RecD96 1996-138988 - Laserfiche WebLink

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7. Reconfiguration of Parcels on Property. Flatirons may at any time reconfigure, or increase the number of, the parcels comprising the Property as may be necessary to develop a particulàr Zone, or to sell, lease or finance a portion of the Property in connection with the development of the Project. Flatirons shall initiate the reconfiguration or subdivision through an application under the Existing Development Regulations. City shall accept any application submitted under this Section 7 and shall process it in accordance with the Existing Development Regulations. If no new parcels are created and the reconfigured parcels otherwise meet the requirements of the Existing Development Regulations, City shall process the application as an application for a lot line an application for a subdivision. In either case, City shall approve the application adjustment regardless of the number of lot lines adjusted or the new configuration of the existing parcels. If new parcels are created, City shall process the application as only if it is consistent with and otherwise conforms to the Existing Development Regulations, the Existing Approvals (other than the Vesting Tentative Map), and this Agreement. Except for increased fees permitted under subsection (e) of Section 9, City shall not require or impose any Exactions as a condition of, or in connection with, approval of the application. 8. The Facilities and Site Elevation. (a) Except as provided in subsection (e), City through District shall bear all costs to design and construct the Facilities, in~luding the Flatirons Facilities, and shall timely fund and complete construction of the Facilities necessary for the full -14- DV AGR0'3.rxJC August 26, 1996