HomeMy WebLinkAboutZMA201100007 Proffers 2011-12-05DRAFT
Albemarle Place/Stonefield
PROFFER FORM
Date: December 5, 2011
ZMA # 2011-00007 Albemarle Place/Stonefield
Tax Map and Parcel Numbers: 061WO-03-00-019AO, 061WO-03-00-019BO, 061WO-03-00-
02300, 061WO-03-00-02400, and 61WO-03-00-02500
65.034 Acres zoned Neighborhood Model District (NMD) to be rezoned to Neighborhood
Model District (NMD)
Albemarle Place EAAP, LLC, a Delaware limited liability company, is the fee simple owner (the
"Owner") of tax map parcels 061 WO-03-00-019AO, 061 WO-03-00-019BO, 061 WO -03-00-02300,
061 WO -03-00-02400, and 061 WO -03-00-02500 (collectively, the "Property"), which is the
subject of zoning map amendment application number ZMA 2011-00007 originally submitted as
"Albemarle Place Proffer Amendment," which application name has been renamed to
"Stonefield."
Pursuant to Section 33.3 of the Albemarle County Zoning Ordinance, the Owner hereby
voluntarily proffers the conditions listed in this proffer statement, which shall be applied to the
Property if the rezoning is approved by Albemarle County. These conditions are proffered as
part of the rezoning and it is acknowledged that the conditions are reasonable.
The Albemarle Place/Stonefield project was originally approved by the County Board of
Supervisors on October 22, 2003 as ZMA 2001-007, along with proffers from the prior owner
dated October 22, 2003, and a Code of Development prepared by The Cox Company dated
October 15, 2003 (with Exhibit A to the Code of Development last revised July 8, 2010) (the
"Code of Development"). The Code of Development included an application plan (the
"Application Plan"). The improvements proposed for the Property are collectively referred to as
the "Project."
The term "Owner" as referenced herein shall include within its meaning the owner of record and
successors in interest. The term "Application Plan" refers to Exhibit A. The term "Code of
Development" refers to Exhibit B. The proffers dated October 22, 2003 that were approved with
ZMA 2001-007 were amended by proffers dated July 23, 2010 that were approved with ZMA
2008-0003 by the County Board of Supervisors on August 4, 2010, and by proffers dated August
5, 2011 that were approved with ZMA 2011-0004 by the County Board of Supervisors on
September 7, 2011. These proffers amend and supersede the proffers accepted in conjunction
with the approval of ZMA 2001-007, ZMA 2008-0003, and ZMA 2011-0004.
The headings of the proffers set forth below have been prepared for convenience or reference
only and shall not control or affect the meaning or be taken as an interpretation of any provisions
of the proffers.
1. Phasing of Improvements: The Owner shall phase development of the Project as follows:
ATTACHMENT C
Original Proffer:
Amendment: X
A. Phase 1: Phase 1 of the Project shall be composed of Blocks A, B, C and D as shown on
the Application Plan, and as shown in more detail on Exhibit A-1 attached hereto ("Phase
I"), and shall include street and utility improvements to serve the planned building
improvements contained within Phase 1. As part of Phase 1, the Owner shall design and
construct District Avenue (formerly known as Albemarle Place Boulevard and as Fourth
Street/Cedar Hill Road) ("District Avenue") from Hydraulic Road to the point where District
Avenue connects with the new planned western entrance to the Sperry Marine facility in the
location shown on the Application Plan, and as shown in more detail on Exhibit A-1. This
first phase of District Avenue shall include all supporting utility infrastructure on such street,
and shall be completed prior to issuance of a final certificate of occupancy for any buildings
within Blocks A, B, C and D. Construction of the first phase of District Avenue shall be
deemed complete when it is constructed in conformance with the plans approved by
Albemarle County or by the Virginia Department of Transportation ("VDOT"), as
applicable, and in any event the County Engineer has approved it for vehicular travel. No
more than three hundred seventy thousand (370,000) square feet of commercial space and
one hundred seventy (170) dwelling units may be constructed within the Project until the
remainder of District Avenue is constructed to the new planned intersection with U.S. Route
29 as shown on the Application Plan. Notwithstanding anything to the contrary contained in
this Paragraph 1 A, the Owner shall be permitted to utilize portions of the Phase 2 land (as
shown on Exhibit A-1) for the installation of infrastructure to serve the Phase 1 building
improvements to be constructed in Blocks A, B, C and D.
