Phasing and Market Forces. The Parties cannot predict when or at what rate the Land may be developed. Such decisions depend upon numerous factors, which are not currently known and not all within the control of the Parties, such as market orientation and demand, interest rates and competition. It is the agreement of the Parties that the Developer may phase the development of the Land in such order and at such rate and times as the Developer deems appropriate. Moreover, if the Developer determines in its sole discretion to not seek reimbursement for the cost of District Funded Public Improvements, including any portion thereof, then the Developer shall not be required to construct the District Funded Public Improvements or any other District Improvements as contemplated in this Agreement or the DGP unless the Developer has otherwise committed to construct the District Funded Public Improvements or other District Improvements as a condition of a separate agreement or approval between the Developer and the City or a Participating Agency.
