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EXHIBIT 1 TO ORDINANCE <br /> 2. Project Description. Table 2.2-1 in Section 2.2 of the Development Agreement is <br /> replaced with the revised table set forth below. This Second Amendment is necessary to include <br /> the Riverfront Project and to update the table to reflect that the Simpson Pad and the Mill <br /> Property are either under construction or built-out. The text of Section 2.2 is hereby amended <br /> and restated as follows: <br /> The proposed development project("Project") that is the subject of this Agreement is a <br /> high quality mixed-use commercial/residential development to fulfill the City's vision for <br /> the Property as set forth in the City's Comprehensive Plan and Shoreline Master Program <br /> and the PDA, as amended. The Project includes construction of up to 355,000 square feet <br /> of mixed commercial and retail uses, up to 200,000 square feet of hotel space and up to <br /> 1675 residential units (multi- and single family) as shown in Table 2.2-1 below. The <br /> ultimate mix of uses constructed will be determined by the property owner based on <br /> market demand and the land use capacity of the Riverfront Property, subject to this <br /> Agreement and to the minimum development elements and other requirements of the <br /> PDA, as amended and the impacts analyzed under the FEIS. Preliminary targets or <br /> buildout numbers for each of the Landfill Pad, Simpson Pad and Mill Property are also <br /> included in Table 2.2-1. <br /> Table 2.2-1 <br /> Simpson Pad 1 _ e`® 1 a Mill Property <br /> Ova <br /> Retail 230,000sf <br /> Office 125,000sf <br /> Hotel 250 rooms <br /> Residential -total <br /> Condominium or 1250 <br /> multi-family <br /> Town House 190 <br /> Single Family 235 <br /> In the FEIS,the preferred alternative totals were: 800,000 sf for retail, 100,000 sf for office, 250 <br /> rooms for hotel, 1400 units for residential-total, 600 units for condominium (multi-family), 475 <br /> for townhouse, and 325 for single-family. The development described above is within the <br /> envelope of development studied under the FEIS. <br /> 3. Development Plan. <br /> A. Development Elements. Some of the elements of the plan for the Riverfront as a <br /> whole have already been accomplished by Riverfront, the City or the developers of the Simpson <br /> Pad and Mill Property. The first bullet point in Section 3.1 of the Development Agreement is <br /> replaced with the following: <br /> • Economic diversification-- creating a place to live, work, and shop, including: <br /> development of a lifestyle center with at least a total of 100,000 rentable <br /> 3 <br />