Public Parking Facilities. (a) The Project includes the following public parking facilities ("Public Parking Facilities): (i) approximately 2,075 spaces in the RPC Commercial Building in garages (collectively, the "RPC Public Parking Facility") that are structurally and functionally integrated with the other components of the RPC Commercial Building; (ii) approximately 1,048 spaces in a garage that is structurally and functionally integrated with the other components of the Government Center Building (the "Government Center Public Parking Facility"); (iii) approximately 435 spaces in the Palisade Avenue Office Building in a garage that is structurally and functionally integrated with the other components of the Palisade Avenue Office Building (the "Palisade Avenue Public Parking Facility"); and (iv) approximately 1,349 spaces in a garage at the Xxxxxx Center Site (the "Xxxxxx Center Public Parking Facility"). In order to induce the Company to develop the Project, the Public Parking Facilities shall be owned by the YIDA or YIDA Affiliate and shall be constructed by the Company as agent of the YIDA or YIDA Affiliate pursuant to the Parking Facilities General Contract. The number of spaces in the Public Parking Facilities may be reduced by the City if acceptable mass transportation options are provided or other basis for reduction is met to the satisfaction of the City and the number of spaces to be constructed is sufficient to meet the requirements of the Zoning Ordinance. Costs savings from reduction in the number of public parking spaces in the Public Parking Facilities shall first reduce the Company's liability for any costs of construction of the Public Parking Facilities and Public Improvements in excess of the $160,000,000 aggregate net amount of the FTA Bonds and any amounts of Public Funding for such costs, and then shall reduce the aggregate total amount of the FTA Bonds.
Public Parking Facilities. The parking lots and structures constructed or installed in the Public Spaces as a part of the Public Improvements that have not been dedicated to the Town.
Public Parking Facilities. Concessionaire shall be required to operate and manage the Public Parking Facilities, which include the following: • Short-Term Hourly Parking Lot - Said lot has parking capacity for approximately three hundred (300) vehicles. • Long-Term Parking Lot - Said lot has parking capacity for approximately one thousand four hundred and five (1,405) vehicles. • Economy Parking Lot - Said lot has parking capacity for approximately seven hundred and sixty-five (765) vehicles. • Employee Parking Lot – Said lot has parking capacity for approximately one hundred and seventy-five (190) vehicles.
Public Parking Facilities. LANDOWNER shall not encumber the Improved Surface Lots that are designated for Development as either a structured parking lot or for retail, residential, office or mixed use in the Specific Plan, or Development Plan following the approval Amended and Restated Railyards Development Agreement Revision Date: 10-21-2016 of the City’s use thereof as provided in the Special Conditions by placing any deed, mortgage, lien, reciprocal access easement or other similar encumbrance that could prevent or delay the designated Development of that parcel in accordance with the Specific Plan, or Development Plan, or Project Entitlements without CITY’s prior written approval, which will not be unreasonably withheld.
Public Parking Facilities. In consideration of LANDOWNER’s financial commitments to Develop the Property for the Project as set out in the Specific Plan, Development Plan, the Phase 1 Development Plan, and the terms of this Agreement, CITY (and as may be applicable City Agency under the terms of the Owner Participation Agreement) will undertake the development of public parking facilities in accordance with the terms set out in the Funding Agreement. The development of public parking Railyards Development Agreement Revision Date: 12-05-07 facilities by CITY or City Agency for the Project will allow for a reduction in LANDOWNER’s costs for Development of the Property by reducing the amount of parking that LANDOWNER would otherwise be required to construct as a condition of the Subsequent Approvals. In consideration of such cost savings and as set out in Section 6.8.4, LANDOWNER has agreed (i) not to permit any deeds, liens, easements or other encumbrances be placed on parcels used as surface parking lots which are designated in the Roadway and Parking Phasing Plan as the location for a structured parking lot without the CITY’s prior written approval, and (ii) to transfer the land for such public parking facilities to CITY or City Agency at no cost, including funding the cost to remove any deeds, liens, easements or other encumbrances that would require payments for removal or would prevent or limit CITY or City Agency to undertake construction of the public parking facility.
Public Parking Facilities. LANDOWNER shall not encumber the surface parking lot parcels that are designated for Development as either a structured parking lot or for retail, residential, office or mixed use in the Specific Plan, Development Plan or Roadway and Parking Phasing Plan by placing any deed, mortgage, lien, reciprocal access easement or other similar encumbrance that could prevent or delay the designated Development of that parcel in accordance with the Specific Plan, Development Plan, Roadway and Parking Phasing Plan, Phasing Plan, or Project Entitlements without CITY’s prior written approval, which will not be unreasonably withheld.
