Alternative Development Plan C Sample Clauses

Alternative Development Plan C. If the City approves the Phase 1A Rezoning but does not approve the Phases 1B and 2 Rezoning, then, in addition to the provisions of Subsection V.G.3 below, the following alternative development plan (“Alternative Development Plan C”) will be pursued: 1. The Developer will construct and own Building A consisting of between 14,000 and 51,000 square feet for retail and office uses, the construction of which shall Commence when commercial financing can be obtained therefor. 2. The City will enter into a lease/purchase agreement for the contemporaneous construction by the Developer of a one story building ultimately to be owned by the City, Building C, consisting of 6,000 gross square feet without interior build out, to include a library and such other uses as the City intends. The financing for such lease/purchase agreement shall also include the cost of the Public Infrastructure constructed and installed by the Developer.