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<br />constructed building of approximately 75,000 square feet on the adjacent vacant lot. The Centre Court <br />building will be designed for retail, office, and sub-surface parking consistent with the design elevations <br />submitted in Beam’s February 2007 RFQ response. The adjacent building will also be designed for <br />retail, office, and sub-surface parking. <br /> <br />10. Project Timing: Beam shall commence construction and complete the project within a time period <br />specified in the agreement. <br /> <br />11. Reversionary Clauses: In the event that Beam does not meet the construction and completion <br />timeline included in the PSA, the URA would have the right to re-purchase the property. <br /> <br /> <br /> <br /> Y:\CMO\2008 Council Agendas\M080521\S080521A.doc <br /> <br />