Boston Properties Attach 02272012

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    BOSTON PROPERTIES LIMITED PARTNERSHIPc/o Boston Properties, Inc.

    800 Boylston Street, Suite 1900Boston, Massachusetts 02199

    February 22,2012Mr. Robert HealyCity ManagerCity of Cambridge795 Massachusetts AvenueCambridge, Massachusetts 02139

    Re: Cambridge CenterDear City Manager Healy:

    This letter is to respectfully request that the modification of the two open space restrictioncovenants described below be placed on the City Manager's Agenda for transmittal to the CityCouncil at the meeting scheduled for February 27,2012.

    This request is being made in order to allow for the construction of a new connectorbuilding containing approximately 25,000 square feet of gross floor area between the existingbuildings located at Four and Five Cambridge Center. As will be discussed in greater detailbelow, the construction of this new connector building will require the modification of twoexisting open space covenants, resulting in an 18,147 square foot reduction of the public openspace created by those covenants. However, the term of these covenants would be extended inconnection with these modifications for an additional 28 years from the current expiration date of2022 until 2050. In addition, a new 47,000 square foot urban park would be created as part ofthis process pursuant to an open space covenant with a duration of 40 years, for a net gain of28,853 square feet of public open space in the Cambridge Center area.

    By way of background, Four and Five Cambridge Center are part of Boston Properties'Cambridge Center development, 1 which began in 1979 when Boston Properties was designatedas the "developer of record" for a portion of the Kendall Square Urban Renewal Area under theKendall Square Urban Renewal Plan. The Urban Renewal Plan was adopted by the City ofCambridge in 1965 in order to facilitate redevelopment within the 42-acre project area and

    1 Four Cambridge Center is owned by BP Four CC LLC, an affiliate of Boston Properties Limited Partnership.Five Cambridge Center is owned by BP Five CC LLC, also an affiliate of Boston Properties Limited Partnership.

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    eliminate the blighted conditions and urban decay that had previously characterized the area. Infurtherance of that goal, the City adopted Article 14 of the Cambridge Zoning Ordinance tospecifically govern land use and development within the so-called "Mixed-Use Development(MXD) District of the Urban Renewal Area (a plan showing the MXD District as provided inArticle 14 of the Zoning Ordinance is attached hereto as Exhibit A) in which the CambridgeCenter development is located. Since its original designation in 1979, Boston Properties hascompleted a total of fourteen buildings and three parking garages within Cambridge Center aspart of a master planning effort with the Cambridge Redevelopment Authority, with input fromthe City Council, Planning Board, Community Development Department and other municipalboards and neighborhood groups. The Cambridge Center development is shown on Exhibit Battached hereto.

    The construction of the connector building that is the subject of this letter request is partof a larger project being undertaken in connection with the leasing of approximately 300,000square feet to Google, Inc. in the buildings located at Three, Four and Five Cambridge Center."Google is currently a tenant at Three and Five Cambridge Center, but has outgrown its existingspace and is looking to create an urban campus configured in a manner to facilitate its workprocesses, enhance its unique culture and help attract the best candidates for its workforce. Theability to expand into Four Cambridge Center and connect Google's leased premises in the threebuildings is an essential component of Google's campus plan, without which Google hasindicated that it will have to look elsewhere to meet its space needs. We believe that our abilityto retain Google will have significant benefits for the City of Cambridge and its residents,businesses and other community organizations. Google is of course an innovative technologycompany that is a natural fit in the knowledge-based economy of Cambridge, but at the sametime offers an element of economic diversity at a time when much of the City's commercialgrowth has relied on the biotechnology sector. In addition, Google has been an active participantin the Kendall Square business community and has been involved with the promotion of science,technology, engineering and math (STEM) education in Cambridge schools. In short, Google isa valuable corporate citizen and is a key contributor to the atmosphere of excitement andprogress that exists in Kendall Square today. It is our hope that the growth of Google inCambridge will enable the City to realize economic and community benefits for many years tocome.

    In addition to being located on the Four and Five Cambridge Center propertiesthemselves, a portion of the connector building between Four and Five Cambridge Center wouldbe constructed over the existing garage facility known as the Cambridge Center East Garage.'2 Three Cambridge Center is owned by Three Cambridge Center Trust, of which Boston Properties LimitedPartnership is the sole beneficiary.3 The Cambridge Center East Garage is located on property owned by Two Cambridge Center Trust, of whichBoston Properties Limited Partnership is the sole beneficiary. Two Cambridge Center Trust ground leases thegarage site to BP East Garage LLC, an affiliate of Boston Properties Limited Partnership.

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    The location of the connector building is shown on Exhibit C attached to this letter. The FourCambridge Center property is subject to an Open Space Restriction Covenant dated August 6,1982 and recorded with the Middlesex South District Registry of Deed in Book 14692, Page 111(the "Four CC Covenant"), a copy of which is attached to this letter as Exhibit D. The EastGarage property is subject to an Open Space Restriction Covenant No.2 dated September 25,1986 and recorded with the Registry in Book 17438, Page 57 (the "East Garage Covenant"), acopy of which is attached to this letter as Exhibit E. The Four CC Covenant and the East GarageCovenant are sometimes hereinafter referred. to collectively as the "Covenants." The Covenantswere put in place in order to comply with the provisions of Section 14.42 of the ZoningOrdinance, which requires that a minimum of 100,000 square feet be reserved or designated aspublic open space for public use and enjoyment within the MXD District. Section 14.42specifies a number of methods for creating the requisite amount of open space, including"dedication, by covenant or comparable legal instrument, to the community use of the residents,lessees and visitors to the District for reasonable amounts of time on a regular basis.'

