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<br />III. MAXIMUM PERMITTED BUILDING DENSITY/INTENSITY <br /> <br />A. MAXIMUM DENSITIES <br /> <br />The maximum authorized building densities/intensities for the MacArthur Place District Center are <br />as follows: <br /> <br />I. 4,051,000 square feet of Floor Area of office/commercial use; plus <br /> <br />2. 624 residential units; <br /> <br />3. The maximum office/commercial density with no residential use is 4,175,000 square feet <br />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 space can be converted into and exchanged <br />for 2 hotel rooms (common areas in hotels are not calculated in the determination of <br />maximum densities). <br /> <br />b. 1,000 square feet of Floor Area of office space can be converted into and exchanged <br />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 required <br />to be substantially completed as follows: <br /> <br />(i) 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 I of the EIR shall be <br />completed prior to the issuance of any tenancy occupancy permits with respect to the last <br />building to be constructed in such phase, and the remainder of all first phase off-site <br />improvements shall be completed not later than one year following the date of issuance of <br />such tenant occupancy permit. Notwithstanding the foregoing, as a condition to such <br />one-year extension of the obligation to complete such first phase off-site improvements, <br />Developer shall deliver to City sufficient security to ensure the completion of the <br />remaining first phase off-site improvements within such one-year period; <br /> <br />5 <br /> <br />Ordinance No. NS- 2681 <br />Page 4 of 5 <br />