- 30 -
2,164,266 - 6,000 - 240,000 - 361,000 = 1,557,266
This 1,557,266 of additional net floor area square footage
(attributable to the zoning change) must be allocated between
the Library Tower and the Grand Place Tower parcels. We
conclude that that allocation may be based on the relative total
net floor area of the Library Tower building and the Grand Place
Tower building. We further conclude that the zoning change
produced (1) an increase of 809,778 of net floor area square
footage for the Library Tower parcel, and (2) an increase of
747,488 of net floor area square footage for the Grand Place
Tower parcel. These increases in net floor area square footage
were calculated as follows:
Planned total Allocation of additional net
net floor area floor area sq. footage produced
Building sq. footage from zoning change
Library Tower 1,300,000 1809,778
Grand Place 1,200,000 2747,488
Tower
1 1,557,266 x 1,300,000 = 809,778 (rounded).
2,500,000
2 1,557,266 x 1,200,000 = 747,488 (rounded).
2,500,000
Thus, MTP and its successor Library Square obtained under
their development rights pursuant to phases I and II of the OPA
an increase of 809,7788 square feet in buildable net floor area
for the Library Tower parcel attributable to the zoning change.
8 Square footage is sometimes rounded in this opinion.
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