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Neither Shea nor Agency shall be liable for any real estate commissions or brokerage fees that may be claimed under this Agreement. Shea and Agency each represents that it has not engaged any broker, agent or finder in connection with the transactions contemplated in this Agreement. The liability of the Escrow Agent under this Agreement is limited to performance of the obligations imposed upon it under this article. §406 Recordation of Grant Deed or Grant Deeds Upon the close of Escrow, the Escrow Agent shall file the Grant Deed or Grant Deeds for recordation among the land records in the Office of the County Recorder for San Marco County, shall deliver the applicable purchase price, less the applicable portion of the Letter of Credit, Cash Deposit or Cash Substitute, pursuant to Section 307 of this Agreement and other required sums to Agency and shall deliver to Shea a title insurance policy or policies insuring title irt conformity with Section 314 of this Agreement. Article 5. DEVELOPMENT OF THE SHEA PROJECT §501 Scope of Development The Shea Project shall be designed and developed in one or more phases as an integrated residential, office and retail complex as shown in Attachments 4(a) and 4(b). The buildings shall be designed with architectural excellence consistent with the Basic Concept Drawings. The space around the buildings shall be designed, landscaped and developed to the same level of architectural excellence. All development shall conform to the applicable City codes and standards, as set forth in the Project Approvals. §502 Basic Concept Drawings The Shea Project shall be developed as generally established for the portion of the Franklin Street Project Site comprised by the Shea Project in the Basic Concept Drawings and related documents marked "Franklin Street Master Infrastructure Plan DDA Basic Concept Drawings" dated May 19, 1999 and June 18, 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 Shea that, when the Shea Project has received all Project Approvals and other necessary permits, it will still consist of approximately 300 residential units, approximately 40,560 square feet of office and retail space and related improvements, and 35,000 square feet of replacement for commercial/warehouse space with the same basic site layout as is shown on the Basic Concept Drawings. B. To assure Agency that the Shea Project will be bu/~lt to the level of design quality illustrated in the Basic Concept Drawings which shall consist of: 1. A site plan showing buildings footprints, square footages, preliminary landscaping and parking layout plans. The site plan will be annotated to show the Shared Infrastructure and the anticipated Shea Project Infrastructure, as well as design features of critical significance to Agency. 23 wc-21875