Residential Towers. Construction of three (3) multi-storied buildings (the "Towers") having several self-contained units (the "Apartments") to be used and enjoyed exclusively for residential purpose. The total number of such Apartments are 168 (One Hundred and Sixty Eight) in number;
Residential Towers. Developer’s portion of the Project will consist of two five- story residential towers, a flex building open for public events, and six two-story townhome- style apartments. Developer will commence construction of each tower simultaneously but anticipates that the north tower (which will include the clubhouse amenities that will serve both towers) will be completed prior to the second tower. Developer anticipates leasing the north tower and allowing tenants to move in while the south tower is being completed. Developer anticipates that the north tower will be completed during Fall 2020. Developer shall prepare and submit a logistics plan, to be approved by the City during civil improvements plan review, which details, but is not limited to, construction sequencing/schedule, access, staging, and deliveries. In addition to the requirements of Section 6.1 of this Agreement, the following must be completed prior to issuance of any Certificate of Occupancy for a residential tower: parking required for the residential tower for which the Certificate of Occupancy is sought with associated landscaping, and site lighting; all drainage infrastructure required for proper operation of the entire residential portion of the Project; emergency ingress/egress per applicable International Building Code (IBC) requirements, including any City of Flagstaff revisions; installation and maintenance of all required fire access lanes; and any items identified by the City related to the health and safety of the tenants and general public. The FUTS Trail must be completed prior to issuance Certificate of Occupancy for the south residential tower.
