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RecDoc 2013-166544 Conf
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RecDoc 2013-166544 Conf
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Last modified
12/10/2013 1:08:43 PM
Creation date
12/10/2013 1:05:20 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
DDA The Board of Trustees of Stanford University
Doc Num
2013-166544
Rec Date
12/10/2013
APN
054-141-220, 230, 180,; 054-1510-140, 150,160 more
Parties
The Board of Trustees
Ord Ref
2400
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including the Project, through the year 2030. However, as noted in Section 2.4 above, nothing in <br /> this Agreement is intended to provide any reservation of potable water or sanitary sewer <br /> capacity. <br /> 2.13 CEQA/Mitigation Measures. The City has prepared and certified the EIR, which <br /> evaluates the environmental effects of full development, operation and use of the Project, and has <br /> imposed all feasible mitigation measures to reduce the signi�cant environmental effects of the <br /> Project. The Parties understand that the EIR is intended to be used not only in connection with <br /> the Existing Approvals, but also, to the extent legally permitted, in connection with necessary <br /> Subsequent Project Approvals. However, the Parties acknowledge that certain Subsequent <br /> Project Approvals may legally require additional analysis under CEQA. For example, a change <br /> in the Project could require additional analysis under CEQA if the triggering conditions <br /> identified in CEQA Guidelines section 15162 are met. In the event supplemental or additional <br /> CEQA review is required for a Subsequent Project Approval, City shall limit such supplemental <br /> or additional CEQA review to the scope of analysis mandated by CEQA in light of the scope of <br /> City's discretion to be exercised in connection with the Subsequent Project Approvals. <br /> Developer acknowledges that, if the City determines based upon supplemental or additional <br /> CEQA review that the Project will result in new significant effects or substantially increase the <br /> severity of effects that were identified in the EIR, City may require additional feasible mitigation <br /> measures necessary to mitigate such impacts, provided however (except as otherwise expressly <br /> provided herein) such additional mitigation measures shall not prevent development of the <br /> Project for the uses set forth in the Precise Plan. Developer shall comply with the mitigation <br /> measures in the MMRP, which reflect the mutually agreed-upon timing of specified <br /> improvements and Developer's pro rata share of funding, where applicable. In the event further <br /> mitigation measures are identified by such additional environmental review, City may require, <br /> and Developer shall comply at its expense with, all feasible mitigation measures necessary to <br /> substantially lessen new or substantially more severe significant environmental impacts of the <br /> Project, which were not foreseen at the time of execution of this Agreement. <br /> ARTICLE 3 PUBLIC BENEFITS <br /> 3.1 Public Benefits Obligations. In consideration of the rights and benefits conferred by City <br /> to Developer under this Agreement, Developer shall perform the public benefit obligations and <br /> pay to City the Contributions set forth in this Article 3 all within the times set forth herein. <br /> 3.2 Neighborhood Streets Enhancement Pro�. Developer shall contribute $1,500,000 to <br /> the Neighborhood Streets Enhancement Program within the times set forth in Section 3.2.1 <br /> below ("Neighborhood Streets Enhancement Program Contribution"). Commencing on the <br /> second anniversary of the Effective Date, the remaining amount of Neighborhood Streets <br /> Enhancement Program Contribution shall be increased annually based on the increase in the <br /> Construction Cost Index for San Francisco over the priar one-year period, as published from <br /> time to time by the Engineering News Record ("ENR Index"). <br /> 3.2.1 Pavment. Except as otherwise provided in Section 1.3.2 above, the Neighborhood <br /> Streets Enhancement Program Contribution shall be paid by Developer to City in three <br /> installments as follows: <br /> 20 <br /> ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT <br /> REV: 08-14-13 PT <br />
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