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EXHIBIT B PUBLIC ART PLAN l. The Public Art shall be designed, constructed and installed by the Owner. 2. A F i na I Design Plan, with respect tn the Element for which building pcnnits are lirst issued (the "First Element"), shall be submilWd to the City's Planning Commission within Ibirty (30) days prior to the issuance of a Final Certificate of Occupancy for the First Elemcnt; thereafter a Final Design Plan fur each subsequent Element (combining Cinema Towers and the Condo/Office Project) shall be submitted to the City's Planning Commission within one hundred fifty (150) days prior to issuance of a Pinal Certificate of Occupancy for such subsequent Element (combining Cinema Towers and the Condo/Office Project). The Final Design Plan shall (i) identify one (1) or more specific items of Public Art for one (1) or more specific locations and/or application, and (ii) specify the timing of the installation of the Public Art which installation shall occur not later Iban the first (1st) anniversary dote of the City's approval of the Final Design Plan for esch respective Element, but in no event shall all required Public Art be installed later than ninety (90) days following the first utility release on the last Element to be constructed. Owner shall have comntitled, by written contract, to expend not less than One Hundred Twenty-Five Thousand Dollars ($125,000) in connection with the Public Art upon the issuance of a certificate of occupancy for each of Ibe following (i) Lake Towers, (ii) Cinema Towers andlor the Condo/Office Project, (iii) Integral, and (iv) Retail Project, but in no event exceeding on aggregate of Five Hundred Thousond Dollars ($500,000), Skyline shall be respon,ible for the Public Art for Lake Towers and GP2 shall be responsible for the Public Art for all other Elements. 3. The Public Art should invite participation and interaction, inspire. add local meaning, interpret the communily by revealing its culture or history! and/or capture or reinforce the unique character of the new place. 4. The Public Art should be constructed u..ing durable materials and finishes including but DOt limited to stone or metal. 5. 'Ibe Puhlic Art sbould be comprised of. single or grouped permanent worlc(s) at a prime localion visable to the public and sited to complement features such as pla.a or architectural components 80 that the Public Art is on intcgrsl part of the development site. 6. :-10 Public Art shall include advertising of any type, including but not limited to product.. services or businesses. 7, All Public Art shall be properly maintained at all limes, be free of any graffiti and shall not incorporate any flashing or distracting form of illumination. 8. The Owner may 8S8ign ownership, maintenance and/or repair responsibilities of the Public Art to one or more Owners' Association(s), B-1 DOC'SOC/127SS24". I 01024579-000] Ordinance No. NS-2769 Page 12 of 16