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ATTACHMENT6 7.A. - Page 150 Enhancement Program Contribution, Community Sustainability Fund Contribution and Water Tank Contribution equal to the total amount Developer would have paid had it obtained building permits for at least 350,000 square feet of Net New Development. Any amount prepaid pursuant to this Section 1.32.1 shall be credited toward the applicable Contributions such that no further amount shall be due until the amount of the credit has been exhausted. 1.32.2 Second 10-Year Extension. In addition to the conditions in Section 1.32 above, in order to obtain the second 10-year extension ("Second Term Extension"), (a) Stanford University, the initial named developer under this Agreement, must be the fee owner of the Property or portion thereof for which the extension is sought, and (b) prior to the 20th anniversary of the Effective Date, Developer together with any successors in interest or Assignees must either collectively have (i) obtained certificates of occupancy for at least 500,000 square feet of Net New Development, or (ii) paid or prepaid to City the entirety of the Neighborhood Streets Enhancement Program Contribution, Community Sustainability Fund Contribution, Water Tank Contribution and Bus Shelter Contribution. The Second Term Extension is not available to any Assignee or successor owner to Stanford University. Any amount prepaid pursuant to clause (ii) above shall be credited toward the applicable Contributions such that no further amount shall be due. 1.33 Extension Request. If Developer desires to exercise the First or Second Term Extension, Developer must submit a letter addressed to the City Manager requesting such extension at least 210 days prior to the date that the Term otherwise would expire (the "Extension Request"). The Extension Request shall include documentation demonstrating that the applicable extension conditions described in Sections 1.32, 1.32.1, and 1.322 ("Extension Conditions") for the extension have been satisfied, or will be satisfied prior to the date that the Term otherwise would expire. Such documentation shall consist of: 1.33.1 Demolition permits, building permits and certificates of occupancy demonstrating: (a) the total square footage demolished on the Property prior to the date of the Extension Request; and (b) the Net New Development for which building permits and/or certificates of occupancy have been issued prior to the date of the Extension Request. 1.33.2 Receipts, copies of checks or other documentation demonstrating the payments that Developer has made toward the following: the Bicycle Contribution, the Neighborhood Streets Enhancement Program Contribution, the Community Sustainability Fund Contribution, the Water Tank Contribution, and the Bus Shelter Contribution. 1.33.3 Evidence of compliance with the Economic Development Contribution. 1.33.4 Current title reports or other evidence satisfactory to City demonstrating the then current fee ownership of the portion of the Property for which the extension is sought. 1.3.4 Extension Review. Upon receipt of an Extension Request, the City Manager shall review the request and place the item on an agenda to be heard by the City Council within 90 days of the date of the Extension Request. The City Council shall determine whether the OAK#4824-6359-3743 vll 9 ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT REV: 08-14-13 PT