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HomeMy WebLinkAboutPacket i > A Subsidiary of Ramco-Gershenson Properties Trust, (NYSE:RPT) 31500 Northwestern Highway Mon RAMCO Suite300 G E R S H E N S O N Farmington Hit`s,b11 48334 -.d INCORPORATED ?45.30-9900 Phone 248-350-9925 Fax October 17, 2013 BZA Members City of Carmel Department of Community Services � pEGElVE1Z , ! One Civil Square, Third Floor OCT 1 8 2013 Imo' Carmel, IN 46032 doC Subject: Docket No 13100011V -qpy • Merchants' Square - Parking Variance Dear BZA Members: The existing overall shopping center, Merchants' Square, is an older property that has undergone much transition through the years. As such, the tenants and mix of tenants, associated parking and the City of Carmel code have changed much over the years. When comparing the overall existing center to current code relative to parking, the Center is short 497 parking spaces. With the new theater in the new site plan, we will be 608 parking spaces short which includes 501 spaces for Flix. The proposed renovation to Merchants' Square will include removing the existing Old Navy, a vacant retail space, and one structural bay of Hobby Lobby, for a total of 28,456 sq. ft. In this former retail area, we will construct 61 additional parking spaces. However, we have removed 12 existing parking spaces to add landscape islands per the recommendation of Carmel's Planning Department. Flix Brewhouse has done extensive analysis on projected sales, customer counts, peak periods by day/time slot, comparisons to other theater chains and their own experience in operating theaters (see attached Flix memo dated October 11, 2014). This analysis concludes that at the highest peak period of the week (6 p.m.-9 p.m. on Saturday), they would have 711 customers. Their average customer-per-car is 2.2- 2.4, indicating needed parking on their busiest time on Saturday nights of 297-323 parking spaces (vs. the 501 spaces required under code). Flix Brewhouse, based on their extensive theater development/redevelopment experience, have found that a parking ratio of one space for every four seats (Flix has 1002 seats, so this ratio would require 250 spaces for Flix vs. the 501 required by City code) is often the norm for theater parking, which is exactly half the amount required by the City of Carmel code. This parking ratio RAMCO GERSHEN SON INCORPORATED BZA Members City of Carmel October 17, 2013 Page 2 typically works as parking is often shared across the broader shopping center as the theater peak periods tend to be those times that the retail and other mixed uses tend to not draw a large customer base, e.g., Saturday night. Flix Brewhouse has also offered that they may use valet parking, if they feel parking becomes inadequate during peak periods. In summary, Ramco-Gershenson, Inc. and Flix Brewhouse have both done extensive analysis on the existing and proposed parking, taking into account the tenant base and associated use. We believe the new site plan will provide sufficient parking to meet the proposed Flix Brewhouse and existing retail shops. We are very excited about the redevelopment and what it would mean for Merchants' Square, the City of Carmel, and the entire community. Ve . ly y%ur r oss . Gallentine, R.A. Project Manager Enclosure cc: Matt Silvers, Flix Brewhouse Ed Wizner, Ramco-Gershenson, Inc. RG/ml FLBXENTERTAINMENT LLC MEMORANDUM TO: Ross Gallantine,Ramco Gershenson FROM: Matt Silvers, Flix Entertainment RE: Flix Brewhouse at Merchant's Square DATE: October 11,2013 You asked that I memorialize our standard parking requirements for our prototype Flix Brewhouse cinema/eatery concept. To be specific,our prototype concept ranges in square footage from 35,000 to 40,000 square feet. Our Carmel,Indiana location will fall within that range and seat approximately 972 guests. Carmel has requested a parking ratio of 1 parking space per 2 seats. We adhere to different, but commonly accepted"parking spaces per 1,000 square feet of leasable floor area"standard. As such,Flix typically requests a 7:1(245 to 280 spaces)parking ratio for"in-fill"or adaptive reuse projects and a 10:1(350 to 400 spaces) parking ratio for new,ground-up developments,given that the additional parking spaces can be planned for and included early in the planning and development process. Flix Entertainment supports,where possible,efficient and logical parking planning and the general minimization or tailoring of impervious surfacing to minimize runoff and to maximize the aesthetic for our patrons. Based upon our own research,we have determined that once a Flix Brewhouse location reaches its maximum theoretical capacity in a given market it will likely generate up to 6,500 guest visits per week, on average. Allowing for this maximum potential,parking requirements at Merchant's Square should largely echo the prospective usage needs of the new anchor tenant at the center and not be based upon an arbitrary standard that is more relevant to large format cinemas—which we are not. Therefore, drawing