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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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Company Name
FIRST AMERICAN TITLE COMPANY
Contract #
A-2000-081
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permitted to amend SD-43 so as to reduce <br />the maximum density on the Property and <br />in conjunction therewith to adopt a <br />revised mitigation plan pursuant to <br />appropriate CEQA documentation. <br />f. Provided that the First American Acquisition Area <br />Off -Site Improvement Obligations that are required to be completed <br />or paid for by "Developer" for the particular Level of development <br />shown on Exhibit C have been completed or paid for in accordance <br />with the provisions of subparagraph e of this Paragraph 5, City's <br />review of a request(s) for, and City's issuance of, a <br />certificate(s) of occupancy for development(s) on the First <br />American Acquisition Area, including each separate phase or Level <br />of development as shown on Exhibit C, shall be separate and <br />distinct from any request (s) for, and issuance of, a certificate (s) <br />of occupancy pertaining to or related to (i) any other phase or <br />Level of development of the First American Acquisition Area, (ii) <br />any phase of the .First American Project, or (iii) any other real <br />property whether such other real property is within or outside of <br />MacArthur Place. City acknowledges and agrees that under the <br />Applicable Documents, a request(s) for, and City's issuance of, a <br />certificate(s) of occupancy for development occurring on the First <br />American Acquisition Area, including each separate phase or Level <br />of development thereon, shall not be affected by, or conditioned <br />on, the completion or failure to complete on -site or off -site <br />improvement obligations, or any noncompliance with mitigation <br />measures or other requirements of the EIR, that pertains to or is <br />related to (A) any other phase or Level of development of the First <br />American Acquisition Area or (B) any other real property whether <br />such other real property is located within or outside MacArthur <br />Place. <br />g. (1) Subject to subparagraph (2) below of this <br />subparagraph g, City shall not, by "Municipal Financings" (as <br />defined in Section 16 of the Development Agreement) or any other <br />form of financing or payment for improvements, including but not <br />limited bond, assessment, tax, fee, or charge (collectively, <br />"Financings"), impose, either directly or indirectly, on any <br />portion of the First American Acquisition Area any obligation or <br />responsibility to pay for the First American Acquisition Area Off - <br />Site Improvement Obligations through Financings. <br />(2) Notwithstanding subparagraph (1) above of this <br />subparagraph g, City reserves the right, consistent with the terms <br />of this Agreement, to impose financial obligations on the First <br />American Acquisition Area if the following two criteria are met: <br />(A) City is permitted to impose such financial obligations pursuant <br />to the Development Agreement; and (B) such financial obligation(s) <br />is/are imposed on a City-wide basis or, if imposed on less than a <br />City-wide basis, are imposed on all non --residentially zoned <br />properties in. the City. <br />394/016555-0002/3124650.19 05/26/00 - 1 1 - <br />
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