    As shown on Exhibit C, the connector building would be constructed over portions of theFour Cambridge Center and East Garage properties that are subject to the Covenants.Accordingly, the Covenants would need to be modified in order to allow for the connectorbuilding to be located in these areas. Attached as Exhibits F and G are proposed modifications tothe Covenants, together with a recordable plan showing the modified areas subject to the openspace restrictions (attached hereto as Exhibit H). The result would be a reduction in the amountof open space under the Four CC Covenant by 6,494 square feet (from 13,565 square feet to7,071 square feet) and a reduction in the amount of open space under the East Garage Covenantby 11,653 square feet (from 29,222 square feet to 18,269 square feet), for a total reduction of18,147 square feet (from 43,487 square feet to 25,340 square feet).

    In consideration of the modification of the Covenants and the reduction in open spaceBoston Properties Limited Partnership, together with the Cambridge Redevelopment Authority,is proposing the following:

    1. the extension of the current expiration date for the dedication of the remainingopen space on the East Garage roof to the public from August 5, 2022 to August5,2050 (as stated in Section 2 of the modifications attached as Exhibits E and F) ;and

    2. the creation of a new at-grade urban park (as shown on Exhibit I attached hereto)on a parcel of land owned by the Cambridge Redevelopment Authority at thecorner of Binney Street and Galileo Galilee Way adjacent to the "InnovationBoulevard" project funded by the Massachusetts Department of Transportation,which would be dedicated as public open space for a period of 40 years by the

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    covenant attached hereto as Exhibit J and which is more than twice the size of thearea that is being impacted by the Google plan (approximately 47,000 square feetbeing added by the creation of the new park versus 18,147 square feet beingremoved as part of the reconfiguration of the East Garage roof park toaccommodate the connector building).

    There are currently 133,733 square feet of publicly dedicated open space in Cambridge Center.This plan will increase the overall amount of publicly dedicated open space to 162,586 squarefeet (even after taking into account the 18,147 square feet that would be removed from therooftop park on the East Garage), and will add an exciting new amenity to the project area thatwill be closer and more easily accessible to the neighborhoods surrounding Cambridge Center.

    The Four CC Covenant provides that it may be modified by a majority vote of the CityCouncil with the approval of the grantor and the ground lessee of the East Garage. The EastGarage Covenant similarly provides that it may be modified by a majority vote of the CityCouncil with the approval of the grantor and the ground lessee of the East Garage. This letter isto respectfully request that the proposed modifications to the Covenants be presented to the CityCouncil by the City Manager.

    Please do not hesitate to contact us should you require any additional information in orderto process this request. In the meantime, thank you for your attention.

    BOSTON PROPERTIES LIMITEDPARTNERSHIPBy: Boston Properties, Inc., its general partner

    By: ! L u (j~L A . i ( _ L ~ I . A 7 0 U Y i t L / / l l , { U -Name: Michael A. CantalupaTitle: Senior Vice President

    [signatures continued on next page]

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    BP FOUR CC LLC, owner of Four Cambridge Center(as successor-in-title to Four Cambridge Center Trust under the Four CC Covenant)

    By: Boston Properties Limited Partnership, its sole memberBy: Boston Properties, Inc., its general partner

    By: /V U o tt L t - e A ( { t l t L / - z U _ L L p t C ! U{U'-Name: Michael A. Cantalupa /Title: Senior Vice President

    BP EAST GARAGE LLC, ground lessee of the Cambridge Center East Garage(as successor-in-title to First Cambridge Center Parking Trust under the Covenants)By: Boston Properties Limited Partnership, its sole member

    By: Boston Properties, Inc., its general partnerBy: . J v U ufAtuL A - - & w { f J ~ 4 i j : A - / w {u-Name: Michael A. CantalupaTitle: Senior Vice President

    TWO CAMBRIDGE CENTER TRUST, ground lessor of the Cambridge Center East Garage(as successor-in-title to Four Cambridge Center Trust under the East Garage Covenant)

    By: .Wtll lId / L , { t lvd?c,Luf t : fU u-Michael A. Cantalupa, forhimself and his fellow Trustees

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    EXHIBIT APlan ofMXD District

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    EXHIBITBCambridge Center Plan

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    C a m b r i d g e C e n te r M a r ri ot t H o t e lY e o r B u il t 1 9 8 63 30 ,4 02 S qu ar e F ee t , 4 31 R o o m sH o t e l / R e t a i l

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    EXHIBIT CPlan of COlmector Building

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    EXHIBITDFour CC Covenant

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    EXHIBITEEast Garage Covenant

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    , ,; .p,\! 38-229/22/86

    OPEN SPACE RES'l'lHCTION COVENANT NO. :2TH!S COVENANT~made effective this D(;'I day of septembe.!.' I' 19815 r

    by David Barrett, Edward H. Linde and Mortimer B. Zuckerman, asTR[]fS'l'BES of FOUR CAMBRIDGE CENTER THUS'!' {the ~'Gral1tor O O } ; underDeclaration of Trust dated June 25, 1981, as amended, first

    inafter "Deeds") in Beok 14355, Page 372.The following are facts relevant to the execution of this

