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FIRST AMERICAN TITLE COMPANY
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Last modified
4/17/2025 1:51:51 PM
Creation date
9/5/2024 12:55:22 PM
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Contracts
Company Name
FIRST AMERICAN TITLE COMPANY
Contract #
A-2000-081
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because this additional 1.50,000 square feet <br />will push the cumulative Project Square <br />Footage beyond 810,000 and into Level II. <br />(3) Notwithstanding subparagraphs (1) and (2) above <br />of this subparagraph e, in the event the Project Square Footage as <br />shown on Exhibit C reaches Level IV, City shall be permitted to <br />include as additional mitigation a pro-rata fair -share allocation <br />(the "Pro-Rata Fair -Share Allocation") of the costs of those Level <br />IV Off -Site Improvement Obligations as shown in the "Other" column <br />for Level IV on Exhibit "C" (the "Level IV Other Off -Site Items"). <br />The Pro -Bata Fair Share Allocation shall be calculated using a <br />ratio in which the numerator is the First American Acquisition <br />Area's contribution to the need for those improvements, and the <br />denominator is sum of (i) the contribution of the entire MacArthur <br />Place to the need for those improvements, plus (ii) the <br />contribution of other sites outside MacArthur Place to the need for <br />those improvements. The Pro Rata Fair Share Allocation shall be <br />established by the City at the time the first site plan(s) are <br />submitted for Level IV, If permitted by the EIR, the City may <br />adopt alternative mitigation for the Level IV Other Off -Site Items, <br />in which case the Pro-Rata Fair Share Allocation that is imposed <br />upon First American, or its successors under this Agreement, <br />pursuant to this subparagraph (3), shall be the Pro-Rata Fair Share <br />Allocation, calculated as provided hereinabove, of those <br />alternative mitigation measures. Notwithstanding the foregoing <br />language in this subparagraph (3) or anything else in this <br />Agreement to the contrary: <br />(a) First American or its successors shall <br />not be required to expend (or in lieu <br />thereof be charged) more than Nine <br />Hundred Thousand Dollars ($900,000) <br />toward the actual (not estimated) total <br />cost for all of the following combined: <br />Level IV of the First American Off -Site <br />Improvement Obligations, Level IV Other <br />Off -Site Items, and any Pro-Rata Fair <br />Share Allocation ("First American Maximum <br />Level IV Mitigation Requirement"), Upon <br />expenditure or payment (or combination) <br />by First American of the First American <br />Maximum Level IV Mitigation Requirement, <br />First American shall have satisfied the <br />First American Acquisition Area Off -Site <br />Improvement Obligations for Level IV, and <br />City, in its discretion, shall be <br />entitled to apply such First American <br />Maximum Level IV Mitigation Requirement <br />amount to one or more of the Level IV <br />mitigation items listed in Exhibit C. <br />(b) The City and First American, or its <br />successors under this Agreement, shall be <br />394/016555-0002/3124650.19 05/26/00 - 1 0 - <br />
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