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(1) County Facilities - Approximately 102,310 Usable Square Feet conveyed to County for office use together with 18 arking spaces. (2) Transit Facilities - Approximately 25,029 Usable Square Feet conveyed to Transit for office use together with 40 parking spaces and approx'imately 66,824 gross square feet of area containing the transit mall and associated improvements. (iii) Compensation for Conveyance of Condominium Units. A Unit Owner shall pay no compensation to the Declarant for conveyance of its respective Unit except for payments due from each Party under this Agreement for Project Costs, as described in Section 4.3.. (iv) Management, Operation, Maintenance and Repair of Property. The Condominium Documents shall govern rnanagement and operation of the Project. The Bylaws shall describe the initial and continuing financial obligations of each Unit owner and their respective responsibilities for property management, security, parking, access and maintenance and repair of common eletnents. SECTION 3. PREPARATION OF LAND FOR DEVELOPMENT 3.1 Utility Service. Water, electricity, gas, sanitary sewer and storm sewer service to the perimeter of the Property currently exists. 3.2 Property Unoccupied. The Progerty is unoccupied. The Parties covenant and agree to keep the Property unoccupied during construction except as otherwise agreed by the Review Committee. The costs of terminating any occupancy and relocating tenants shall be born by the Party causing or permitting such occupation. 3.3 Permits. The Parties agree to cooperate with one another and with the Project Manager and to use diligent, good faith efforts in assisting Project Manager in obtaining all permits and approvals necessary for the construction of the Project Improvements. SECTION 4. DEVELOPMENT OF PROPERTY 4.1 Project Completion; Modifications to Scope of Development. ( i) Completion. Subject to terms and conditions of this Agreement, the Parties hereby covenant and agree to complete the development of the Property through the construction of the Project Improvements thereon, in accordance with the Plans and to comply with the Schedule of Performance. (ii) Scope. The Plans may be changed or modified in such manner and to such extent as may be agreed upon in writing by the Parties. However, in no event may either Party take any action, without the written consent of the other Party, to cause a change in the Design Development Drawings, Plans or the Final Construction Plans and Speci~cations which would result in the other Party's Respective Share of the Project Budget to exceeding the amount of the limit specified in Section 2.1(i) or (ii), above. 4.2 Project Manager and the Project Management Agreemen~ The Parties have entered into the Project Management Agreement with the Project Manager, the terms of which are hereby acknowledged. No Party shall be liable for the payment of any portion of the Project Manager's cempensation required to be paid by another Party. The Project Manager's compensation under the Project Management Agreement and, except as may be otherwise negotiated and agreed by the Courthouse Square Development Agreement Page - 9