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DEVELOPMENT AGREEMENT <br />Initial 10-year term Other deal points <br />Automatic Extensions include: <br />Redevelopment of former <br />Nordstrom box and <br />construction of additional <br />commercial areas within the <br />first 7 years <br />Hotel construction within the <br />first 8 years <br />Additional extensions <br />Term and extensions <br />Non-residential <br />development <br />incentives <br />City access to open <br />spaces <br />Public art <br />Extensions for increasing gross Positive Local Impacts <br />annual general fund revenues 75E <br />generated <br />