    A. Pursuant to the provisions of that certain Open SpaceR es tr ic ti on C ov en an t (hereinafter the "Open Space Covenant No. l U Jrecorded ~':l'itl1Deeds in Book J.4692, Page 111 and filed ~vith theMiddlesex Bouth Registry District of the Land court [the"District") as Document No. 626277, the Grantor dedicated, aspublic open space~ a pOttion of the roof of certain impr.ovements(:said por tLon therein and herein. the "open Space Area") vc ont ai ni ng 13, 565 s qu ar e feet, m6rB or less. being shown as ParcelB on Sheet 3 of 3 an that certain plan entitled "Easement Plan DfLand in COlmbddgeq Masso~' fili:st dated October 15, 1981, preparedby Allen & Demur jLan, InCa (the "easement Plan~'h recorded lIJ'ith

    de dicate d by the Grantor as public open space under and pursuantto Section 14.424 of the Zoning Ordinance for the City of

    Zoning Ordinance requires that a minimum of 100,000 square feet

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    Th e ~estrictiDnB on the Open Space Area imposed by the Gra nto ru nder t he Open Space Covenant N c. 1 bu rdened Tr act I, Tract II and

    Cambridge, Mass." dated October 15, 1981, prepared by Allen &nemur jLan , Inc. (the "Subdivision Plan") I ("hich .subdivisiorlJP1i;Uliis r eco rded wit h sa id Deeds a s Pl an N o. 140 7 of 1901.

    XL The Open Space Area rtJhich ~Jasdedicated a s pubLi c opens pac e under Open S pac e Co venant N o. 1 w as c on st ru ct ed on a portionof the r oof o f c ert ai n gar ag e impro vement s (th e o~ImprO'i7emEHltsQO),

    Lind e a nd Mor timer 8, Zuckerman g as TnJlsitees of Pi rst Camb:d dg eCenter Pa rking Tr ust ("Pirs t Par king Trus t"), under Dec lar ati on o fTrust d a t e d June 25, 1981, a s a mended, fir st recor ded w ith sa idDeed s i n B ook 14355, Pa ge 382 , Fi rst Pa rki ng Tru st being thehol der of t he tenant 's inter est in a certa in lease (th e "Gro undL e a se " ) d ated Aug ust 6 v 1982, in r espec t of Tra ct III {and cer tai nappur tef lant rig hts a nd easements) fro m t he Gr ant or h ereing asla ndl ord , a noti ce o f w hic h Gro und Lease i s rec ord ed with sai dDeedi in Boo k 14692. Page 129. and f iled wi th the Dist ric t as

    Co The G rantor wishes to d edi cat e th at portion of th e roo f

    feet, m ore Dr Leas e as a ddU t ior lJa lpU lbHc open space pur sua nt toS ec t i o n 140 424 o f t h e Zoni ng Ord ina nce. and t o gr ant va rio us

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    r i gh t s a nd ea sement s to pro vid e a c ces s t h er et o. For th e. pu r po s esh ereo f, t h e po rt i on o f t h e r o of ar ea sh o w n a s Pa rc el A o n th eE as ement Pl a n (S h eet 3 o f 3) i s her ei naf t er ref er r ed t o In t h i sC ovenant a s t h e " A d d i t i o n a l O pe n S pa c e A l ea ".

    NOW THEREFOREp tne Grantor hereby imposes the follo"WJingr es tr i ct i on o n t he A d d it i ona l Open S pac e A rea a nd a s su mes t hefolldwing o b l i g a t i o n s in connection therewitlrl:

    {l ] t o pr o vi d e li g ht and a i & t o t he Impr ovements , a nd (2 )> fors ce ni c~ r ec re at io na l f 0[' s im i la r pu rpo s es . Th e A d di t i ona l Opef ll lS p a c e A r e a s h a l l b e a p s f i l l8 f 1 l l dvailable t o t h e c o m m ~ n i t y ~ s e o f

    and end i ng o ne h ou r befo r e s u nset ; pro vi ded th a t G r ant o r Dr F i r s tPa rki ng Tr u st m a y (i) af t er 15 d a y s' pr i or w r i tt en no t i ce t o t h eC i t y Mana ger o f t he C i t y of C a mbr idg e v Dr h i s s uc c es s or o rd esi g neeu a d o pt rea so na bl e r ul es a nd r egu l at i ons fo r pu r pos es o f.

    us e a nd opera t io n o f t h e A dd i t io nal Open S pa ce A r ea u w hi c h r ul esa n a ~eg ul a ti o ns may ~ i nter a l i a . mo di f y t h e da y s a nd h o u ~s d u ri ngwh i ch th e A d d it i ona l Open S pac e A r ea s h al l b e open and a v a i l a b l e

    r u les and reg ul a t io ns 8S ma y be a ppr o ved by s ai d Ci t y M a n a g e r , o r

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    a bl y w it h hel d o r d el a yed . Th e f Ill o ti c eo sa i d Ci t y Ma na g er berei n-above required must B et fDr t h the proposed rules and re gulation s,

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    a br i ef Explanation of: t he rea s o n f or s uc h r u les and t'egulat:ions,t he p ro po se d e ff ec ti ve d at e o f ~ uc h r u les a nd r eg ul at io ns a nd a no ff al : t o m eet \-7i t h s a i d city Ma na ger, o r h i s s u c c es s o r o rdes i gnee. t o d i sc u s s s uc h r u l es a nd r egu l a ti o ns. The G r a nt o r orpi r s t pa r ki ng Tr u s t, a s t he ca s e ma y be, s h a l l u se r ea so na bl ee f f o r t s t o s o c ons ul t w i t h said C it y M an ag er , o r h is s uc ce ss or o rd es i g nee, a t l ea st 10 d a ys p r i o r t o t h e i mp le me nt a ti o n of s u c hp ro po se d r ul es and r eg u l a t i o ns.

