RDA Reso 2000-025 - Laserfiche WebLink

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5. The Agency will be required to approve every aspect of architectural design, site development, signage, and creek enhancements. Other City approvals required include approvals from the City Traffic Administrator and Engineering Department, and Alameda County Fire Department. C. Developer Responsibilities As a condition precedent to the Agency obligation to sell and convey the Site to the Developer, the Developer shall: 1. Submit to the Agency a Final Development Plan and Pro Forma for the Project, substantially consistent with the Development Concept Plan and the Redevelopment Plan. 2. Submit to the Agency construction plans for the Project based upon the Final Development Plan. 3. Submit to the Agency evidence of financing the acquisition of the Site and construction of the Project. 4. Obtain all Agency and City approvals of all design plans and construction permits for the Project, including building permits. 5. Pay all fees and charges of the City of San Leandro in connection with the processing and consideration of the City permits and approvals required for the Project. Presuming that the above conditions are met, and subject to the specific terms and conditions stated in the Agreement, the Developer shall: 1. Purchase the Site from the Agency for 52,513,421. 2. Develop, construct and open the Project in accordance with the Scope of Development in the DDA and within the time frame specified in the Agreement. The Project will include a ground -floor restaurant of 2,700 sq.ft. of net rentable area (NRA). Should the Developer fail to lease the 2,700 sq.ft. restaurant space within the time frame specified, then the purchase price for the Site will increase by S250,000. 3. Repay Agency loan for parking deck construction costs ( "Parking Deck Loan"), pursuant to the Agreement. The Agency will only make this loan to the .264D Keyser Marston Associates, Inc. 19096.0261002- 002.doc Page 6