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<br />A. <br /> <br />III. <br /> <br />MAXIMUM PERMITTED BUILDING DENSITY/INTENSITY <br /> <br />MAXIMUM DENSITIES <br /> <br />The maximum authorized building densities/intensities for the MacArthur Place District Center are <br />as follows: <br /> <br />1. <br /> <br />4,051,000 square feet of Floor Area of office/commercial use; plus <br /> <br />2. <br /> <br />624 residential units; <br /> <br />3. <br /> <br />The maximum office/commercial density with no residential use is 4,175,000 square <br />feet of Floor Area. <br /> <br />The maximum densities can be converted or exchanged as follows: <br /> <br />a, 1,000 square feet of Floor Area for office <br />exchanged for 2 hotel rooms (common areas <br />determination of maximum densities). <br /> <br />space can be converted into and <br />in hotels are not calculated in the <br /> <br />b. 1,000 square feet of Floor Area of office space can be converted into and <br />exchanged for 3.23 residential units. <br /> <br />c. 1,000 square feet of Floor Area of office can be exchanged for 280 square feet of <br />retail commercial. <br /> <br />Parking structures are not included in the calculation of Floor Area. <br /> <br />The MacArthur Place District Center will be developed contingent on the installation of major <br />infrastructure improvements as set forth in the EIR. The applicable infrastructure improvements <br />corresponding to each phase of development within the MacArthur Place District Center are <br />required to be substantially completed as follows: <br /> <br />(i) <br /> <br />With respect to the first phase of the Development, fifty percent (50%) of all applicable <br />first phase off-site improvements set forth in Section 2.4 and Table 1 of the EIR shall <br />be completed prior to the issuance of any tenancy occupancy permits with respect to the <br />last building to be constructed in such phase, and the remainder of all first phase off- <br />site improvements shall be completed not later than one year following the date of <br />issuance of such tenant occupancy permit. Notwithstanding the foregoing, as a <br />condition to such one-year extension of the obligation to complete such first phase off- <br />site improvements, Developer shall deliver to City sufficient security to ensure the <br />completion of the remaining first phase off-site improvements within such one-year <br />period; <br /> <br />5 <br /> <br />Ordinance No. NS- 2681 <br />Page 4 of 5 <br /> <br />11 A-55 <br />