    (p) N o s u c h r ul es a nd r eg ul at io n: > s ha ll be va li d if t h ey a r ea t v a r i a n c e 1 -1 it ht h e r eq ui r em en ts o f s a i d S ec t i o n 14.424 o f t h eZoning O rd in anc e t ha t the A d d i t i o na l Open S pa ce & rea be o p en and.a v a i l a b l e t o t h e c o mmu ni t y u s e o f t h e r es i d ent s , lessees a ndv i s i t o r s t o t h e M XD D is t; ;: ic t f o r teasonable,arnounts o f t i me o n ar e g l J la r b a s i s .

    (e) Subject t o rUles a nd r eg u l a t i o ns w h i c h ma y be a d o p t e d a sa f or es a id , t he G ra nt o r covenants t h a t Buch, r es id en ts , l es se es a ndvi s i t o t s s h a l l b e ent it led t o u s e a ll pedestrian i ng res s a nde gr es s a cc es s a nd aasement a r ea s a s w er e g r a nt ed by t h e G r a nt o r i nr es p ec t of a nd a s a ppu rt ena nt t o t he OpG!D Space Covenant l~o. J, r asmo re pa r ti c ul ar l y d es cr i bed t h er ei n, i nc lu di ng , w it ho ut l im it a-t i o n. a l l s t a i r w a y s a nd e l ev at o rs c o ns t ru c te d a s pa r t bf t h eI mp ro ve me nt s a nd l ea d i ng t o t h e r o o f o f t h e I m p r o v em ent s , t o g e t h e r"l i t h s u c h r i g h t s o f p a s s a g e a c r o s s t h a t po r t i o n o f. th e r o o f a r eao f t h e Impr o vement s w h i c h i s sh o w n a s Par c el B o n t h e E a s em entPlan ( S h eet 3 o f 3}, a s ma y be r ea s o na b l y requ ir ed , a l l f or t h esa l e a nd e J C cl u s i v e p u r p os e o f providing p ed es t : d a n ing res s a ~d

    " . . .r._ .'

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    egress (1) to a nd f r om t h e Ad d i ti o nal Open Spa ce Area , a nd [ ii)between Sixth S tr eet and t h e ea s t er l y bou nd ar y o f a a id Pa rc el nand bet ween Br oa dw ay Street a nd t he nor t h er l y bou nd ar i es o f Par celA a nd Par cel B as s h ow n on t he E a sement Plan [Sh eet 1 of 3).

    Cd l t he a fo r esa i d r est r i ct i o n reg a r di ng t h e use and enjo y-ment of t h e A d di t i ona l Open Spa ce A rea, t he Impro vement s a nd t h ea cc ess w a ys r el at i ng t h eret o s h al l be a bu r den on s a i d Tr ac t s I,II and III s ho w n on t he S u bdi vi si o n Pl an and s h al l r un t o t h ebenefit of, and shall be enf or cea bl e bYf t he City of Cambridge,

    ,e) The G ra nt or CDvenant s a nd a g r ees t o keep in effec t. Drc a us e t o be kept in ef fec t. a t a l l t i mes , g ener al l ia bi li t y ins u r-ance naminq the City of Cambridge and the Cambridge Rede~Jelopmeli1ltAut hor I ty ~the "eRA") as JP'; ;H,"Ues Lnsur ed , ~!.U:h limits of not lesst h a n $ 1 ,0 0 0, 0 00 /$ 5 ,0 0 0, 0 00 a g a i n s t c l a i m s f o r i n ju r y t o o r deatho f o ne o r mo r e t ha n one per so n, no t l es s th a n S5DD.DDO fo r pr o p-ert y da ~ a ge and no t les s t h an $50 ,0 0 0 f o r med i c al pa yments (orsu c h g rea t er li mi ts a s s aId Ci ty Manager , o r h is s uc c ess o r o rdesignee. o r t h e CRAg o r i ts s u c ces s or publ i c body. ma y r eas onabl yr eques t f r om t ime t o ti me due t o a l l eged inc i d ent s oc c u rr i ng o no r abo u t t h e A d di t i ona l Open Space A rea o r t he o th er a r ea s t o beopen and a va Ll a b Le f o r c ommuni t y u s e pur s u a nt t o t he terms h ereo f 0Upon reques t therefor. t h e G r a nt o r s h al l pr ompt ly f u rni s h, o rc a us e t o be f ur nis h ed pr o mpt l y, t o t h e CR A and t h e C i t y o fCa mbr i dg e evidence. rea s o na bly sa t i sf a c to r y t o t h e eR A and t h eC i t y of Ca mbr id g e, t ha t t he a f o res a id i ns ur a nce i s beingmaintairnedo

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    "(f) Th e G r a nt o r c o ve na nt s a nd a g r ees t o m a i nt a i n , o r c a u s eto be ma intained, th e Add itional Open Spac e Area and a ll improve-ments thereto (incl uding, wi thout limitat ion, l andscaping) and allmea ns of access to said Additional Open Space Area as are requiredto be open and available fer community use pursuant fC O the termshereof, in an attractivB o good, clean and sanitary conditione freeof debris and (except; rOlL' the roof of the Improvements) su Eie.i.=ciently free of s now and ice to provide adequate and safe pedes~trian a c c e s s as a f o r e s a i d ,

    (g) Th is Covenant sh all terminate au tomatically without therequirement of the execution 6r recordation of any further instru-ment of termination, upon the earlier o f: (1) the d a t e on w hicht he Improvements, or any substant ial pa rt thereof, no lOlllgerexists by rea son of casualty or taking3 and Iii) August 5, 2022(being the date coinc ident wi th the date provided in the OpenSpace Covenant No, 1 fot t ermination of such Covenant).