on our own internal analysis,the demography of Carmel,the likelihood of a local patron to drive to Flix Brewhouse and the frequency of showtimes for a standard eight screen Flix Brewhouse operating mostly over a 12-14 hour period on any given day,the maximum probable guests break down as follows: --Day '! Monday Tuesday Wednesday Thursday Friday Saturday Sunday TOTAL. A'v gb/day/week; 6`9' 7% 8% 11% 24% 27% 17% 100% Av3 Guess/day'/week 389 436 506 700 1564 1782 1122 6,500 Ay'Number of 22 22 22 22 35 38 35 231 St o itimesJiii�Y'- ; Clearly,our busiest day of the week is Saturday which breaks down on an attendance by time-block basis as follows: Carmel,IN Parking Requirement Memo Page 1 ELIXENTERTAINMENT LLC Time Open—12pm 12pm—3pm 3pm—6pm 6pm-9pm 9pm to close °Attend8Ttte)S6_, `.''E 4.6% 15.1% 21.6% 39.9% 18.7% AY:1'ntm1611,782, 83 269 385 711 334 During Flix Brewhouse's busiest time period (6:00 pm to 9:00 pm on a Saturday),on an average busy Saturday,we would expect to see roughly 711 patrons over a three hour period,with guests arriving early for a movie and dinner,watching the movie and leaving multiple times during the multiple showtimes or"sets"that will occur during this time period. On average,we would expect multiple sets all of varied size depending on the auditorium,to fall within this time window at various stages of the dining/viewing continuum. Assuming, however,that they all began at 6:00 pm and end at 9:00 pm (which would never be the case—but to carry through the analysis to its conclusion we will make this assumption)we would need to provide parking for 711 guests,all at once. Based upon our own internal studies,on average,every automobile that is parked at the current Flix Brewhouse Round Rock,Texas location contains between 2.2 and 2.4 occupants.We would not expect this number to vary radically by geographic location as the external variables that contribute to this statistic are largely uniform,based upon our own site selection requirements. Approximately 66%of our customer base is comprised of families and couples who travel to Flix Brewhouse in one automobile. A much smaller percentage of our customer base is comprised of singles who travel in their own vehicle; thus the blended average vehicle occupancy factor of 2.2—2.4. This variable is entirely consistent with a study conducted by Santikos Theaters(www.santikos.com)which concluded that there are approximately 2.4 occupants per vehicle at any of the ten Santikos movie theaters now operating. Applying the lower and more conservative variable of 2.2 to the Flix Brewhouse Carmel Saturday calculation,the total number of automobiles that Flix Brewhouse Carmel would have to park at peak hours on a Saturday,assuming all sets began at 6:00 pm (which we have established would never happen),would be roughly 323 vehicles(711 simultaneous guests within the peak time block divided by 2.2 occupants per vehicle=323 vehicles). Because there are always a few guests simply enjoying the brewpub feature of Flix Brewhouse,or simply waiting for a show to begin,the additional spaces being provided by ownership will accommodate up to an additional 200 non-movie watchers. Taking this analysis even further, if we need 323 parking spaces to accommodate 711 guests,then if we were somehow able to seat all of the roughly 972 seats in the entire movie theater simultaneously,by extrapolation,we would need 441 parking spaces for an eventuality that would likely never come to pass. In terms of seat-to-parking space ratio,Carmel is requesting that we maintain a 1:2 ratio of parking spaces to seats. This would equate to 486 spaces,which is far more than we need and not far off of the approximately 445 parking spaces that we will be provided,which would equate to a roughly .91:2 ratio. In summary,we are comfortable with the parking allotted to us by ownership and are hopeful that the municipality will see the merit in varying this requirement from code as presently written. Should you have any further questions or comments, please feel free to contact me directly. Carmel,IN Parking Requirement Memo Page 2 CITY OF CARMEL - BOARD OF ZONING APPEALS APPLICATION FOR DEVELOPMENT STANDARDS VARIANCE FEES: Single Family (Primary Residence) $302 for the first variance, plus $93.00 for each additional section of the ordinance being varied. All Other$1,197 for the first variance, plus $565 for each additional section of the ordinance being varied. Or, see Hearing Officer Option & Fees. DOCKET NO. 13100011V DATE RECEIVED: October 17,2013 1) Applicant: Ramco-Gershenson, Inc. Address: 31500 Northwestern Hwy.,Suite 300, Farmington Hills,MI 48334 2) Project Name: Flix Brewhouse-Parking Phone: 248-350-9900 Engineer/Architect: Camburas&Theodore Ltd. Phone: 847-298-1525 Attorney: Phone: Contact Person: Ross S. Gallentine Phone: 248-592-6326 Email: rqallentinerqpt.com 3) Applicant's Status: (Check the appropriate response) (a)The applicant's name is on the deed to the property (b) The applicant is the contract purchaser of the property. (c) Other: