Maguire/Thomas Partners Fifth & Grand, Ltd., Maguire/Thomas Partners Grand Place Tower, Ltd., Tax Matters Partner - Page 14

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                                       Table 2                                        
                         Buildable Area    Maximum Permitted                          
                                    Sq. Footage       Net Floor Area                  
          Covenant                  Gross      Net      Sq. Footage                   
          Library Tower Parcel      69,277    55,600      1,300,000                   
          Garage Plaza Parcel       75,000    75,000          6,0001                  
          Grand Place Tower         60,550    52,500      1,200,000                   
          Parcel                                                                      
          One Bunker Hill Parcel    30,384    30,400        240,000                   
          Central Library Parcel   147,211   147,211        361,000                   
          1With a building footprint up to 3,000 square feet.                         
          E.   The Library Tower and Grand Place Tower Variations                     
               MTP’s obligations under the OPA were conditioned on                    
          issuance by CRA to MTP of variations under section 437 of the               
          CBD Plan permitting the Library Tower and Grand Place Tower                 
          buildings to be built.  Section 437 of the CBD Plan provides                
          that no variation issued by CRA is effective until any necessary            
          zoning changes have been obtained.  The Library Tower and Grand             
          Place Tower variations issued by CRA to MTP were not effective              
          until the MTP Designated Building Site Application had been                 
          approved by the City.                                                       
               On June 17, 1985, CRA adopted resolution No. 3548 to permit            
          MTP to exceed FAR limitations in developing the Library Tower               
          building, the Garage Plaza underground parking garage, and the              
          garden plaza.  In conjunction with Ordinance No. 159802 and the             
          MTP Designated Building Site, this variation increased allowable            
          floor area by 413,900 square feet, permitted MTP to develop the             
          Library Tower building with floor area up to 1.3 million square             





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