    (h} Subject to the provisions of the preceding paragraph [ g}a nd the provi so at ~he end of this sentence, this Covenant may notbe a mend ed, modified Dr terminated except by a majority vote ofthe city CounciI of the City of Cambridge and ~dth th e approva), ofthe Grantor, its successors-in-title and assigns, and FirstParking Trust , its successors and assigns$ provided t hat t hisC o v ena nt m a y be amended D r modif ied from time to time between th e

    and the Boston Safe Depo sit and Trust Company, as Trustee of the

    ! :

    " J.'

    -: :~

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    Sllf:folJ~, ss B es to n, M as sa ch us et tsSeptember25, 1986Th en per so na ll y Bppea~ed the above-named David Barrett andEdt,yardH. Linde, Trustees of Pour Cambridge Center Pcl!.:!dTlltg Trust,and acknowl.edqed the foregoing Lnstrument to be their free act anddeed, as T~usteesr before me

    1\jc.'1 r : i t J o ~ < 1 LorJI.. Hi'"a r y Pu b11c --~ --Commission E~gpilres~ !(),Z'1.'$]

    First Parking Trusto for itself, and its successors andass igns, hereby joins in t his Covenant f or the purpose of (I)confirming and consenting to the rights granted herein and theo bl ig at .i on s i mp os ei J h e r eb y '!oJ! tihl r espec c to the Implro'IYemelflts andthe access ways relati ng thereto. and IIi) confirming that itsrights and obligati ons unde~ the Ground L e a se shall remain at allt i m e s subject a nd s u bo r d i na t e t o s u c h r i g h t s g r a nt ed herein and

    :'."

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    65jSO';;-fDNJ M J \COM l> lON t'>1EALTH OF fo lASSACHU5E 'l'TS "" - n~ C " ( .5!,)fr--d~e';;'J S:;. ~f'VeJ'-!&~ c'~::'>.1 11,

    Then per s o na l l y a ppea red t h e a bo ve-named Da vId B a r r et t a ndEdt1ard IlL Linlde, Trustees of First Cambridge Center fi,S'u:!dng Tnlstua nd a c k n o w l e d g e d t ne f or eg oi ng i ns tr um en t t o be t hei r f r ee a c t a ndd eed a s Tr u s t ees , bef o r e me

    The B o s t o n S a f e Depo s i t a nd Tr u s t c o mpany , a s Tr u s t ee o fTe le ph on e R ea l E s t a t e Equ i t y Tr u s t (f o r m er l y kn o w n a s Bell S y s t e mTr u s t]v being t h e h o l d er o f t h e Lea s eh o l d Mo r t g a g e r eferenced inPa r a g r a ph (h ) o f t h i s Open S pa ce Res t r i c t i o n Co vena nt No.2 ,enc u mber ing t h e l ea seh o l d es t a t e and interes t s o f F i r s t Pa rki ngTr u s t u nder t h e G r o u nd Lea S B g f o r i t s el f a nd i t s S u c c es s o r s a nda s s i g ns o h ereby jo i ~ s i n t h i s Co venant f o r t h e pu r po s e o fc o ns ent i ng t o t h e r i g h t s g r a nted her ein and t h e o bl i g a t i o nsi mpo sed her eby w i t h r es pec t t o t h e Impr o vem ent s a nd t h e a c c es sw a y s r el a t ed t h eret o. and d o es h ereby s u bo r d i na te t he Lea seh o l dMo r t g a g e a nd t h e l ien t her eo f t o r i g h t s g r a nted h erei n and t h eo bl i g a t i o ns i m po sed hereby. a l l w i t h t h e s a me f o r c e and ef fec t a si f t h i s Open Spa ce Res t r i c t i o n C o vena nt N o.2 h a d been exec u t ed ,d el i vered . r B c o r d ed a nd reg i s t ered pt i o r t o t h e exec u t i o n ud el i ver y , r E c o r d a t i o n and r eg i s t r a t i o n o f t h e Lea seh o l d Mo ~ t g a g e.

    [S i g na t u r es Co nt inued on Pa g e 10]

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    80STO~ SAFE DEPOSIT AND TRUSTCOMPA N Y ; TR U S TE E OF TE LE PH O N EREM" ESTATE EQUITY TRUST( f o r m er l y knew n a s B el l S y s t emTr u s t )

    ...... " ... "'

    ','

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    i!

    Suffolk I 5S B os to n, Ma ss ac hu set tsSeptember 2 0 1 r 1986

    Then personally appeared before me Ih(f,}c,-ltJz.d J ) e J,\" ,auG:. ilIte. ",&e.l t 'Jl~l of The Boston Company Real Estate Counsel,Inc., a s Agent o f B es t o n S a f e Depo s i t and T r u s t Company in itscapacity as Trustee of Telephone Real Estate Equity Trust( f o r m er l y known as Bell System T r u s t ) , and acknowledged the .f or eg oi ng i ns tr um ent t D be the free act and deed of said corp6ra-t i o n i n i t s capacity a s aforesaid. .Name e /~ta r-y~p='u""b:-: :"l"l.c- --~'---

    My Commission EJtp: r8s.g_' ~DANIEL P,I-IQUvjEs' NOrM\' PIlBt.MV COlVlMISS~O l\J!: j{P!!"lESJANIJARV2. HJ92 .

    . ! !

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    EXHIBITFFour CC Covenant Modification

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    MODIFICATION OF OPEN SPACE RESTRICTION COVENANT

    THIS MODIFICATION OF OPEN SPACE RESTRICTION COVENANT (the"Modification") is made as of the __ day of ,2012 by BP FOUR CC LLC, aDelaware limited liability company ("BP").