X 4) If Item 3) (c) is checked, please complete the following: Owner of the property involved: Ramco-Gershenson Properties, LLC Owner's address: 31500 Northwestern Hwy., Suite 300, Farmington Hills, 1 48334 Phone:248-350-9900 5) Record of Ownership: Deed Book No./Instrument No. 200400003893/007004670 Page: Purchase date: 2010 6) Common address of the property involved: 2140-2472 E. 116th Street, 271 Merchants'Square Drive,and 1235 Keystone Way, Carmel, IN 46032 Legal description: See Attached Exhibit"A" Tax Map Parcel No.: 16-90-08-00-00-034-375; 16-10-31-00-00-011, 16-10-31-00-00-012.000; 16-10-31-00-00- 013.000; 16-10-31-00-00-016.000; 16-10-31-00-00-016-011; 16-10-31-00-00-016.012; 16-10-31-00-00-016.025; 16-10- 31-00-00-016.026; 16-10-31-00-00-016.029; 16-10-31-00-00-013.001 7) State explanation of requested Development Standards Variance: (State what you want to do and cite the section number(s)of the Carmel/Clay Zoning Ordinance that applies and/or creates the need for this request). Bring the existing noncompliant parking to code and provide new parking for Flix. Code Section Chapter 27.08. 8) State reasons supporting the Development Standards Variance: (Additionally,complete the attached question sheet entitled "Findings of Fact-Development Standards Variance"). Bring existing Shopping Center up to code 9) Present zoning classification of the property: B-8 /Business 10) Size of lot/parcel in question: 25.6374 acres 11) Present use of the property: Commercial 12) Describe the proposed use of the property: Commercial 13) Is the property: Owner occupied Renter occupied X Other 14) Are there any restrictions, laws, covenants, variances, special uses, or appeals filed in connection with this property that would relate or affect its use for the specific purpose of this application? If yes, give date and docket number, instrument no., decision rendered and pertinent explanation. No 15) Has work for which this application is being filed already started? If answer is yes, give details: Building Permit Number: No Builder: 16) If proposed appeal is granted, when will the work commence? As soon as weather permits 17) If the proposed variance is granted, who will operate and/or use the proposed improvement for which this application has been filed? Shopping Center NOTE: LEGAL NOTICE shall be published in the Noblesville Times a MANDATORY twenty-five(25)days prior to the public hearing date. The certified"Proof of Publication"affidavit for the newspaper must be available for inspection the night of the hearing. LEGAL NOTICE to all adjoining and abutting property owners is also MANDATORY, two methods of notice are recommended: 1)CERTIFIED MAIL-RETURN RECEIPT REQUESTED sent to adjoining property owners. (The white receipt should be stamped by the Post Office at least twenty-five (25) days prior to the public hearing date.) 2)HAND DELIVERED to adjoining and abutting property owners(A receipt signed by the adjoining and abutting property owner acknowledging the twenty-five(25)day notice should be kept for verification that the notice was completed.) REALIZE THE BURDEN OF PROOF FOR ALL NOTICES IS THE RESPONSIBILITY OF THE APPLICANT. The applicant understands that docket numbers will not be assigned until all supporting information has been submitted to the Department of Community Services. 1 Applicant Signature: 1 I Date: /047--r> The applicant certifies by gning this application that he/she has been advised that all representations of the Department of Community Services are advisory only and that the applicant should rely on appropriate subdivision and zoning ordinance and/or the legal advice of his/her attorney. • NOTICE OF PUBLIC HEARING BEFORE THE CARMEL/CLAY ADVISORY BOARD OF ZONING APPEALS Docket No. 13100011V Notice is hereby given that the Carmel/Clay Board of Zoning Appeals meeting on the 29th day of October, 2013 at 5:30 pm in the City Hall Council Chambers of Caucus Rooms-(choose one), 1 Civic Square, Carmel, Indiana 46032 will hold a Public Hearing upon a Development Standards Variance application to: Parking Chapter 27.08 (Explain your request--see question numbered seven (7)) Bring the existing non-compliant parking to code and provide new parking for Flix. Code Section Chapter 27.08. property being known as (address) 2140-2472 E. 116th Street, 271 Merchants' Square Drive, and 1235 Keystone Way, Carmel, IN 46032 The application is identified as Docket No. 13100011V The real estate affected by said application is described as follows: (Insert Legal Description (see attached) or Tax ID parcel number(s)) See Below* All interested persons desiring to present their views on the above application,either in writing or verbally,will be given an opportunity to be heard at the above-mentioned time and place. *16-10-31-00-00-011.000; 16-10-31-00-00-012.000; 16-10-31-00-00-013.000; 16-10-31-00-00-016.000 16-10-31-00-00-016.011; 16-10-31-00-00-016.012; 16-10-31-00-00-016.025; 16-10-31-00-00-016.026 16-10-31-00-00-016.029; 16-10-31-00-00-013.001 („,--re P: ITIINER (Note:When