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§502 Basic Concept Drawings The IAC Project shall be developed as generally established for the portion of the Franklin Street Project Site comprised by the IAC Project Site in the Basic Concept Drawings and related documents marked"Franlclin Street Master Infrastructure Plan DDA Basic Concept Drawings" dated May 19, 1999 and approved heretofore or concurrently herewith(the "Basic Concept Drawings"), except such changes as may be required by the City, as contemplated below. It is understood that the Basic Concept Drawings serve two purposes: A. To assure IAC that, when the IAC Project has received all Project Approvals and other necessary permits, it will still consist of approximately 206 residential units, up to 8,000 square feet of retail space, and related improvements, with the same basic site layout as is shown on the Basic Concept Drawings. B. To assure the Agency that the IAC Project will be built to the level of design quality illustrated in the Basic Concept Drawings which shall consist of: l. A Site plan showing buildings footprints, square footages, preliminary landscaping and parking layout plans. 'The site plan will be annotated to show the Shazed Infrastructure and the anticipated IAC Project Infrastructure, as well as design features of critical significance to the Agency. 2. A colored perspective of the IAC Project showing the basic design theme. 3. An exterior finish schedule. 4. The Franklin Street Project Guidelines attached hereto as Attachment 7. It is understood that, if the final plans approved by the City differ from the Basic Concept Drawings, the Basic Concept Drawings shall control only the basic squaze footage and uses of the IAC Project and th�$eneral site layout. Nothing herein shall require IAC to accept revisions to the Basic Concept Drawings if such revisions materially alter the design, mass, ability to timely perform or financial feasibility of the IAC Project. The Agency shall provide reasonable assistance to IAC in securing approval by the City of the Basic Concept Drawings. §503 Agency Cooperation With Processing The Agency and IAC contemplate that the Project Approvals will provide that IAC shall pay for and build the IAC Project Infrastructure, Shea will pay for and build the Shea Project Infrastructure and IAC and Shea will each pay its respective portion of the Shazed Infrastructure. These improvements are indicated on the Basic Concept Drawings. Specific requirements related to the Shared Infrastructure and IAC Project Infrastructure aze contemplated by the parties to be conditions of the Vesting Tentative Map approved for the IAC Project by the City. 22 9627:83976.25