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GRAND PLAN I & II 1
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GRAND PLAN I & II 1
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Entry Properties
Last modified
1/3/2012 2:54:32 PM
Creation date
7/21/2005 1:31:31 PM
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Contracts
Company Name
Grand Plan I, LLC & Grand Plan II, LLC
Contract #
A-2005-190
Agency
Planning & Building
Council Approval Date
6/20/2005
Expiration Date
6/20/2015
Destruction Year
2020
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<br />No. 2005-064. The parties understand and acknowledge that the implementation of the Entitlements <br />will require Subsequent Development Approvals, the approval, conditional approval or rejection of <br />which shall be in accordance with the Applicable Rules. The word "Entitlements" shall include an <br />interior design standard for all Residential Units of 42 dBA CNEL for purposes of attenuating noise, <br />to be met with all of the unit's windows and doors closed. For each Element that incorporates <br />Residential Units, a qualified acoustical consultant shall conduct an analysis demonstrating <br />compliance with said interior noise design standard to be submitted to the City's Building and <br />Planning Safety Agency for review and approval prior to the issuance of Utility Release(s). <br /> <br />2.22 "Final Design Documents" means the final design documents for the Public <br />Art consistent with the Public Art Plans. <br /> <br />2.23 "Fried Portion" is defined in Section 2.43. <br /> <br />2.24 "Integral" means Integral Communities I, a Delaware Corporation. <br /> <br />2.25 "General Plan" means the General Plan of the City. <br /> <br />2.26 "Inclusionary Housing Fee" is defined in Section 5.1.8. <br /> <br />2.27 "In-Lieu Park Fee" is defined in Section 5.1.9. <br /> <br />2.28 "Litigation" shall mean any lawsuit or cross-action, including the legal action <br />and/or alternative dispute resolutions described in Section 7, challenging the validity of this <br />transaction or any Element thereof or the rights of either party hereunder and/or the rights of either <br />party to engage in the acts and transactions contemplated by this Agreement. <br /> <br />2.29 "Mezzanine Lender" means a lender who provides funds for the <br />construction of the Project, or parts thereof, and takes a security interest in an asset other than the <br />Property or Project such as the ownership interest of the Owner in the Property or Project. <br /> <br />2.30 "Mortgage" means any mortgage, deed of trust, pledge, encumbrance, sale <br />leaseback, or other security interest with respect to the Property and/or Project and/or the interests of <br />the Owner in the Property and or Project and/or this Agreement, granted to a lender not affiliated <br />with Owner, made in good faith and for fair value, encumbering all or any part of the Property and/or <br />Project or Owner's interest in the Property and/or Project and/or this Agreement, given by Owner for <br />the purpose of obtaining construction financing of the Project, or any portion thereof. <br /> <br />2.31 "Mortgage Parcel" is defined in Section 8.1. <br /> <br />2.32 "Mortgagee(s)" means (i) any institutional lender that is a mortgagee or <br />beneficiary under a deed of trust, (ii) a Mezzanine lender and/or (iii) any person or entity acquiring <br />fee title under a first or second mortgage who has delivered a Mortgagee Notice to the City or any <br />transferee of the above. <br /> <br />2.33 "Mortgagee Notice" is defined in Section 8.2. <br /> <br />2.34 "Nexus" means Nexus Development Corporation/Central Division, Inc., a <br />California Corporation. <br /> <br />4 <br /> <br />DOCSOC/1 1 10339vl 1/24579-0001 <br />
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