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HomeMy WebLinkAboutSP-23-11 - Supplemental - 0225 0267 Market Street (4)Page 1 of 2 Large Development Area Open Space South Burlington City Center Assignment of Open Space Assignment #5 This assignment of Open Space is made pursuant to Section 8.08.E of the City of South Burlington Land Development Regulations (as amended December 5, 2022) and the Development Review Board’s approval of the Large Development Area Open Space in Miscellaneous Application #MS-19-06 (dated 02-03-20). A total of 62,760 square feet of qualifying Open Space was approved in the Large Development Open Space. Qualifying Open Space may be assigned by South Burlington City Center, LLC (the landowner) to one or more site development projects. Proposed site development on Lot N (also known as Block A) located at Market Street (Building A2), Market Street (Building A1), and Garden Street (Building A3) (the Project) is subject to FBC Site Plan application #SP-____-____, which was approved by the City of South Burlington Acting Administrative Officer on ____________, 2023. An assignment of 7,065 square feet of Open Space to the Project is hereby made from the previously approved Large Development Area Open Space. Summary of Large Development Area Open Space 62,760 square feet Total qualifying Open Space 3,408 square feet Assignment #1 - Lots M1, M2, & M3 / 390 Garden Street 1,290 square feet Assignment #2 – Lot D / 324 Garden Street 1,830 square feet Assignment #3 – Lot M5 / 303 Market Street 5,397 square feet Assignment #4 – Lot B / Market Street & Garden Street 7,065 square feet Assignment #5 – Lot N / Market Street & Garden Street 43,770 square feet Remaining unassigned qualifying Open Space This assignment of Open Space is contingent upon the following:  obtaining Zoning Permits for the phased construction of the buildings and improvements approved by FBC Site Plan #SP-___-____ within the time requirements of the Land Development Regulations Failure to obtain Zoning Permits as described above will result in this assignment of Open Space being null and void – with the assigned Open Space reverting to South Burlington City Center, LLC. Dated _________________________ South Burlington City Center, LLC By____________________________ Page 2 of 2 ______________________________ Its Duly Authorized Agent STATE OF VERMONT Chittenden County, ss. At ____________________, this day of , 20___, personally appeared, , duly authorized agent of SOUTH BURLINGTON CITY CENTER, LLC and acknowledged this instrument, by him subscribed to be his free act and deed and the free act and deed of SOUTH BURLINGTON CITY CENTER, LLC. Before me, ____________________________________ Notary Public Printed Name:_____________________ My commission expires: _____________________ Commission number:_____________________