improvement and record a parking covenant that permit restricts a portion of the parking garage. the trust exchange agreement, as mentioned, is with the state lands commission and the port and set forth the terms under which the state lands commission approves the trust exchange of the site. the maintenance agreement again guaranteeing, for 66 years, the census to waterfront partners will maintain and operate the open space improvements. the project documents have many guarantees, listing them here. significant guarantees included a guarantee as a $3 million land payment. guarantee of the replacement parking remedy, termination fee guarantee that obligates the developer to pay for a liquidated some of $250,000 should be dda and psa terminate before escrow. finally, completion guarantee for the lead-free public improvement. because of the competition from commuter parking in this area, parking for visitors is an important consideration for poor attendance in the ferry buildi
before you today, the following additional approvals must be obtained before the port will convey the transaction documents and before construction can proceed. these include state plan s approval of the trust s exchange agreement, approval by the board of supervisors of the lease, purchase and sale agreement, exchange agreement, made this agreement, the issuance of building permits that allows construction to permit. beginning with the 2008 request for proposals, on the poor, working with this development partner, the city, regulatory agencies, and numerous stakeholders, has diligently pursued and shepherded the development of seawall lot 351. because of the importance of this site to the port and city, agreements before the port commission and public contained particular provisions to ensure excellence and integrity of design, construction, and management are part of it for this highly valuable location. through the provision of market break and affordable housing, knew par
including certify the final eir, approving the general plan and zoning map and then to allow increased site, a conditional use permit pursuant to planning code, making determinations of consistency with the city s general plan, the joint adoption by the planning commission and rec and park commission of a resolution establishing an absolute commitment limit for shadows on the part, and making a shadow impact of termination after review and comment by the san francisco rec and parks apartment and this commission. in addition, the rec and park commission determined at its joint meeting with the planning commission and the shadows cast by the project on to the urban park will not be averse. based on detailed technical analysis, the additional new shadow is very small, and approximately 0.0067% of the total annual available sunlight for the park. the amount of new shadow would not significantly would not be significant, and a new shadow cast by the project would not adversely a
significant guarantees included a guarantee as a $3 million land payment. guarantee of the replacement parking remedy, termination fee guarantee that obligates the developer to pay for a liquidated some of $250,000 should be dda and psa terminate before escrow. finally, completion guarantee for the lead-free public improvement. because of the competition from commuter parking in this area, parking for visitors is an important consideration for poor attendance in the ferry building and nearby areas of the northeast waterfront. since the opening of the ferry building, parking resources have been lost, including ferry plaza, and the july 2008 closure of the pier which had 40 spaces capacity. since the closure, the port has made many changes to parking in the vicinity, including expanding valet service in front of the ferry building, expanding the availability of street parking by adding additional spaces on davis street, moving farmers trucks off the streets, especially on was
census to waterfront partners will maintain and operate the open space improvements. the project documents have many guarantees, listing them here. significant guarantees included a guarantee as a $3 million land payment. guarantee of the replacement parking remedy, termination fee guarantee that obligates the developer to pay for a liquidated some of $250,000 should be dda and psa terminate before escrow. finally, completion guarantee for the lead-free public improvement. because of the competition from commuter parking in this area, parking for visitors is an important consideration for poor attendance in the ferry building and nearby areas of the northeast waterfront. since the opening of the ferry building, parking resources have been lost, including ferry plaza, and the july 2008 closure of the pier which had 40 spaces capacity. since the closure, the port has made many changes to parking in the vicinity, including expanding valet service in front of the ferry building