Agmt98 Pacific Shores Center - Laserfiche WebLink

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(m) The Parking Requirement for the Accessory Building Parcels shall be deemed satisfied by the parking provided for the Common Parcels and Pacific Shores may specify portions of the parking on or for Common Parcels to be allocated to and reserved for the use of a specific Accessory Building Parcel, which allocations shall be set forth in Final Development Plans. (n) The overall nwnber of parking spaces on Building Parcels shaH be limited to the Parking Requirement (as potentially adjusted per the foregoing subsections) except as follows: (i) Pacific Shores may designate additional spaces to be signed for visitor use to serve nearby Common Parcels and/or Accessory Building Parcels; (ii) Pacific Shores may request and the City may approve, by adoption or amendment of a Final Development Plan, to provide additional spaces where the City determines that they are needed; or (iil) Pacific Shores may request and the: City may approve, by adoption or amendment of a Final Development Plan, conversion of all or a portion of any area designated on Exhibit B-6 as Parking Reserve, as modified by any Final Development Plan, to parking use upon a showing by Pacific Shores that an increase in parking over the Parking Requirement is necessary to meet the parking needs of the uses on one or more Building Parcels or accessory Building Parcels. (0) In the event that a child care facility has not been built on the Accessory Building Parcel designated for such purpose by the time that fifty-five percent (55%) of the GBF A permitted for the Project has been occupied, the City and Pacific Shores shall meet to discuss alternative potential uses of such parcel and, if an agreement is reached between the City and Pacific Shores regarding a suh5rtimte use, then Pacific Shores shall make payment of mutually agreed compensation to the City for the approval of the substitute use, with such compensation to be applied by the City to the provision of child care programs, services or facilities elsewhere in the city. 5. Project Timing. (a) Subject to Section 3 Pacific Shores may develop the Building Parcels and the Accessory Building Parcels in the order and at the times Pacific Shores, in its sole ùi:Sl;rclÏuIl, ùt:t:m:s appruprialt:: bi1:SCÙ UIl Pi:1dfic Shun::s' analysb uf Lhust: fal;lurs ùt:Lt:ilnining, in Pacific Shores' judgment, the appropriate pace and timing of the development of the Project. (b) The adoption or modification of any Development Regulation or Building Regulation by City, whether by initiative or otherwise, limiting or prescribing the pace or timing of development or construction v.ithin City is in conflict with this Agreement, ., \"""\..'"".13\"""\°'"."'" 16 ,...,..-.... AT '5".