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(5) The Developer Restaurant Element consists of the design and construction of an approximately 15,000 square foot restaurant and banquet facility; (6) The Market Element consists of the design and construction of an approximately 3,000 square foot single -story free- standing building shell to house a market or other neighborhood serving retail or service facility; (7) The Monarch Bay Drive Element consist of the redesign and reconstruction of Monarch Bay Drive in conformance with City requirements and standards; and (8) Developer's portion of the Infrastructure Element consists of the design and construction of certain improvements in the public right-of-way, which provide service and access to the Project Elements. D. City desires to advance the development of the Shoreline -Marina area to create new housing units, lodging and restaurants, new facilities to foster economic growth, and new recreational opportunities for the public, as well as promoting the productive use of property and encouraging quality development and economic growth, thereby enhancing employment and recreation opportunities for residents and expanding City's tax base. The elements of the Project to be developed by City are described below: (1) design and reconstruct Monarch Bay Park and associated publicly - accessible trail elements ("Park Element"); (2) perform demolition at the San Leandro Marina Harbor adjacent to the Property in conformance with plans approved by the City, the San Francisco Bay Conservation and Development Commission (BCDC) and other applicable agencies ("Harbor Element"); (3) reconstruct the Mulford -Marina Branch Library ("Library Element"); and (4) City's portion of the Infrastructure Element consists of the design and construction of certain improvements in the public right-of-way, which provide service and access to the Project Elements. The elements to be constructed by Developer and City are collectively referred to herein as the "Elements." E. In connection with the Developer's construction of the Project, the City desires to design and construct Monarch Bay Park, to be located on a portion of the peninsula portion of the Property. The City shall be responsible for the design and construction of surface improvements for the Park Element. Developer shall deposit engineered soil on the Park Parcel, in accordance with the requirements of Section 2.7. F. In order to facilitate construction of the Project, the City and the Developer shall enter into certain land disposition agreements, leases, access agreements, construction agreements and other definitive agreements pertaining to the sale or lease of portions of the Property and for construction of the Project, as further described in this Agreement. 2