B. Phase 2: Phase 2 of the Project shall be composed of Blocks E, F and G as shown on the
Application Plan and as shown in more detail on Exhibit A-1 ("Phase 2"), and shall include
street and utility improvements to serve the planned building improvements contained within
Phase 2. As part of Phase 2, the Owner shall design and construct District Avenue from the
point where it connects with the new planned western entrance to the Sperry Marine facility
north and east through Blocks E, F and G to the new planned intersection with U.S. Route 29
as shown on the Application Plan and as shown in more detail on Exhibit A-1. This second
phase of District Avenue shall include all supporting utility infrastructure on such street and
shall be completed prior to issuance of a final certificate of occupancy for any buildings
within Blocks E, F and G. Construction of the second phase of District Avenue shall be
deemed complete when it is constructed in conformance with the plans approved by
Albemarle County or by the VDOT, as applicable, and in any event the County Engineer has
approved it for vehicular travel. Notwithstanding anything to the contrary contained in this
Paragraph 1 B, the Owner shall be permitted to utilize portions of the Phase 2 land (as shown
on Exhibit A-1) for the installation of infrastructure to serve the Phase 1 building
improvements to be constructed in Blocks A, B, C and D. Notwithstanding anything to the
contrary contained in this paragraph 1B or in paragraph 1 above, final certificates of
occupancy may be issued for buildings within Blocks A, B, C, D or E beyond the threshold
levels contained in paragraph IA, provided that the Owner (i) has constructed at least a
temporary road (at standards acceptable to the Director of Community Development)
connecting the first phase of District Avenue to the new planned intersection with U.S. Route
29, or (ii) can demonstrate during the site plan review process, through traffic analysis
acceptable to the Director of Community Development and VDOT, that additional traffic
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ATTACHMENT C
Original Proffer:
Amendment: X
from such buildings, when aggregated with the traffic generated by the uses for which
certificates of occupancy have been issued for buildings in Phase 1, will not cause the
Hydraulic Road/U.S. Route 29 intersection to fall below an acceptable level of service.
C. Landscape improvements and associated streetscape improvements to serve the planned
building improvements contained within each block shall be reviewed at the time of final site
plan review for each block. The Project shall have a consistently designed and planted
streetscape along Route 29 and Hydraulic Road.
2. Community Development Authority Participation: Upon request by the County, the
Owner shall petition for and consent to all tax map parcels used for non-residential purposes
participating in a Community Development Authority ("CDA") established pursuant to
Section 15.2-5152, et seq. of the Code of Virginia ("Code") to be created for the purpose of
implementing Route 29 regional transportation improvements, including but not limited to
transportation improvements within the "Super Block" (the geographical area bounded by
Route 29, Hydraulic Road, Commonwealth Drive, and Greenbrier Drive) and intersectional
improvements associated therewith.
3. Cash Proffer for Route 29 Regional Transportation: The Owner will make a cash
contribution to the County for the MPO/29H250 Phase 2 Route 29 regional transportation
study in the amount of One Hundred Thousand Dollars ($100,000.00). The cash contribution
shall be made by the Owner within thirty (30) days upon request by the County. This proffer
has been satisfied.
4. Cash Proffer for City of Charlottesville Traffic Calming Improvements: The Owner
shall contribute Ten Thousand Dollars ($10,000.00) to the City of Charlottesville for the
construction by the City of traffic calming improvements on Swanson Road, Cedar Hill Road
and other City streets intersecting Hydraulic Road in the vicinity of Stonefield. The cash
contribution shall be made by the Owner within thirty (30) days upon request by the City. If
the traffic calming improvements are not implemented by October 15, 2007, all unexpended
funds shall be refunded to the Owner. The City constructed the traffic calming
improvements, and requested the prior owner of the Property to pay the contribution on
November 9, 2005, but there are no immediately available records that such contribution was
ever received by the City. Upon evidence of prior payment of such funds that is satisfactory
to the County, the requirements of this Paragraph 4 shall be deemed satisfied. In the event
the Owner has not produced such evidence to the County by March 31, 2010, the Owner
shall contribute the funds to the City within thirty (30) days of a written request from the
City, provided that such request is made no sooner than April 1, 2011. At the time such
funds are delivered to the City, the Owner shall provide notice of such payment to the
County.
