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construction of the affordable units on Parcels A and D, the applicant shall not receive a certificate of occupancy (including temporary certificate of occupancy) for any market rate unit on Parcels A or D. Prior to issuance of a certificate of occupancy (including a temporary certificate of occupancy) of the first commercial building, the applicant shall have completed the podium level on at least one of the residential buildings, or provide a deposit with the City for the pro -rata share of the affordable housing impact fee for the commercial building receiving occupancy. Prior to issuance of a certificate of occupancy (including a temporary certificate of occupancy) of the second commercial building, the applicant shall have completed construction (obtained a temporary certificate of occupancy) on at least one of the residential buildings, or provide a deposit with the City for the pro -rata share of the affordable housing impact fee for the commercial building receiving occupancy. Prior to issuance of a certificate of occupancy (including a temporary certificate of occupancy) of the final commercial building, the applicant shall have completed construction (obtained a temporary certificate of occupancy) on all of the 147 affordable housing units, or provide a deposit with the City for the pro -rata share of the remaining balance of the affordable housing impact fee for the commercial development. The affordable housing impact fee for the commercial development shall be $20 per sq. ft. based on the net new square footage of office created by the Project (503,746 sq. ft.), for an amount of $10,074,920. The Project does not result in net new square footage of retail or hotel space, therefore an affordable housing impact fee is not charged for those use types. The City shall hold the deposit(s) in a separate, interest bearing account and return the deposit(s) at the issuance of the final certificate of occupancy for the affordable housing units within each building. Should the applicant fail to complete the construction of the 147 affordable housing units within five years of the first building permit for the project, the City shall retain the pro -rata share of the deposit(s) based on the number of affordable units not completed. Alternatively, at the Developer's election, and subject to City Council approval, the unfinished affordable housing units required by a particular office building may be provided within a completed residential building(s). (For example, if a deposit is paid for Building B and the designated affordable units anticipated within one residential building (e.g. Building A) are not complete after 5 years of the first building permit issuance, but Building D has been completed, the Building B affordable units may be provided within Building D.) A one-year extension may be granted if requested prior to the expiration date. [COA][PLANNING] 5. Mitigation Measures - Provide written documentation of compliance with all required mitigation measures described in the Mitigation and Monitoring Reporting Program (MMRP) established by the certified Environmental Impact Report (EIR) prior to issuance of final certificate of occupancy. [COA][PLANNING] 6. Mitigation Improvements — Provide written documentation of compliance with all required mitigation improvements described in the Local Transportation Analysis prior to issuance of final certificate of occupancy. [COA] [ENGINEERING] ATTY/RESO.0125/PC RESO SOUTH MAIN MIXED USE PROJECT — ENTITLEMENT RESO. NO. 15908 REV: 11-03-2020 PR MUFF NO. 601 Page 13 of 38