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NOW, THEREFORE, in consideration of the mutual promises and <br />Covenants contained herein, the Parties hereto agree as follows: <br />I, Limit on new development_in the 19C. <br />The parties hereto agree and stipulate that, as of the date of <br />this Agreement, Irvine has approximately 39,846,000 square feet of <br />development within the IBC. Except as otherwise provided in this <br />Agreement, Irvine.agrees that it will not issue building permits <br />fot development in the IBC which would cause the total development <br />in the IBC (presently existing development- plus development <br />occurring after the date of this Agreement) to exceed 51,000,000 <br />square feet until -after the following street improvements, located <br />in the City of Santa Ana, have been completed: <br />(a) The widening of Dyer Road to eight (a) lanes from a point <br />commencing just east of the SR-55 freeway northbound <br />direct connector on -ramp to and including the Redhill.- <br />Dyer/Barranca Avenue intersection, as provided in the IBC <br />EIR mitigation measures (numbers l.a. and 2,p.) (the <br />"Roadway Improvements"). <br />(b) An Alton Avenue overcrossing of the SR-55 freeway with <br />high occupancy vehicle northbound and southbound drop <br />ramps, as•provided in the IBC EIR mitigation measures <br />( numbers I . d and 3 . b . ) ( the "Interchange Improvements") . <br />Irvine further agrees that in the event that, notwithstanding <br />Irvine's agreement to limit the issuance of building permits as <br />abovesaid, the total development in the IBC does exceed 51,000,000 <br />square feet prior to the completion of the Roadway Improvements 'and <br />M%1311Wi?0.0305U0M12.1 11120M 2 <br />