mailing out public notices to adjacent property owners, it is recommended that you include a location map,as well.) Page 7 - filename:application development standards variance 2013.docx rev.1/2/2013 CARMEL/CLAY ADVISORY BOARD OF ZONING APPEALS FINDINGS OF FACT- DEVELOPMENT STANDARDS VARIANCE Docket No.: 13100011V Petitioner: Ramco-Gershenson, Inc. 1. The approval of this variance will not be injurious to the public health, safety, morals and general welfare of the community because: We will be providing more parking spaces than what exixt today, because we are demolishing 28,456 sq. ft of existing retail and replacing the demolished area with parking lot and landscaping 2. The use and value of the area adjacent to the property included in the variance will not be affected in a substantially adverse manner because: We have not used any adjacent parking,except as allowed per agreements for cross-access agreement,and will not use any adjacent parking except as allowed per agreements for cross-access agreement 3. The strict application of the terms of the Zoning Ordinance to the property will result in practical difficulties in the use of the property because: Per parking code, the existing site in non-compliant at 497 parking spaces short. We would need to close stores to comply with parking code. DECISION IT IS THEREFORE the decision of the Carmel/Clay Board of Zoning Appeals that Development Standards Variance Docket No. is granted, subject to any conditions stated in the minutes of this Board, which are incorporated herein by reference and made a part hereof. Adopted this day of , 20 CHAIRPERSON, Carmel/Clay Board of Zoning Appeals SECRETARY, Carmel/Clay Board of Zoning Appeals Conditions of the Board are listed on back. Petitioner or representative to sign. Page 10 - filename:application development standards variance 201 3.docx rev.1/2/2013 EXHIBIT A - LEGAL DESCRIPTION PARCEL A: Part of the South Half of Section 31, Township 18 North, Range 4 East of the Second Principal Meridian in Clay Township, Hamilton County, Indiana, described as follows: Commencing at the Southwest corner of the South Half of Section 31, Township 18 North, Range 4 East; thence North 89 degrees 50 minutes 15 seconds East (assumed bearing) on the South line of said South Half, 2313.00 feet; thence North 00 degrees 09 minutes 45 seconds West 866.00 feet; thence North 89 degrees 50 minutes 15 seconds East 41.89 feet to a point on the Westerly line of parcel of real estate conveyed to Mundy Realty, Inc. by a Warranty Deed recorded as Instrument Number 9709749655 in the Office of the Recorder of Hamilton County, Indiana, said point being also on the Easterly line of a parcel of real estate designated as right-of-way for "AAA" Way Drive in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828789 in the Office of the Recorder of Hamilton County, Indiana; (the following five courses are on the Easterly line of said right-of-way parcel of real estate described in Instrument Number 9809828789) 1. ) thence North 00 degrees 15 minutes 30 seconds West 8.62 feet to the Northwesterly corner of said Mundy real estate, said corner being the PLACE OF BEGINNING of the within described parcel of real estate; 2 . ) thence North 00 degrees 15 minutes 30 seconds West 78 .30 feet; 3 . ) thence North 15 degrees 01 minute 43 seconds East 31 .38 feet; 4. ) thence North 27 degrees 17 minutes 26 seconds East 235 .11 feet to a point on a line that is 35 .00 feet East of and parallel with the East line of real estate conveyed to Hoosier Motor Club, by a Warranty Deed recorded on pages 519 and 520 of Deed Record 329 in said Recorder' s Office; 5.) thence North 00 degrees 09 minutes 45 seconds West on said line 225 .88 feet to the Southwesterly corner of a parcel of real estate designated as "Street B" in said conveyance to the City of Carmel, Indiana, by Instrument Number 9809828789; (the following nine courses are on the Southerly and Southwesterly perimeter lines of said "Street B" parcel) 1. ) thence North 44 degrees 50 minutes 15 seconds East 21.21 feet; 2. ) thence North 89 degrees 50 minutes 15 seconds East 385 .00 feet; 3.) thence South 67 degrees 59 minutes 16 seconds East 38 .54 feet; 4.) thence South 45 degrees 48 minutes 47 seconds East 149 .23 feet; 4 EXHIBIT A - CONT'D 5 . ) thence South 58 degrees 02 minutes 27 seconds East 213 .28 feet; 6 . )- thence South 17 degrees 48 minutes 57 seconds East 48 .70 feet; 7. ) thence South 56 degrees 04 minutes 13 seconds East 51.47 feet; 8 . ) thence North 72 degrees 04 minutes 13 seconds East 38.14 feet; 9.) thence South 56 degrees 04 minutes 13 seconds East 128.31 feet to the Southeasterly corner of said "Street B" parcel on the Southwesterly right-of-way line of a street known locally as Keystone way East, as said right-of-way was dedicated to the City of Carmel, Indiana, per a document titled "Acknowledgment of Dedication and Acceptance" recorded as Instrument Number 3688 on pages 493 through 497 of Miscellaneous Record 159 in said Recorder's Office, said line being also the Southwesterly line of a parcel of land described as "Tract A" in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, per a Limited Warranty Deed recorded as Instrument Number . 