5. Cash Proffer for Charlottesville Area Transit ("CAT") Commercial Corridor "Jitney
Service": Upon the request of the County, the Owner shall contribute Twenty Thousand
Dollars ($20,000.00) per annum or an amount equal to twenty percent (20%) of the annual
operating and maintenance costs, whichever is less, for a period not to exceed five years for
operating and/or maintaining a dedicated "jitney bus" service to retail commercial
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ATTACHMENT C
Original Proffer:
Amendment: X
developments, including Stonefield, along the Route 29 Corridor. If the CAT "jitney
service" is not placed into operation by the date of issuance of the first occupancy permit for
a commercial building in Stonefield, then the Owner shall contribute Seven Thousand
Dollars ($7,000.00) per annum, for a period not to exceed five years, to CAT for costs
associated with operating existing CAT bus route(s) that provide service to Stonefield.
6. Cash Proffer for Capital Improvements: The Owner shall contribute One Million Five
Hundred Thousand Dollars ($1,500,000.00) (hereinafter referred to as the "Total
Contribution") to the County for the purpose of funding capital improvements related to
Stonefield. The contribution shall be paid as follows: (a) Three Hundred and Seventy Five
Thousand Dollars ($375,000.00) shall be contributed to the County within thirty (30) days
after the first final site plan or subdivision plat containing residential dwelling units is
approved for Stonefield; (b) an additional Three Hundred and Seventy Five Thousand
Dollars ($375,000.00) of the total contribution shall be contributed to the County prior to the
issuance of a certificate of occupancy for the first residential dwelling unit in Stonefield, and
(c) the remaining Seven Hundred Fifty Thousand Dollars ($750,000.00) of the Total
Contribution shall be paid on a pro rata basis of Three Thousand Dollars ($3,000.00) per
residential dwelling unit at the time certificates of occupancy are issued for the first two
hundred fifty (250) dwelling units. No additional contribution shall be required for the next
two hundred fifty (250) dwelling units.
If, five (5) years from the date of approval of the first final site plan or subdivision plat for
residential dwelling units, the Total Contribution has not been fully paid, the balance of the
Total Contribution shall be contributed to the County within thirty (30) days upon request by
the County. If this fund has not been exhausted by the County for the stated purpose within
five (5) years from the date the last contribution is made, all unexpended funds shall be
refunded to the Owner.
In addition to the foregoing, after building permits have been issued for the first five hundred
(500) dwelling units within Stonefield, the Owner shall pay to the County Three Thousand
Dollars ($3,000.00) prior to the issuance of a building permit for each new residential
dwelling unit thereafter.
7. Construction of Frontage improvements on Route 29 and Hydraulic Road: At its
expense, the Owner shall plan, design, bond and construct travel lane improvements to be
dedicated for public use on its Hydraulic Road and Route 29 frontage. The design shall be
submitted with the first site plan for the initial phase of Stonefield. The subject frontage
improvements are depicted by Exhibit F, "Short Term Route 29 Transportation
Improvements." The County may require these improvements to be completed as a
prerequisite to the issuance of any certificates of occupancy. The construction of the subject
improvements shall be deemed complete when they are constructed in conformance with the
plans approved by VDOT and opened to public use as approved by VDOT.
8. Construction of Off -Site Improvements: Upon request by the County or as provided
herein, the Owner shall plan, design, bond and construct off-site transportation improvements
in the County and the City, as depicted on Exhibit F, "Short Term Route 29 Transportation
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ATTACHMENT C
Original Proffer:
Amendment: X
Improvements". If the improvements are required to be constructed, the County may require
these improvements to be completed as a prerequisite to the issuance of any certificates of
occupancy. Construction shall be deemed complete when the improvements are constructed
in conformance with the plans approved by VDOT and opened to public use as approved by
VDOT.
A. Off-site Improvements in the County at the Northwest Quadrant of the
Hydraulic Road/Route 29 Intersection. The engineering, plats and construction
documents for off-site improvements in the County shall be submitted with the first final
site plan for Phase 1 of Stonefield.
B. Off-site Improvements in the City at the Northeast Quadrant of the Hydraulic
Road/Route 29 Intersection (numbered items 4 and 11 on Exhibit F). The Owner shall
submit the engineering, plats and construction documents (the "Plans") for the
improvements in the City of Charlottesville to the City of Charlottesville within sixty (60)
days after the first final site plan for Phase 1 of Stonefield is submitted to the County. The
Owner shall diligently pursue approval of the Plans in the City. If the City does not
approve the Plans within six (6) months after the first final site plan for the first phase of
Stonefield is approved by the County, the Owner shall not be required by this proffer to
construct any improvements for which approvals have not been obtained. The Owner shall
not be required by this proffer to acquire or otherwise pay for right of way in the City for
these improvements.
