Expansion Property. All those pieces or parcels of land at Marina Bay, along Bayfront Avenue:
Expansion Property. The definition of the Premises as legally described in Exhibit A to the Lease is hereby amended to include the Expansion Area which is legally described in Schedule 1 attached hereto and depicted in Schedule 2 attached hereto. The legal description of the Original Premises is also hereby modified to exclude the approximately .27-acre area shown in Schedule 3 (the “Eliminated Area”).
Expansion Property. The Successor Agency is willing to release the Regents from those obligations under the OPA and the PILOT Agreement in consideration of the Regents' agreement (i) to make the Affordable Housing Payment described in Section 1 of this MOU, which exceeds the tax increment that the Successor Agency would have received from the Blocks 33/34 Expansion Property if the Blocks 33/34 Expansion Property were owned and developed by a taxable entity,
Expansion Property. The Infrastructure shall be constructed in compliance with (i) the Mission Bay South Infrastructure Plan (as it may be amended in accordance with its terms and consistent with the Interagency Cooperation Agreement, the "Infrastructure Plan"), which is part of the OPA and (ii) the Mission Bay South Streetscape Plan as approved by the Agency Commission on October 3, 2006 under Successor Agency Commission Resolution No. 137-2006, or as the same may be reasonably amended by the Agency Commission to accommodate technical considerations.
Expansion Property. The Successor Agency acknowledges that in approving the Redevelopment Plan, the City and the Former Agency found that the Regents had adopted a Transportation Demand Management program as Measure 12C4-l in its LRDP Findings, that such measure is substantially similar to FSEIR Measure E.47 (which is the Transportation Demand Management program the City and the Successor Agency required as described in the Mitigation Measures attached to the OPA), and that FSEIR Measure E.47 did not apply to the Regent's development of the Campus Site. In addition, in approving the 2010 MOU, the Former Agency similarly concluded that FSEIR Measure E.47 did not apply to the Regents' development of the Hospital Expansion Parcels. In light of the foregoing, the Successor Agency acknowledges that UCSF intends to extend its Transportation Demand Management program to the Blocks 33/34 Expansion Property upon acquisition and that the Successor Agency may adopt findings that extension of UCSF's Transportation Demand Management program to the Blocks based upon substantial evidence to this effect that has been provided by UCSF to the Successor Agency and that accordingly FSEIR Measure E.47 is not required for the Regents' development of the Blocks 33/34 Expansion Property.
Expansion Property. In light of the foregoing, the Successor Agency acknowledges that the Regents may at any time request that the Successor Agency adopt findings that UCSF has adopted its own UCSF mitigation measures pursuant to the requirements of CEQA for the Blocks 33/34 Expansion Property and these mitigation measures constitute an equivalent or more effective mitigation program to the mitigation program in the FSEIR based upon substantial evidence to this effect as may be provided by UCSF to the Successor Agency. The Successor Agency may delegate to its Executive Director the responsibility to review UCSF's mitigation program and make findings of equivalency. Notwithstanding any language to the contrary in this Section 3.3.3, the Parties hereby acknowledge and agree that the Successor Agency may not make any equivalency findings concerning UCSF's mitigation program for the Blocks 33/34 Expansion Property if such findings result in or require an amendment to the Infrastructure Plan unless and until FOCIL has provided its written consent thereto.
Expansion Property. During the term of the Redevelopment Plan, the OPA or the other Plan Documents, the Regents shall not construct more than (i) 500,000 gross square feet of Floor Rentable Area, in the aggregate, on the combined area consisting of the Blocks 33/34 Expansion Property, nor (ii) one Tower with a floor plate of up to 20,000 square feet within the Tower Height (as such term is defined in the Mission Bay South Design for Development) on Block 33, nor (iii) 500 parking spaces, except in accordance with the terms and conditions of Sections 3.4.3 and 3.4.4 below.
Expansion Property. 8.2.2 A grant deed is recorded in the Official Records, conveying the Blocks 33/34 Expansion Property from Current Owner to the Regents.
Expansion Property. The Development Authority agrees to enter into a separate purchase option with the Company relating to two parcels of land located adjacent to the Project Site which are described on Exhibit B attached hereto (the “Expansion Property”) and which shall grant to the Company the right or option to purchase all or any portion of such property under which the Company shall have the right or option to purchase said Expansion Property during the first three years following the date the Company receives a certificate of occupancy with respect to the Project (the “Option Period”) for a purchase price mutually agreed by the parties, but in any event no more than the appraised value of the property as determined by a certified appraisal thereof. Following the Option Period, the Development Authority agrees to notify the Company if any third party expresses an interest in acquiring one or both the Expansion Property parcels in order to give the Company an opportunity to discuss with the Development Authority the Company’s interest in acquiring such parcels. The purchase option shall be in form and substance reasonably satisfactory to the Company and the Development Authority and shall provide that upon the purchase by the Company of one of the Expansion Property parcels, such option to purchase and other obligations related to such Expansion Property shall terminate.
Expansion Property. Without Agent's consent, exercise its option to lease the Expansion Property (as defined in the Lease) under Section 6.2 of the Lease or fail to enter into an extension or renewal of any of the Philxxxx Xxxuments.