200100050090 in said Recorder's Office; thence South 34 degrees 00 minutes 28 seconds East on the Southwesterly line of said "Tract A", a distance of 30.83 feet to a point on the Northerly line of real estate conveyed to MCL, Inc. by a Warranty Deed recorded on pages 213 and 214 of Deed Record 300 in said Recorder's Office; thence South 89 degrees 50. minutes 15 seconds West 189.07 feet to the Northwesterly corner of said MCL, Inc. real estate; thence South 00 degrees 09 minutes 45 • seconds East 438 .05 feet; thence South 89 degrees 50 minutes '15 seconds West 60 .00 feet; thence South 00 degrees 09 minutes 45 seconds East 255 .00 feet; thence South 89 degrees 50 minutes 15 seconds West 45.00 feet;. thence South 00 degrees 09 minutes 45 seconds East 57 .47 feet to the Northeasterly corner of a parcel of real estate designated as "Street A" in said conveyance to the City of Carmel, Indiana, by Instrument Number 9809828789; (the following three courses are on the Northerly line of said "Street B" parcel) 1. ) thence South 89 degrees 50 minutes 15 seconds West 73 .00 feet; 2 . ) thence North 89 degrees 35 minutes 53 seconds West 72.00 feet to a point on a line that is the Easterly prolongation of the South line of the aforesaid real estate conveyed to Mundy Realty Inc. by the aforesaid Warranty Deed recorded as Instrument Number 9749655; 3 . ) thence South 89 degrees 44 minutes 30 seconds West on said line 250 .00 feet to the Southeasterly corner of said real estate; (the following ten courses are on the Easterly and Northerly lines of said "Mundy" real estate) 1. ) thence North 00 degrees 15 minutes 30 seconds West 532 .37 feet; 2 .) thence South 89 degrees 44 minutes 30 seconds West 54.90 feet; 3 . ) thence North 00 degrees 15 minutes 30 seconds West 13 .93 feet; 4. ) thence South 89 degrees 44 minutes 30 seconds West 157.25 feet; 5 . ) thence -2- 4 4 EXHIBIT A - CONT'D North 00 degrees 15 minutes 30 seconds West 32 .00 feet; 6.) thence South 89 degrees 44 minutes 30 seconds West 68. 00 feet; 7 . ) thence North 00 degrees 15 minutes 30 seconds West 74 .19 feet; 8 .) thence South 89 degrees 44 minutes 30 seconds West 56.00 feet; 9 . ) thence South 00 degrees 15 minutes 30 seconds East 66.19 feet; 10 . ) thence South 89 degrees 44 minutes 30 seconds West 61.00 feet to the place of beginning at the Northwesterly corner of said. Mundy real estate. ALSO, PARCEL B: Part of the South Half of Section 31, Township 18 North, Range 4 East of the Second Principal Meridian in Clay Township, Hamilton County, Indiana, described as follows: Commencing at the Southwest corner of the South Half of Section 31, Township 18 North, Range 4 East; thence North 89 degrees .50 • minutes 15 seconds East (assumed bearing) on the South line of said South Half, 2313 .00 feet; thence North 00 degrees 09 minutes 45 seconds West 45.00 feet to the Northerly line of a . parcel of real estate- conveyed to the City of Carmel, Indiana, for the use and benefit of - its Department of Redevelopment,- by a Limited Warranty Deed recorded as Instrument Number ' T . . 9809828789 in the Office of the Recorder of Hamilton 'County, . ' . Indiana; thence North 89 degrees 50 minutes 15 seconds East on the Northerly line of -said real estate 165 .34 feet to the Southeasterly corner of real estate conveyed to the City of Carmel Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 200200053381 in said Recorder's Office, said corner being the PLACE OF BEGINNING of the within described parcel of real estate; thence continuing North 89 degrees 50 minutes 15 seconds East on the Northerly line of said real estate 469.68 feet to its intersection with the Northerly right-of-way line of 116th Street; thence North 89 degrees 01 minute. 00 seconds East on said right-of-way line 200.00 feet to a point on the Westerly line of real estate described in a Warranty Deed recorded as Instrument Number 9331038 in said . Recorder's Office; thence North 00 degrees 09 minutes 45 seconds West on the Westerly line of said real estate 199.63 feet to the Southeasterly corner of a parcel of real estate as conveyed to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, per the aforesaid Limited Warranty Deed recorded as Instrument Number 9809628789; thence South 89 degrees 50 minutes 15 seconds West on the -3- EXHIBIT A - CONT'D Southerly line of said real estate 592 .00 feet; thence South 00 degrees 09 minutes 45 seconds East on a line of said real estate 6.75 feet; thence South 89 degrees 50 minutes 15 seconds West on the Southerly line of said real estate 170. 