Open Space Requirements. The Project currently has an open space dedication deficiency of 0.75 acres for Block B and 0.39 acres for Block C. Under the BSD Zoning Regulations, a fee-in-lieu is required for such deficiencies. In consideration of the significant financial commitments of the Developer under this Agreement, as well as the City’s plans to develop an approximately 12-acre riverfront park immediately adjacent to the site that serves in large part to meet the open space requirements, the City will consider such fee-in-lieu satisfied.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement