The CITY conducted hearings to consider the rezoning of the Subject Property from R-1 Single Family Residential and R-3A Mul tiple Family Residential, to PUD Planned unit Development. The CITY agrees to rezone the Subject Property to PUD, subject to the DEVELOPER's strict compl iance with the approved plans, and the terms and conditions of this agreement. (Minor variations from the approved plans may be approved by the CITY's Design Review Committee, under the direction of the Community Development Director). Substantial departures from the approved plans will require an amendment to the Planned Unit Development, in accordance with section 17 of the Roseville Zoning Ordinance. Failure by the DEVELOPER to commence development activity, in accordance with the Final Development Plans, within one year following the final approval of this Planned Unit Development, will necessitate the approval of an extension of the development schedule by the City Council prior to the expiration of the one year period. If an extension is not applied for, the Council may instruct the Planning Commission to initiate rezoning to the original zoning district. 7. Additional Conditions of Approval. To insure that the proposed development meets the city's standards for the approval of a planned unit development, as set forth in Section 17 (Roseville) Zoning Ordinance, the Development shall also comply with the following conditions: A. Prior to the commencement of site development activities by the DEVELOPER, the DEVELOPER intending to commence activities shall have posted with the CITY a landscape bond, a letter of credit, or other security acceptable to the City in an amount equal to 150% of the cost of all site landscaping and site restoration. The specific amount of this letter of credit, bond, or other security shall be determined by the community Development Director, following the completion of all site construction plans. B. Resident or visitor parking in specifically designated for areas parking which are not are strictly