    RECITALSWHEREAS, reference is made to that certain Open Space Restriction Covenant dated asof August 6, 1982 (the "Covenant") granted by The Trustees of Four Cambridge Center Trust("Four CC Trust") and recorded with the Registry in Book 14692, Page Ill.WHEREAS, BP is the successor-in-title to Four CC Trust.WHEREAS, BP East Garage LLC, a Delaware limited liability company, is the

    successor-in-title to First Parking Trust by virtue of an Assigrnnent of Ground Lease andQuitclaim Deed to SP East Garage LLC, dated November 30,2006, recorded with the Registryin Book 48591, Page 2 and filed with the Middlesex South Registry District of the Land Court(the "District") as Document No. 1428738, as to the tenant's interest in a Ground Lease betweenFour CC Dust, as landlord (now held by the Trust), and the Trustees of First Parking Trust, astenant, Notice of which Ground Lease is dated August 6, 1982, recorded with the Registry inBoook 14692, Page 129 and filed with the District as Document No. 626279, as affected by (i) aNotice of Termination of Trust vesting tenant's interest in First Cambridge Center ParkingAssociates, the beneficiary, dated June 25, 1993 recorded with the Registry in Book 23375, Page440 and filed with the District as Document No. 1156590, (ii) an Assignment of Ground Lease toFirst Cambridge Center Parking, Inc. dated September 5, 1997, recorded with the Registry inBook 28027, Page 498 and filed with the District as Document No, 1156591 and (iii) anAssignment of Ground Lease and Quitclaim Deed to CRP-IILP Cambridge G, LLC dated July25,2006, recorded with the Registry in Book 47939, Page 193 and filed with the District asDocument No. 1418318.

    WHEREAS, capitalized terms used herein and not otherwise defined have the meaningset forth in the Covenant.WHEREAS, the Trust desires to modify certain provisions of the Covenant.NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good andvaluable consideration in hand this date paid by each of the parties to the other, the receipt andsufficiency of which are hereby severally acknowledged, and in further consideration of the

    mutual promises herein contained, the parties hereby agree to and with each other as follows:1. The Open Space Area shall consist of the area shown as Parcel B on that certain

    Easement Plan dated ,2012 prepared by Allen & Major Associates,Inc. to be recorded with the Registry contemporaneously herewith, and shall contain7,071 square feet, more or less.1

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    2. The Covenant shall terminate automatically without the requirement of the execution orrecordation of any further instrument of termination, upon the earlier of: (i) the date onwhich the Improvements, or any substantial part thereof, no longer exist by reason ofcasualty or taking; and (ii) August 5, 2050.3. Except as herein modified, the Covenant shall remain unmodified and in full force andeffect. All references to the "Covenant" shall be deemed to be references to the Covenantas modified hereby.

    [Remainder of page intentionally left blank]

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    WITNESS the execution hereof under seal as of the day and year first written above.

    BP FOUR CC LLCBy: Boston Properties Limited Partnership,its sole member

    By: Boston Properties, Inc.,its general partner

    By: _Name: ---------------------Title: ---------------------

    BP East Garage LLC, as successor-in-title to First Parking Trust, for itself and its successor andassigns, hereby joins in this Modification for the purpose of (i) confirming and consenting to theright granted in the Covenant and the obligations imposed thereby with respect to theImprovements and the access ways relating thereto and (ii) confirming that its rights andobligations under the Ground Lease shall remain at all times subject and subordinate to suchrights granted in the Covenant and such obligations imposed thereby.

    BP EAST GARAGE LLCBy: Boston Properties Limited Partnership,its sole member

    By: Boston Properties, Inc.,its general partner

    By:---------------------Name: -------------------Title: -------------------

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    COMMONWEALTH OF MASSACHUSETTS))COUNTY OF )

    On this _ day of ,2012, before me, the undersigned notary public, personallyappeared , proved to me through satisfactory evidence of identification,which were , to be the person whose name is signed on the preceding andacknowledged to me that he signed it voluntarily for its stated purpose as Senior Vice Presidentof Boston Properties, Inc., the general partner of Boston Properties Limited Partnership, the solemember ofBP Four CC LLC.__________ (official signature and seal of notary)My commission.expires: _

    COMMONWEALTH OF MASSACHUSETTS))COUNTY OF )

    On this _ day of , 2012, before me, the undersigned notary public, personallyappeared , proved to me through satisfactory evidence of identification,which were , to be the person whose name is signed on the preceding andacknowledged to me that he signed it voluntarily for its stated purpose as Senior Vice Presidentof Boston Properties, Inc., the general partner of Boston Properties Limited Partnership, the solemember of BP East Garage LLC.___________ (official signature and seal of notary)My commission expires:----

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    EXHIBITGEast Garage Covenant Modification

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    MODIFICATION OF OPEN SPACE RESTRICTION COVENANT NO.2

    THIS MODIFICATION OF OPEN SPACE RESTRICTION COVENANT NO.2 (the"Modification") is made as of the day of ,2012 by THE TRUSTEES OF TWOCAMBRIDGE CENTER TRUST under Declaration of Trust dated March 15, 1985 and recordedwith the Middlesex South District Registry of Deeds (the "Registry") in Book 16221, Page 423,as amended (the "Trust").

