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EXHIBIT C <br /> <br /> Description of Pro~ect <br /> <br /> The Project shall consist of an additional 356,000 <br /> square feet of Floor Area, and related malls and other interior <br /> common areas, in new building improvements to be constructed on <br /> the Property. Such additional Floor Area shall be allocated <br /> among one or more additional department stores, one or more <br /> specialty stores and/or additional mall stores connecting the <br /> foregoing and the existing improvements on the Property, or other <br /> improvements permitted under the zoning currently applicable to <br /> the Shopping Center. <br /> <br /> The Project shall also include related alterations and <br />additions to the exterior common area within the Shopping Center, <br />including multi-level parking decks in order to provide adequate <br />parking within the Shopping Center. <br /> <br /> Page 2 of this Exhibit C contains a general designation <br />of areas within which additional building and/or parking deck <br />improvements may be constructed as part of the Project. The <br />actual location of such improvements may be adjusted by Developer <br />at the time specific plans for development of the Project are <br />completed. <br /> <br /> The Ring Road boundaries of the proposed parking <br />structures as delineated on page 2 of Exhibit C are schematic and <br />not drawn to scale. The actual set back distances, if any, as <br />determined by the Developer will be subject to design review as <br />provided in Paragraph 4.4 of the Agreement. <br /> <br /> Developer shall not be permitted to construct such <br />additional department or specialty stores, additional mall store <br />buildings and connecting enclosed malls in excess of the height <br />of the highest existing department store building, mall store <br />building or enclosed mall, respectively, currently existing in <br />the Shopping Center. <br /> <br /> Developer shall provide, during the course of <br />development of the Project, additional automobile parking at <br />grade and within parking structures. Such additional parking <br />shall be provided on the basis that aggregate automobile parking <br />spaces within the Shopping Center, based upon total Floor Area <br />from time to time in the Shopping Center, shall comply with the <br />following ratios (unless the City shall approve a lesser ratio): <br />(a) department stores and mall stores: 4.75 parking spaces per <br />1,000 square feet of Floor Area; and (b) specialty department <br />stores: 3.5 parking spaces per 1,000 square feet of Floor Area. <br />Developer shall be permitted to construct parking decks, which <br />shall not exceed three (3) structural levels above grade. <br /> <br /> Page 1 of 2 <br /> <br /> <br />