00 feet; thence South 43 degrees 13 minutes 53 seconds West on the Southerly line of said real estate 18.92 feet to the Southwesterly corner of said parcel of real estate, said corner being on the Easterly line of a parcel of real estate as conveyed to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, per the aforesaid Limited Warranty Deed; thence South 00 degrees 09 minutes 45 seconds East on the Easterly line of said real estate 160.00 feet; thence South 45 degrees 09 minutes 45 seconds East on said Easterly line 10.25 feet to the Northwesterly corner of said real estate conveyed to the City of Carmel, Indiana by said Instrument Number 200200053381; thence South 81 degrees 36 minutes 39 seconds East on the Northerly line of said real estate 99 .20 feet to the place of beginning. ALSO, PARCEL C: . Part of the South Half of Section 31, Township 18 North, Range 4 East of the Second Principal Meridian in Clay Township, • . Hamilton County, Indiana, described as follows: . . Commencing at the Southwest corner of the South Half of Section 31, Township 18 North, Range 4 East; thence North 89 degrees 50 minutes 15 seconds East (assumed bearing) on the South line of said South Half, 2313 .00 feet; thence North 00 degrees 09 minutes 45 seconds West 594.00 feet; thence North 42 degrees 09 minutes 00 seconds West 26.91 feet to the PLACE OF BEGINNING of the within described parcel of real estate; thence continuing North 42 degrees 09 minutes 00 seconds West 29 .59 feet to a Northeasterly corner of real estate conveyed to First Indiana Federal Savings Bank by a Warranty Deed recorded on page 228 of Deed Record 268 in the Office of the Recorder of Hamilton County, Indiana, thence South 89 degrees 50 minutes 15 seconds West on the Northerly line of said real estate 249 .56 feet to the Northwesterly corner of said real estate, said corner being on a line that bears North 61 degrees 40 minutes 00 seconds West from a point on the aforesaid line having a length of 594.00 feet and bearing North 00 degrees 09 minutes 45 seconds West from the point on the South line of said South Half; thence North 61 degrees 40 minutes 00 seconds West 469.53 feet to the Southerly right-of-way line of a roadway known as Cannel -4- • • • • EXHIBIT A - CONT'D Medical Drive, as said right-of-way was dedicated to the City of Carmel, Indiana, by a document titled "Acknowledgment of Dedication and Acceptance" executed on December 11, 1979 by the City of Carmel, Indiana, through its Board of Public Works and recorded on pages 493 through 497 of Miscellaneous Record 159 in said Recorder' s Office; thence North 00 degrees 09 minutes 45 seconds West 25 .65 feet to the centerline of said roadway; thence North 76 degrees 56 minutes 20 seconds East on said centerline 76.58 feet to the point of curvature of a curve to the left, the radius point of which lies 200 . 00 feet North 13 degrees 03 minutes 40 seconds West from said point of curvature; thence Northeasterly, curving to the left on said centerline, an arc distance of 170.17 feet to the Southwesterly corner of real estate conveyed to the United States Postal Service by a Warranty Deed recorded on pages 865 and 866 of . Deed Record 326 in said Recorder's Office; thence North 89 degrees 50 minutes 15 seconds East on the Southerly line of said real estate 146.24 feet to a point that is 258 .75 feet South 89 degrees 50 minutes 15 seconds West from the Southeast corner of said real estate; thence South 00 degrees 09 minutes 45 seconds East 48 .00 feet; thence North 89 degrees 50 .tetinutes 15 seconds East 258 .75 feet; thence North 00 degrees 09 minutes - 45 seconds West 48 .00 feet to the Southeast corner of said ..real estate, being also the Southwesterly corner of real estate conveyed to the United States Postal Service by a Warranty Deed recorded as Instrument Number 8729055 in said Recorder' s . Office; thence North 89 degrees 50 minutes 15 seconds East on the South line of said real estate 87 .29 feet to a point on the Westerly line of parcel of real estate conveyed to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828789 in said Recorder's Office; thence South 15 degrees 01 minute 43 seconds West on said Westerly line 62.14 feet; thence South 00 degrees 09 minutes 45 seconds East on said Westerly line 328 .75 feet to the place of beginning_ ALSO, PARCEL D: Part of the South Half of Section 31, Township 18 North, Range 4 East of the Second Principal Meridian in Clay Township, Hamilton County, Indiana, described as follows : Commencing at the Southwest corner of the South Half of Section 31, Township 18 North, Range 4 East; thence North 89 degrees 50 -5- • EXHIBIT A - CONT'D minutes 15 seconds East (assumed bearing) on the South line of said South Half, 2313.00 feet; thence North 00 degrees 09 minutes 45 seconds West 866.00 feet; thence North 89 degrees 50 minutes 15 seconds East 41.89 feet to a point on the Westerly line of parcel of real estate conveyed to Mundy Realty, Inc. by a Warranty Deed recorded as Instrument Number 9749655 in the Office of the Recorder of Hamilton County, Indiana, said point being also on the Easterly line of a parcel of real estate designated as right-of-way for "AAA" Way Drive in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828789 in the Office of the Recorder of Hamilton County, Indiana; (the following five courses are on the Easterly line of said parcel of real estate) 1.. ) thence N 00 degrees 15 minutes 30 seconds West 8. 