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EIR No. 99-01, AA No. 04-01, GPA No. 04-01, and ZOA No. 04-02 February 23, 2004 Page 7 the size of the structure, the building will become the tallest building in Orange County and become a major City landmark. Additionally, the various office, retail and restaurant activities associated with the building will result in 'the creation of a node, which is an area of compatible and intense activity (Exhibit 17). Amendment Application/Zoning Ordinance Amendment' In August 1996 the City Council adopted Ordinance No. NS-2308, creating the Midtown Specific Plan. The purpose of the plan was to establish a vision for a thriving and integrated district of civic, business, cultural 'and retail activity with a small residential component. The project site, as part of the Midtown Specific Plan, is currently located within the Broadway Corridor District. . The Broadway Corridor District includes both sides of Broadway and the west side of Sycamore Street between Tenth and Seventeenth Streets. The existing zoning designation establishes a maximum Floor Area Ratio (FAR) of 0.5 to 2.0, a maximum building height of 35 feet and 20-foot building setback along Broadway. Although the One Broadway Plaza project proposes a combination of office, restaurant, and retail uses compatible with the vision of the Midtown Specific Plan, the Midtown standards adopted in 1996 did not contemplate high-rise office developments with greater land use intensity. As a result, Caribou Industries is requesting approval of a zoning ordinance amendment to allow various amendments to the Specific Plan related to the removal of the project site from the Broadway' Corridor District (Exhibit 18). . In its place, the One Broadway Specific Development District (SD-75) zoning designation will be established. A series of site-specific objectives, policies and development standards will be used to guide the development of the tower and associated parking structure. Specifically, the SD-75 would involve the creation of development standards such as a specific building FAR of 2.9 and allow the exclusive entitlement of a 37-story landmark office tower and affiliated parking garage per the approved plan. The SD has been framed to allow the construction of the project as proposed and prohibits future modifications to'enlarge or reduce the size of the project. The SD is also intended to maintain the scale and character established by the existing structures and streetscape pattern as part of the Midtown area (Exhibit 19). 758-10