FAR Shift up to 25% Over Base Sample Clauses

FAR Shift up to 25% Over Base. Stanford may exceed the FAR allowed by the 2003 Rules on one or more Designated Sites through the use of Replacement Square Footage, by an amount not to exceed twenty-five percent (25%) of the amount otherwise allowed. Furthermore, FAR may be increased on a Designated Site only if the proposed Designated Project complies with the Modified 2003 Rules, and FAR may not be increased on any Site fronting on California Avenue. Stanford may develop each Designated Site with a coverage that does not exceed thirty percent (30%) of the Designated Site, except that site coverage in areas zoned LM-5 and LM-5(D) shall not exceed twenty-five percent (25%). If Stanford has used all of its Associated Square Footage but has unused Replacement Square Footage and Stanford elects not to develop this Replacement Square Footage as a stand alone building, Stanford may use this remaining Replacement Square Footage to increase FAR of a development on another site by up to 25% of the amount otherwise allowed, but such development shall not otherwise be treated as vested under this Agreement or otherwise subject to the terms of this Agreement. If the FAR of the Designated Project does not exceed the increased FAR allowed by this Section for the Designated Site, the City shall process the application. If it does exceed the allowable FAR, the City shall permit Stanford to amend the application to reduce the Designated Project to a size that does not exceed the allowable FAR, and, if Stanford does not do so, the City may reject the application.
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