62 feet; 2 . ) thence North 00 degrees 15 minutes 30 seconds West 78.30 feet; 3.) thence North 15 degrees 01 minute 43 seconds East • 31.38 feet; 4.) thence North 27 degrees 17 minutes 26 seconds East 235.11 feet to a point on a line that is 35.00 feet East of and parallel with the East line of real estate conveyed to . Hoosier Motor Club, by a Warranty Deed recorded on pages 519 and 520 of Deed Record 329 in said Recorder' s Office; :5 :) thence North 00 degrees 09 minutes 45 seconds Weston said line • 285 .88 feet to the Northwesterly corner of a parcel-of .real estate designated as "Street B" .in said conveyance. to the' .City of Carmel, Indiana, by Instrument Number 9809828789, said corner being on the Northerly line of a parcel of real estate conveyed to Ben Mar, LLC, by a Warranty Deed recorded as Instrument Number 9709749659 in said Recorder's Office; thence North 89 degrees 50 minutes IS seconds East on the Northerly line of said "Street B" parcel, being also the Northerly line of the real estate conveyed to Ben Mar, LLC, by Instrument Number 9709749659, a distance of 432 .00 feet to the intersection of said line with the Northeasterly line of said "Street B" parcel, said intersection being the PLACE OF BEGINNING of the within described parcel of real estate; (the following four courses are on the Northeasterly line of said "Street B" parcel) 1. ) thence South 45 degrees 48 minutes 47 seconds East 142 .00 feet; 2 . ) thence South 58 degrees 02 minutes 27 seconds East 247 .00 feet; 3 . ) thence North 68 degrees 05 minutes 48 seconds East 41.89 feet; 4. ) thence North 22 degrees 21 minutes 21 seconds East 9.01 feet to a point on the Northwesterly prolongation of the Southwesterly right-of-way line of a street known locally as Keystone Way East, as said right-of-way was dedicated to the City of Carmel, Indiana, per a document titled "Acknowledgement of Dedication -6- • • • EXHIBIT A - CONT'D and Acceptance" , recorded as Instrument Number 3688 on pages 493 through 497 of Miscellaneous Record 159 in said Recorder's Office, said point being also the Southwesterly corner of a parcel of real estate designated as "Tract C" in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828790 in the Office of the Recorder of Hamilton County, Indiana; thence continuing North 22 degrees 21 minutes 21 seconds West on the Westerly line of said "Tract C" parcel 33.48 feet; thence North 18 degrees 43 minutes 12 seconds East on the Westerly line of said "Tract C" parcel 90.82 feet to a point on the Southerly line of real estate conveyed to Barnes Investment II Co. , per a Warranty Deed recorded as Instrument Number 9909905538 in said Recorder' s Office, said Southerly line being also the Easterly prolongation of a Northerly line of the real estate conveyed to Ben Mar, LLC , by Instrument Number 9709749659; thence South 89 degrees 55 minutes 00 seconds West on the Southerly line of said "Barnes" real estate 293 .37 feet to the Southwesterly corner of said "Barnes" real estate on the Easterly line of real estate .conveyed to Keystone Shopping Center Company by' a Warranty Deed . recorded on pages 17 and 18' of Deed Record 316 in said Recorder' s Office; thence North 00 degrees 05 minutes 00 seconds . . West on the Westerly line of said "Barnes" real estate, being ' ' .. . also the Easterly line of the .real estate conveyed to Ben Mar, .LLC, per Instrument Number 9709749659, .a distance of 89 .50 feet to the Northeasterly corner of said "Ben Mar, LLC" real estate; thence South 89 degrees 50 minutes 15 seconds West on the Northerly line of said real estate 102.07 feet to the place of beginning. ALSO, PARCEL E: Part of the South Half of Section 31, Township 18 North, Range 4 East of the Second Principal Meridian in Clay Township, Hamilton County, Indiana, described as follows: 1 Commencing at the Southwest corner of the South Half of Section 31, Township 18 North, Range 4 East; thence North 89 degrees 50 minutes 15 seconds East (assumed bearing) on the South line of the South Half of said Section 31, a distance of 2847.20 feet; thence North 00 degrees 10 minutes 00 seconds West 19 .00 feet; thence North 75 degrees 16 minutes 00 seconds East 103 .30 feet to the Northerly right-of-way line of 116th Street; thence North 89 degrees 01 minute 00 seconds East on said right-of-way -7- deetemmemmeme 4 EXHIBIT A - CONT'D line 350.00 feet; thence North 88 degrees 58 minutes 00 seconds East on said right-of-way line 100 .10 feet to its intersection with the Westerly Limited Access Right-of-Way Line of Indiana State Road No. 431 (a/k/a Keystone Avenue) ; thence Northerly on said Limited Access Right-of-Way Line the following four courses, North 44 degrees 13 minutes 00 seconds East 150.30 feet; thence North 02 degrees 05 minutes 00 seconds East 301.50 feet; thence North 00 degrees 41 minutes 00 seconds East 572 .80 feet; thence North 87 degrees 16 minutes 00 seconds West 51.10 feet