Agmt98 Pacific Shores Center - Laserfiche WebLink

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(c) If not otherwise earlier terminated, this Agreement shall tenninate fifteen years after the Effective Date. 4. Land Use; Density; and Intensity. (a) During the term of this Agreement, the Development Regulations pertaining to the development of the Project on the Property are the Existing Development Regulations and Pacific Shores shall have a vested contractual right to develop the Project on the Property in accordance with the Existing Development Regulations, the Existing Approvals, and this Agreement. During the tern of this Agreement, once annexation is accomplished, City may control development of the Property in accordance with this Agreement. If there is any inconsistency between this Agreement and either the Existing Development Regulations or the Existing Approvals, the provisions of this Agreement shall prevail. (b) The density and intensity of land uses. the square footage of OBF A. and the height, size, and location of buildings permitted in the Project are set forth in this Agreement and the Existing Approvals. (c) Pacific Shores shall have the right to develop a maximum of 1,500,000 square feet of leasable square feet (up to 1,550,000 square feet of GBF A) for office, research and development and industrial purposes on the Building Parcels, plus up to 174,000 square feet of GBF A for special-purpose accessory structures, including retail, fitness, conference, recreational, maintenance, educational and/or child care facilities on the Accessory Building Parcels and the Common Parcels. (d) Pacific Shores shall have the right to erect buildings to a maximum height of 130 feet above mean sea level (National Geodetic Vertical Datum [NGVD], 1929) (equals elevation 100 per Redwood City Engineering Standards), subject to such further restrictions as shown on Exhibit C. (e) Notwithstanding any provision of the Existing Development Regulations to the contrary. the Existing Approvals will not expire during the term of this Agreement and, except as provided in this Agreement, City shall not modify or revoke the Existing Approvals without the prior written consent of Pacific Shores. (f) Within and among the Building Parcels, and notwithstanding anything else in Exhibits E or F to the contrary and subject to Table 4-1, Pacific Shores may modify the square footage of GBF A. and the height and location of buildings in the Project, and transfer the same, without further Approvals but subject to review by the Planning Commission in accordance with the review of Final Development Plans. If Pacific Shores merges adjacent Building Parcels, the amount of GBFA permitted on the merged parcel shall equal that permitted on the parcels being combined as provided in Table 4-1. If Building Parcels are reconfigured, Pacific Shores shall be entitled to a reallocation of GBF A pennitted ., \DOC\DDD'\DO1J\"'\CITT .... 11 ,.......... A' no..