    RECITALSWHEREAS, reference is made to that certain Open Space Restriction Covenant No.2

    dated as of September 25, 1986 (the "Covenant") granted by The Trustees of Four CambridgeCenter Trust ("Four CC Trust") and recorded with the Registry in Book 17438, Page 57.WHEREAS, the Trust is the successor-in-title to Four CC Trust.WHEREAS, BP East Garage LLC, a Delaware limited liability company, is thesuccessor-in-title to First Parking Trust by virtue of an Assignment of Ground Lease andQuitclaim Deed to BP East Garage LLC, dated November 30, 2006, recorded with the Registryin Book 48591, Page 2 and filed with the Middlesex South Registry District of the Land Court(the "District") as Document No. 1428738, as to the tenant's interest in a Ground Lease betweenFour CC Trust, as landlord (now held by the Trust), and the Trustees of First Parking Trust, as

    tenant, Notice of which Ground Lease is dated August 6, 1982, recorded with the Registry inBoook 14692, Page 129 and filed with the District as Document No. 626279, as affected by (i) aNotice of Termination of Trust vesting tenant's interest in First Cambridge Center ParkingAssociates, the beneficiary, dated June 25, 1993 recorded with the Registry in Book 23375, Page440 and filed with the District as Document No. 1156590, (ii) an Assignment of Ground Lease toFirst Cambridge Center Parking, Inc. dated September 5, 1997, recorded with the Registry inBook 28027, Page 498 and filed with the District as Document No, 1156591 and (iii) anAssignment of Ground Lease and Quitclaim Deed to CRP-IILP Cambridge G, LLC dated July25,2006, recorded with the Registry in Book 47939, Page 193 and filed with the District asDocument No. 1418318.

    WHEREAS, capitalized terms used herein and not otherwise defined have the meaningset forth in the Covenant.

    WHEREAS, the Trust desires to modify certain provisions of the Covenant.NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good andvaluable consideration in hand this date paid by each of the parties to the other, the receipt andsufficiency of which are hereby severally acknowledged, and in further consideration of themutual promises herein contained, the parties hereby agree to and with each other as follows:

    1. The Additional Open Space Area shall consist of the area shown as Parcel A on thatcertain Easement Plan dated ,2012 prepared by Allen &Major

    1Cambridge Center General 'Amendments'Modification of Open Space Restriction Covenant No.2

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    Associates, Inc. to be recorded with the Registry contemporaneously herewith, and shallcontain 18,269 square feet, more or less.2. Section (g) of the Covenant is hereby amended by deleting the date "August 5, 2022" inthe fifth (5th) line thereof and substituting the date "August 5, 2050" therefor.3. The Leasehold Mortgage referenced in Section (h) of the Covenant has been discharged

    pursuant to a Discharge of Mortgage dated November 27,2000, recorded with theRegistry in Book 32076, Page 95.4. Except as herein modified, the Covenant shall remain unmodified and in full force andeffect. All references to the "Covenant" shall be deemed to be references to the Covenantas modified hereby.

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    WITNESS the execution hereof under seal as of the day and year first written above.

    TWO CAMBRIDGE CENTER TRUST

    By:-----------------------------Michael A. Cantalupa, for himself andhis fellow Trustees, but not individually

    BP East Garage LLC, as successor-in-title to First Parking Trust, for itself and its successor andassigns, hereby joins in this Modification for the purpose of (i) confirming and consenting to theright granted in the Covenant and the obligations imposed thereby with respect to theImprovements and the access ways relating thereto and (ii) confirming that its rights andobligations under the Ground Lease shall remain at all times subject and subordinate to suchrights granted in the Covenant and such obligations imposed thereby.

    BP EAST GARAGE LLCBy: Boston Properties Limited Partnership,its sole member

    By: Boston Properties, Inc.,its general partner

    By: _Name:--------------_Title: -----------------

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    COMMONWEALTH OF MASSACHUSETTS) )COUNTY OF )

    On this _ day of ,2012, before me, the undersigned notary public, personallyappeared , proved to me through satisfactory evidence of identification,which were , to be the person whose name is signed on the preceding andacknowledged to me that he signed it voluntarily for its stated purpose as Trustee of TwoCambridge Center Trust but not individually.__________ (official signature and seal of notary)My commission expires: _

    COMMONWEALTH OF MASSACHUSETTS) )COUNTY OF )

    On this _ day of ,2012, before me, the undersigned notary public, personallyappeared , proved to me through satisfactory evidence of identification,which were , to be the person whose name is signed on the preceding andacknowledged to me that he signed it voluntarily for its stated purpose as Senior Vice Presidentof Boston Properties, Inc., the general partner of Boston Properties Limited Partnership, the solemember of BP East Garage LLC.__________ (official signature and seal of notary)My commission expires: _

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    EXHIBITHModification Plan

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    - - . . ( 7v :J1d JJ .) 3N17 lDV81 80 11f 31NI

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    EXHIBIT IProposed New Park

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    e n H H U BINNEY STREET PARK [ CSIA Landscape Architects LlC )0 ~ ;$ ~~ .:!I:! ELMSTREET I aOMEf1I,/ILLEMA112144 I www.cbotand.com~;' Cambridge, MA pI>On0617.6:!3Tllon , 1. 617.110.6775 I cbullcblJlaml.eombndacopDBrchteclurQI DESIGN OPTION 2 - DOG & PEOPLE PARK urt:lQlldo~I\) ~~ii~ mnsltl,plpnnng

    http://www.cbotand.com/http://www.cbotand.com/
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    EXHIBIT JCovenant for Proposed New Park

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    OPEN SPACE RESTRICTION COVENANT

    This COVENANT, made effective as of this __ day of ,2012, byCAMBRIDGE REDEVELOPMENT AUTHORITY, a public body politic and corporate,having an office at One Cambridge Center, Cambridge, Massachusetts 02142 (the"Grantor") .