If the improvements are required to be constructed, the Owner shall complete
construction of the improvements for which right of way is available within twelve (12)
months after the issuance of the first certificate of occupancy within Stonefield.
Construction shall be deemed complete when the improvements are constructed in
conformance with the plans approved by VDOT and opened to public use as approved by
VDOT.
This Paragraph 8(B) is subject to the terms of Paragraph 14, "Substituted Transportation
Improvements."
9. Reservation and Dedication of land for Regional Route 29 and Hydraulic Road
Intersection Improvements: The Owner shall reserve for the future dedication to the
Commonwealth of Virginia certain land on the Property in the County for certain short-term
transportation improvements for the Route 29 and Hydraulic Road intersection (the "Short -
Term Route 29/Hydraulic Road Improvements") as follows: (a) the land shown as "Parcel A
6,511 S.F." on the plat of Kirk Hughes and Associates dated March 3, 2009, last revised
March 25, 2010, which plat is attached hereto as Exhibit H; and (b) any portions of the
parcels shown as "Parcel One Future Right of Way 1,117 SY.," "Parcel Two Future Right of
Way 9,079 S.F.," "Parcel Four Future Right of Way 1,660 S.F.," and "Parcel Five Future
Right of Way 790 S.F.," on the Official Map adopted by the County on December 2, 2009, a
copy of which Official Map is attached hereto as Exhibit I, that are required by VDOT for
the Short -Term Route 29/Hydraulic Road Improvements (collectively, the "Short -Term
Improvements Dedication Area"), provided, however, that the subdivision plats depicting the
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ATTACHMENT C
Original Proffer:
Amendment: X
Short -Term Improvements Dedication Area are subject to final approval by the County
Department of Community Development and that the precise boundaries and size of the
Short -Term Improvements Dedication Area may be adjusted accordingly.
The Owner shall dedicate the Short -Term Improvements Dedication Area to the
Commonwealth of Virginia in fee simple by October 1, 2010, or within thirty (30) days after
the County approves the subdivision plat necessary to dedicate the Short -Term
Improvements Dedication Area, whichever is first to occur. In addition to the dedication of
the Short -Term Improvements Dedication Area, the Owner shall dedicate and convey all
necessary drainage and construction easements for the Short -Term Route 29/Hydraulic Road
Improvements. If the Short -Term Improvements Dedication Area is not dedicated and
conveyed as part of a subdivision plat, the Owner shall pay all costs of surveying and
preparing legal documents in a form acceptable to the Office of the Attorney General
necessary to dedicate and convey the Short -Term Improvements Dedication Area land.
After dedication and until the subject regional transportation improvements are funded for
construction, the Owner shall, at the request of the County, and with the consent of the
Commonwealth of Virginia, maintain the Short -Term Improvements Dedication Area land
until requested by the County to no longer do so provided the Owner is granted the right to
the exclusive use of the land for landscaped open space, a pocket park, temporary parking,
fencing, signage, utilities or other purpose as may be approved with the final site plan for the
first phase of Stonefield. Upon being requested by the County to no longer maintain the
land, the Owner shall cease all use of the land and remove all improvements established by
the Owner that the County requests be removed.
In the event that the adopted design for future public intersection improvements does not
require the utilization of all of the Short -Term Improvements Dedication Area land, upon the
Owner's request, the residual portion of the dedicated land shall be transferred to the Owner
at no expense to the Owner. The deed(s) of dedication for the Short -Term Improvements
Dedication Area may provide for such conditions.
10. Reservation and Dedication of Additional Land for Route 29 and Hydraulic Road
Intersection Improvements: The Owner shall reserve for future dedication to the County,
subject to the conditions herein below, certain additional land on the Property for the right of
way for future Hydraulic Road and Route 29 related regional transportation improvements
(the "Long -Term Route 29/Hydraulic Road Improvements") as follows: (a) the area shown
as "Parcel Al 1,432 S.F." on Exhibit H; and (b) any portions of the parcels shown on Exhibit
I that were not previously dedicated to the Commonwealth of Virginia for the Short -Term
Route 29/Hydraulic Road Improvements pursuant to the Paragraph 9 herein (collectively, the
"Long -Term Improvements Dedication Area") provided, however, that the subdivision plats
depicting the Long -Term Improvements Dedication Area are subject to final approval by the
County Department of Community Development and that the precise boundaries and size of
the Long -Term Improvements Dedication Area may be adjusted accordingly.
