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•r • 93103418 f' EXHIBIT C Description of Project The Project shall consist of an additional 356,000 square feet of Floor Area, and related malls and other interior common areas, in new buildingimprovements to be constructed on the Property. Such additional Floor Area shall be allocated among one or more additional department stores, one or more specialty stores and/or additional mall stores connecting the foregoing and the existing improvements on the Property, or other improvements permitted under the zoning currently applicable to the Shopping Center. The Project shall also include related alterations and additions to the exterior common area within the Shopping Center, including multi-level parking decks in order to provide adequate parking within the Shopping Center. Page 2 of this Exhibit C contains a general designation of areas within which additional building and/or parking deck improvements may be constructed as part of the Project. The actual location of such improvements may be adjusted by Developer at the time specific plans for development of the Project are completed. The Ring Road boundaries of the proposed parking structures as delineated on page 2 of Exhibit C are schematic and not drawn to scale, The actual set back distances, if any, as determined by the Developer will be subject to design review as provided in Paragraph 4.4 of the Agreement. Developer shall not be permitted to construct such additional department or specialty stores, additional mall store buildings and connecting enclosed malls in excess of the height of the highest existing department store building, mall store building or enclosed mall, respectively, currently existing in the Shopping Center. Developer shall provide, during the course of development of the Project, additional automobile parking at grade and within parking structures. Such additional parking shall be provided on the basis that aggregate automobile parking spaces within the Shopping Center, based upon total Floor Area from time to time in the Shopping Center, shall comply with the following ratios 'unless the City shall approve a lesser ratio) : (a) department stores and mall stores: 4.75 parking spaces per 1,000 square feet of Floor Area; and (b) specialty department stores: 3. 5 parking spaces per 1,000 square feet of Floor Area. Developer shall be permitted to construct parking decks, which shall not exceed three (3) structural levels above grade. Page 1 of 2