Common use of Principal Components of the Project Clause in Contracts

Principal Components of the Project. The Project consists of the following elements, as well as the other elements delineated in the Project Plans, all of which are hereby approved by the City subject to the other provisions of this Agreement: (a) Demolition of the existing surface parking lot and construction of a new five-story residential/commercial mixed-use building, including fifty-seven (57) Rental Housing units on floors two through five, other uses on the ground floor and in the Subterranean Space as specified in Section 2.5(b), and roof decks for use by the occupants of the Rental Housing units and their guests. Of the 57 Rental Housing units, 16 will be singles, 25 will be one-bedroom Rental Housing units, 3 will be one-bedroom plus den Rental Housing units, and 13 will be two-bedroom units including 6 two- bedroom affordable Rental Housing units as specified in Sections 2.8.1 and 2.8.2(a); and (b) Construction of a new subterranean parking garage beneath the mixed-use building providing no less than 73 parking spaces (based on a parking demand study) and up to 83 parking spaces as shown on the Project Plans.

Principal Components of the Project. The Project consists of the following elements, as well as the other elements delineated in the Project Plans, all of which are hereby approved by the City subject to the other provisions of this Agreement: (a) Demolition of the existing commercial building and surface parking lot and construction of a new fivefour-story residential/commercial mixed-use building, including fiftyforty-seven nine (5749) Rental Housing units on floors two through fiveportions of the ground floor and upper floors, other uses on the ground floor and in the Subterranean Space as specified in Section 2.5(b), and roof decks for use by the occupants of the Rental Housing units and their guests. Of the 57 49 Rental Housing units, 16 6 will be singles, 25 will be one-bedroom Rental Housing units, 3 4 will be one-bedroom plus den Rental Housing units, ; and 13 39 will be twoone-bedroom Rental Housing units including 6 two- 5 one-bedroom affordable Rental Housing units as specified in Sections 2.8.1 and 2.8.2(a)Section 2.8.1; and (b) Construction of a new subterranean parking garage beneath the mixed-use building providing no less than 73 67 parking spaces (based on a parking demand study) and up to 83 70 parking spaces as shown on the Project Plans.