The Owner shall dedicate the Long -Term Improvements Dedication Area to the County
within ninety (90) days after the County's request for such dedication, and such dedication
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ATTACHMENT C
Original Proffer:
Amendment: X
shall include the dedication and conveyance of all necessary drainage and construction
easements for the Long -Term Route 29/Hydraulic Road Improvements. If the Long -Term
Improvements Dedication Area is not dedicated and conveyed as part of a subdivision plat,
the Owner shall pay all costs of surveying and preparing legal documents in a form
acceptable to the County Attorney's Office necessary to dedicate and convey the Long -Term
Improvements Dedication Area.
Until the Long -Term Improvements Dedication Area land is dedicated, the Owner shall
maintain the land and shall retain the right to the exclusive use of the land for landscaped
open space, a pocket park, temporary parking, fencing, utilities or other purposes as may be
approved with the first final site plan for Phase 1 of Stonefield.
The conditions on the subject reservation and dedication shall be as follows:
(a) In the event that the adopted design for future public intersection improvements does not
require the utilization of all of the Long -Term Improvements Dedication Area land, upon
request of the Owner the residual portion shall be released by the County from the
reservation or, if the land has been dedicated, upon request of the Owner title shall be
transferred back to, and for the use of, the Owner at no expense to Owner. The deed(s)
of dedication for the Long -Term Improvements Dedication Area may provide for such
conditions.
(b) The design and construction of the Long -Term Route 29/Hydraulic Road Improvements
shall substantially maintain the access, function, and continuity of service of the planned
intersection of Swanson Road (Extended) and existing Hydraulic Road into Stonefield at
the location of the existing Swanson Road and Hydraulic Road intersection; otherwise
this proffer becomes null and void.
11. Signalization of Hydraulic Road and Route 29 Intersections: The Owner shall be
responsible for traffic signalization improvements as follows:
A. The Owner at its expense shall engineer, bond, and construct traffic signalization
improvements at the intersection of District Avenue and Hydraulic Road. The traffic
signalization improvements at this intersection shall be constructed when the County or
VDOT request installation of such, but in any event prior to the issuance of a certificate of
occupancy for any building in Blocks A, B, C or D, provided that such signal is warranted by
the traffic volumes or is otherwise approved by VDOT.
B. Owner at its expense shall engineer, bond and construct traffic signalization
improvements at the intersection of District Avenue and U.S. Route 29. The traffic
signalization improvements at this intersection shall be constructed when the County or
VDOT request installation of such, but in any event prior to the issuance of a certificate of
occupancy for any building in Blocks E, F or G, provided that such signal is warranted by the
traffic volumes or is otherwise approved by VDOT, provided that such signal is warranted by
the traffic volumes or is otherwise approved by VDOT.
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ATTACHMENT C
Original Proffer:
Amendment: X
12. Commonwealth Drive Connection: Upon demand of the County, but no earlier than the
issuance of a building permit for any building within Block F, the Owner shall reserve right-
of-way along the northern edge of the parking lot in Block F of the Property for a future
street connection to Commonwealth Drive through the "Conidial Property" (TM 61W-3-18).
The future connection will be a two lane facility.
Upon the request of the County, the Owner shall engineer, bond and construct both the on-
site and the off-site portions of the connection to Commonwealth Drive on the "Comdial
Property" provided that easements and acquisition of right-of-way as may be necessary for
such construction for the connection through off-site properties for this improvement have
been granted at no cost to the Owner, and the request for such connection through the off-site
property is made by the County prior to October 15, 2020. Upon the request of the County,
the connection shall be completed by the Owner within twelve (12) months from the date of
satisfaction of the conditions as set forth above.
13. Other "Super Block" Street Connections: The Owner shall reserve land and grant
construction and permanent access easements or right of way at no expense to the County for
the purposes of future construction (by others) of inter -parcel street connections within the
"Super Block" at the following locations; Houston Street (formerly known as First Street)
(to west to Commonwealth Drive), Blackbird Lane (formerly known as Third Street) (to west
to Commonwealth Drive), District Avenue (formerly known as Cedar Hill Road Extended)
(in Block F north to "Comdial Property"), District Avenue (formerly known as Fourth Street)
(between Blocks F and G north to "Conidial Property"), Swanson Road Extended (to north to
"Sperry Property") and at two additional locations into Sperry Property.
