SPECIAL MEETING AGENDA PACKET - Laserfiche WebLink

ATTACHMENT 3 until redevelopment activities are proposed for a specific parcel within the project area. With development of the JDEDZ, the project area could contain up to 535,490 square feet of occupied building space, a net increase of 310,802 square feet over the existing occupied buildings within the JDEDZ project area. It is assumed that development of the JDEDZ project area would occur in two or more phases, including an initial phase (Phase I) during which Parcels 6, 9 and 10 would be developed with hotel (132,000 square feet), club retail (148,000 square feet), and general retail (43,903 square feet) uses; and one or more future development phases. All new development would be subject to a separate and subsequent development review process (e.g. Design Review, Conditional Use Permit, Planned Unit Development, etc.) The JDEDZ will generate increased traffic, affecting the levels of service and vehicle queue length spillback in and around the project area. It should be noted that proposed mitigations in the FSEIR would result in acceptable levels of service (i.e., duration of delay in traveling through an intersection), acceptable vehicle queue spillback (i.e., backed -up traffic potentially affecting operation of an upstream intersection), and acceptable freeway ramp operations. For more detailed information related to project impacts and proposed mitigations, please refer to Chapter 4.D of the DSEIR. C Ae suers r.Y+ Chet v�rc�.aurr�� '�'rrrr'vrry-c The P-artaes-acknowledge-that goal of this T Term Sheet, the Parties will negotiate in good faith to complete final Transaction Documents that provides a level of funding --allocations sub mater other key conditions, then the Parties will negotiate in good faith to reach a fair -and -balanced agreement. D C_ Project Cost Estimate The following cost estimate for the Project was developed in early 2017: