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infrastructure facilities and other supplemental benefits in addition <br />to those available through the existing regulatory process. <br />(6-)-Many of the extraordinary and significant benefits identified as <br />consideration to City for entering into this First_ Amended and <br />Restated Development Agreement are of regional significance, <br />relate to existing deficiencies in public facilities, require Owner to <br />contribute a greater percentage of benefits than would otherwise be <br />required, and represent benefits which would not otherwise be <br />required as part of the development process. <br />LO 1.3 Owner. Owner represents and warrants that it has a legal or equitable <br />interest in the }eal areeerty-lesatedaa Ditv?f- Sar}la Aria-Califoreia-leeall <br />de6c,dbed- n Exhib4-B--altaGhed-heFete-and4nGwpsrated he ein (defined -in <br />sestien 2.6 as-the "Property"}, The Ptol)erty-is-sar-rentl"c Gtil)iecl-liy a-two-stery, <br />-75,300-square-foot hiiit(tirl0-that-wa&4ormeFty4)ome-to-the-Sequoia Athletic-gub <br />and-the-Australia"wirn-Ssheel; that-will be demolished-to-assommodate-the <br />propG6ed-proj kIF-6t8FY, 669 SpaGe J arkii) /- stniG lre that <br />saFFeMly-e*W6 on-the east?ide?f the remain as part -94he44ojerA <br />(a6 that word-isAefjned*i -sestio^2.7- of this,Agreernent)-.Pro. r s <br />1.61 4-4-Interest of Owner. Owner heFeby-represents that it has aa--egaitable <br />approved this First Amended and Restated Development Agreement <br />and is authorized to enter into this First Amended and Restated <br />Developmen t Agreement. <br />ij <br />add tioll, this First Amended and Restated Development Agreement <br />was h-"-lect of the following pAlblic -ear a*. <br />(=zk) -1:5-Planning Commission--Council Hearings. On I ebruar-y-W-and <br />March-42 20G7201_3, the Planning Commission ot- e-Gity <br />E Rlar*ningGemrissieF}, after giving notice pursuant to Government <br />Code Sections 65090 and 65091, held a public hearing to consider <br />the Owner's application for this Agreement7-The-Planning-Cemmi6 6 ion <br />6-5-W2467619\42S791554 48832v 2 5-4- <br />75A-60