The locations for easement or right of way reservation and dedication are as generally
depicted on Exhibit A and labeled thereon as "Future Extension." However, the locations
and numbers of such inter -parcel street connections may be modified by the Owner upon a
variation granted by the County Planning Director. These easement or right of way locations
shall be identified, platted and dedicated at the request of the County in conjunction with
subsequent site plan applications for Stonefield.
14. Substituted Transportation Improvements.
A. In lieu of constructing the improvements referenced in Paragraph 8(B) herein, which
Paragraph 8(B) refers to certain off-site improvements in the City of Charlottesville at the
northwest quadrant of the Hydraulic Road/Route 29 intersection, and also other
improvements along the City side of Route 29 between Hydraulic Road and Greenbrier
Drive, which improvements are collectively hereinafter referred to as the "Paragraph 8(B)
Improvements", the Owner may elect, in its sole discretion, and on the terms and conditions
contained in this Paragraph 14, to contribute cash to the City for certain transportation
improvements in the City known as the "Rte. 29/250 Bypass Interchange Improvement
Project" identified as VDOT and City project number 0029-104-248 (the "Substituted
Improvements Project").
ATTACHMENT C
Original Proffer:
Amendment: X
B. In the event the Owner elects to contribute cash toward the Substituted Improvements
Project (the "Owner's Contribution") in lieu of constructing the Paragraph 8(B)
Improvements, the following terms shall apply:
1. The Owner shall notify the County's Director of Community Development (the
"Director") in writing of its election within sixty (60) days after the approval of.the first final
site plan for Phase 1 of Stonefield (the "Notice"). The Owner shall also send a copy of the
Notice to the City Development Services Manager at the same time it is sent to the Director.
2. The submission of the Notice to the Director shall suspend the deadline for the Owner
to submit the Plans (as "Plans" is defined in Paragraph 8(B)) to the City, if applicable.
3. The amount of the Owner's Contribution to the Substituted Improvements Project
shall be subject to a written agreement between the Owner and the City (the "City
Agreement"). Within ten (10) days after full execution of the City Agreement, the Owner
shall provide a copy of the City Agreement to the Director.
4. Within six (6) months after the Notice is sent to the Director, or within sixty (60) days
after execution of the City Agreement, whichever is later to occur, the Owner shall contribute
a portion of the Owner's Contribution to the City in the amount of One Million Dollars
($1,000,000), less any amounts credited by the City and VDOT to the Owner for planning
and design work on the Paragraph 8(B) Improvements (the "Net Contribution"). The Net
Contribution may be in the form of cash or a letter of credit issued by a bank approved by the
City, or a combination thereof. The City Agreement shall set forth the terms of and schedule
for draw down of the Net Contribution.
5. In the event that the Substituted Improvements Project is terminated, or has not
otherwise been completed (as described herein) within thirty-six (36) months after the City
receives the Net Contribution (which thirty-six (36) month period may be extended by
mutual agreement of the Charlottesville City Manager and the Albemarle County Executive),
and upon the City's refunding of the Net Contribution to the Owner pursuant to the City
Agreement, the Owner shall forward funds equal to Five Hundred Thousand Dollars
($500,000) to the County for funding transportation improvements in the vicinity of the U.S.
Route 29/Hydraulic Road intersection identified in the County's Capital Improvements
Program. In the event such funds have not been expended by the County for the stated
purpose within ten (10) years from the date the funds were contributed to the County, all
unexpended funds shall be refunded to the Owner. Construction of the Substituted
Improvements Project shall be deemed complete when the improvements are accepted by the
appropriate public entity or are bonded for the entity's acceptance.
6. Notwithstanding the provisions of Paragraph 14(B)(5) herein, upon the City's receipt
of the Net Contribution, the Owner shall be relieved of any obligation to construct the
Paragraph 8(B) Improvements.
(Signature Page Immediately Follows)
0
ATTACHMENT C
Original Proffer:
Amendment: X
WITNESS the following signature:
ALBEMARLE PLACE EAAP, LLC,
a Delaware limited liability company
By: Edens Albemarle, LLC,
a South Carolina limited liability company, its manager
Jodie W. McLean, President
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ATTACHMENT (