(A) If the City Council finds, based upon sub-stantial evidence in the record, that any project for which a tentative map or a vesting tentative map has been approved will be affected by a previously enacted initiative measure to the extent that there is likely to be a default on land-secured bonds issued to finance infrastructure on the project, the City Council shall allow that portion of the project served by the infrastructure to proceed in a manner consistent with the approved tentative map or vesting tentative map.
(B) For purposes of this section land-secured bond means any bond issued pursuant to the Improve-ment Act of 1911, Cal. Sts. & High. Code §§ 5000 et seq. (Division 7), the Municipal Improvement Act of 1913, Cal. Sts. & High. Code §§ 10000 et seq. (Division 12), the Improvement Bond Act of 1915, Cal. Sts. & High Code §§ 85001 etseq. (Division 10), or the Mello-Roos Community Facilities Act of 1982, Cal Gov't Code §§ 53311 et seq. (Chapter 2.5 of Part 1 of Division 2 of Title 5), so long as the bond was issued and sold at least 90 days before the proposed initiative was adopted by either popular vote at an election or by ordinance adopted by the legislative body.
(C) Notwithstanding subdivision (A), the City Council may condition or deny a permit, approval, extension, or entitlement if it determines any of the following:
(1) A failure to do so would place the residents of the subdivision or the immediate community, or both, in a condition dangerous to their health or safety, or both;
(2) The condition or denial is required, in order to, comply with state or federal law.
(D) An approved or conditionally approved tentative or vesting tentative map shall be subject to the periods of time set forth in Cal. Gov't Code § 66452.6.
(E) The rights conferred by this section shall expire if a final map is not approved prior to the expiration of the tentative map or of the vesting tentative map.
(F) An approved or conditionally approved tentative map or vesting tentative map shall not limit the City Council from imposing reasonable conditions nonsubsequent required approvals or permits necessary for the development and authorized by the ordinances, policies and standards described in Cal. Gov't Code §§ 66474.2 or 66498.1 or other applicable provisions of the Map Act.
('86 Code, § 22.60.080) (Ord. 4120, passed - - )