to the Southeasterly corner of a parcel of real estate conveyed to Ben Mar, LLC, per a Special Corporate Warranty Deed recorded as Instrument Number 200000063501 in the Office of the Recorder of Hamilton County, Indiana, said corner being on the Northeasterly line of a non-exclusive Utility Easement and • Right-of-Way line for a roadway known. locally as Keystone Way East, as said right-of-way was dedicated to the City of Carmel, Indiana, per a document titled "Acknowledgment of Dedication and Acceptance" recorded as Instrument Number 3688 on pages 493 through 497 of Miscellaneous Record 159 in said Recorder' s Office, said line being also the Northeasterly line of a parcel of land described as "Tract A" in a conveyance to the City. of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, per a Limited Warranty Deed recorded as. Instrument Number 200100050090 in said Recorder's Office, said corner being the PLACE OF. BEGINNING of the within described real estate and also lying on a non-tangent curve, the radius point of which lies 325 .00 feet South 59 degrees 27 minutes 50 seconds West of said corner; thence Northwesterly, curving to the left on said curve and the Northeasterly line of "Tract A" , an arc distance of 19 .69 feet to the point of tangency of said curve at a point that is 325 .00 feet North 55 degrees 59 minutes 32 seconds East of the radius point of said curve; thence North 34 degrees 00 minutes 28 seconds West on said Northeasterly line 54.03 feet; thence North 56 degrees 04 , minutes 13 seconds West on the Northeasterly line of said "Tract A" parcel, a distance of 133 .11 feet to a point on the Southwesterly line of the aforesaid non-exclusive Utility Easement and Right-of-way Line, being common with the Northeasterly line of a parcel of land designated "Street B" in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828789 in the Office of the Recorder of Hamilton County, Indiana; thence North 34 degrees 00 minutes 28 seconds West on said common line, a distance of 55 .26 feet to its intersection with the Southeasterly line of a parcel of real estate designated as -8- • EXHIBIT A - CONT'D "Tract C" in a conveyance to the City of Carmel, Indiana, for the use and benefit of its Department of Redevelopment, by a Limited Warranty Deed recorded as Instrument Number 9809828790 in said Recorder's Office: thence North 22 degrees 21 minutes 21 seconds West on the said Southeasterly line of said "Tract C" parcel and the Northeasterly prolongation thereof, being the Southeasterly line of a parcel of real estate designated as "Tract D" in said conveyance to the City of Carmel, Indiana, a total distance of 119.92 feet; thence North 14 degrees 44 minutes 09 seconds East on the Southeasterly line of said "Tract D" parcel 53 .14 feet to its intersection with the Easterly line of a non-exclusive easement and right-of-way for a roadway known locally as Keystone Way, being also the Easterly line of the aforesaid "Tract C" parcel of land, said line being on curve, the radius point of which lies 174 .10 feet North 75 degrees 15 minutes 51 seconds West from intersection; thence Northeasterly, curving to the left on said Easterly line, an arc distance of 19 .94 feet to the Northerly line of real estate conveyed to Ben Mar, LLC by the above referenced Special Corporate Warranty Deed recorded as Instrument Number 200000063501; thence North 89 degrees 55 minutes 00 seconds East on said common line. 189.89 feet to the aforesaid Westerly Limited Access Right-of-Way Line of Indiana State .Road No. 431; (the following four 'courses are on the. Westerly Limited Access Right-of-Way Line of Indiana State Road No. 431) .1. ) thence South 03 degrees 43 minutes 00 seconds West 135.48 feet; 2 . ) thence South 03 degrees 07 minutes 00 seconds West 130.60 feet; 3 . ) thence North 86 degrees 58 minutes 00 seconds West 50 .00 feet; 4.) thence South 02 degrees 53 minutes 00 seconds West 100 .80 feet to the place of beginning. ALSO: PARCEL F SIGN EASEMENT FOR THE BENEFIT OF PARCEL I AS SET FORTH IN AN EASEMENT RECORDED MARCH 5, 1974 IN DEED RECORD 272 PAGE 369 AS } INSTRUMENT NUMBER 1765. ALSO: PARCEL G EASEMENTS FOR ACCESS, PARKING, UTILITIES AND SERVICE BENEFITTING TELE INSURED REAL ESTATE AS DESCRIBED IN A CERTAIN -9- 4 I EXHIBIT A - CONT'D EASEMENTS WITH COVENANTS AND RESTRICTIONS AFFECTING LAND DATED NOVEMBER 13, 1997, AND RECORDED NOVEMBER 17, 1997, AS INSTRUMENT NUMBER 9749660 . 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Parking required: Retail 337,243 x 5/1000 = 1,686 spaces Restaurants 21,918 sq. ft. x 1/80 = 274 spaces Total spaces required 1,960 spaces Existing spaces 1,463 spaces 497 spaces short PROPOSED Proposed Flix's with Marsh = 330,705 total sq. ft. Parking required: Retail = 268,927 x 5/1000 = 1,345 spaces Restaurants 21,918 sq ft. x 1/80 = 274 spaces Flix's 1002 seats @ 1/2 seats = 501 spaces Total spaces required 2,120 spaces Spaces provided 1,524 spaces Spaces turned into landscape Islands per Planning's request 12 Total Spaces Provided 1,512 608 spaces short