No. 2241 approving a development agreement with gameday centers Southeastern, LLC and related matters

Home Browse Search

B. Construct the Parking Facility in a manner that provides for least one hundred twenty -five (125) parking spaces in addition to the spaces constructed to support the Project (the "Additional Spaces "). The amount of parking spaces necessary to support the Project as currently proposed shall be deemed to be two hundred thirty -four (234) (the "Project Spaces ") unless the Developer provides evidence to the Commission, to the Commission's satisfaction, that the Developer's Project will require less than two hundred thirty -four (234) spaces to support itself. It is the intent of the parties that the Additional Spaces be regularly available for uses unrelated to the Condo Development or the Retail Shops, such as monthly parking for employees of nearby businesses, reserved parking for individuals or for owners or tenants of nearby businesses or organizations, or hourly, daily or event parking for any purpose. Nothing in this paragraph shall require the Developer, after the Project's completion, to discriminate among potential parkers based on whether their use is affiliated with the Project provided that all of the Project Spaces have been allocated among the potential uses of the Project as contemplated by the Final Site Plans approved by the Commission pursuant to the Purchase Contract (as defined herein). C. Investigate alternatives to construct the Parking Facility in a manner to lower the amount of Construction Costs (as defined at Section 5.5) allocable per parking space, including expanding the Site footprint to the north. D. Use its best efforts to employ local contractors or subcontractors for the construction and equipping of the Project; provided however, that this requirement shall in no way prohibit the Developer from using non -local contractors if such use will result in a significant savings to the Developer. E. Refrain from seeking local public incentives for the Project other than those incentives provided for in this Agreement. F. Execute a Contract for Sale of Land for Private Development in the form set forth at Exhibit B (the "Purchase Contract "). G. Provide the necessary easements and access to allow the construction of a tunnel between the Parking Facility and the College Football Hall of Fame and/or Century Center. H. Work with the Commission and the neighboring property owners to provide a solution for the location of dumpsters servicing the properties on the same block as the Site. (This commitment does not obligate the F: DATAISHAREU.egal\Wpdata \SEPTE nomic Developmen6(lameday \Gameday Development Agreement (version 4).doe 4