    The following are facts relevant to the execution of this Covenant:A. The Grantor is the owner in fee of a parcel of land in Cambridge,Massachusetts, containing 47,000 square fee, more or less (the "Park Parcel"), which is more

    particularly described on Exhibit A attached hereto.B. Grantor has agreed to dedicate of record the Park Parcel as public open spacefor the benefit of the general public and to use the Park Parcel for the purpose of installingand maintaining grass, walkways, shrubs and other forms of landscaping and publicamenities.C. By the dedication thereof as set forth herein, the Park Parcel shall constitute

    public open space under Section 14.42 of the Zoning Ordinance for the City of Cambridge(the "Zoning Ordinance").NOW THEREFORE, the Grantor, hereby imposes the following restrictions on thethe Park Parcel, and assumes the following obligations in connection therewith:(a) The Park Parcel shall be used only: (1) to provide light and air to the

    surrounding buildings and improvements; (2) for scenic, recreational, or similar purposes;(3) for subsurface utility services (including, without limitation, gas, electric, telephone andcable), water service and stormwater drainage; and (4) for a dog park in a portion of the ParkParcel to be appropriately fenced off from the remainder of the Park Parcel. The Park Parcelshall be open and available for the use of the community, seven days a week, during theperiod commencing one hour after sunrise and ending one hour before sunset; provided thatGrantor may upon reasonable prior written notice to the City Manager of the City ofCambridge, or his successor or designee, adopt such reasonable rules and regulations withrespect to the use and operation of the Park Parcel (which rules and regulations may, interalia, reasonably modify the days and hours during which the Park Parcel shall be open andavailable for community use as aforesaid) as may be approved by said City Manager, or hissuccessor designee, which approval shall not be unreasonably withheld, denied or delayed.The notice to said City Manager hereinabove required shall set forth the proposed rules andregulations, a brief explanation of the reason for such rules and regulations, the proposedeffective date of such rules and regulations and an offer to meet with said City Manager, orhis successor or designee, within a reasonable amount of time prior to the implementation ofsuch proposed rules and regulations.

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    - 2-(b) No such rules and regulations shall be valid if they frustrate the requirementsof the Zoning Ordinance that the Park Parcel be open and available for community use forreasonable amounts of time on a regular basis.(c) The aforesaid restriction regarding the use and enjoyment of the Park Parcel

    shall be a burden on the Park Parcel, and shall run to the benefit of, and shall be enforceableby, the City of Cambridge.

    (d) The Grantor covenants and agrees to maintain, or cause to be maintained, thePark Parcel and all improvements thereon (including, without limitation, any landscaping) inan attractive, good, clean and sanitary condition, free of debris, and all pedestrian paths andpassageways located on the Park Parcel shall be maintained sufficiently free of snow and iceto provide adequate and safe pedestrian access in accordance with City of CambridgeDepartment of Public Works' guidelines.

    (e) This Covenant shall terminate automatically without the requirement of theexecution or recordation of any further instrument of termination, forty (40) years from thedate hereof.

    (f) Subject to the provisions of the preceding paragraph (e), this Covenant maynot be amended, modified or terminated except by a majority vote of the City Council of theCity of Cambridge and with the approval of the Grantor, its successors-in-title and assigns.(g) The rights and obligations of the Grantor hereunder (including, withoutlimitation, the right to adopt rules and regulations pursuant to the terms thereof) shall beappurtenant to and a burden upon the Park Parcel and shall run to the benefit of, and beenforceable by, the City of Cambridge.

    [page ends here]

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    - 3 -

    IN WITNESS WHEREOF, the undersigned has caused this Covenant to be duly executed,under seal, on the day and year first above written.

    CAMBRIDGE REDEVELOPMENT AUTHORITY

    Cambridge\GeneraJ\Open Space Restriction Covenant (CRA Land)(A).doc

    By: __Name: ---------------------Title:

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    - 4-COMMONWEALTH OF MASSACHUSETTSCOUNTY OF , ss.

    On this day of ,2012, before me, the undersigned notary public,personally appeared , proved to me through satisfactory evidenceof identification, which were , to be the person whose name is signed onthe preceding document and acknowledged to me that (he)(she) signed it voluntarily for itsstated purpose, as of Cambridge Redevelopment Authority,a public body politic and corporate._____________ (official signature and seal of notary)My commission expires: _

    Camhridge\General\Open Space Restriction Covenant (CRA Land)(A).doc

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    EXHIBIT ALegal Description

    A certain parcel of land situated in the City of Cambridge, Middlesex County,Commonwealth of Massachusetts bounded and described as follows:Beginning at a point of tangency of a curve having a radius of 25.00 feet at the intersection o rthe southwesterly sideline of Binney Street and the northwesterly sideline ofGalileo GalileiWay, thence running along said curve, to the right, a length of 55.89 feet to a point ofreverse curvature;Thence running along a curve to the left having a radius of 380.00 feet, a length of 403.51feet, to a point of tangency;Thence running S1046' 14"W, a distance of 60.3 feet, more or less, to a point;The preceding three courses run along said sideline of Galileo Galilei Way;Thence turning and running N79 15' 33"W, by land now or formerly of CSXT, a distance of21.6 feet, more or less, to a point;Thence turning and running NI0044'27"E, by land now or formerly ofCSXT, a distance of526.8 feet, more or less, to a point on said sideline of Binney Street;Thence turning and running S5714'06"E, a distance of22.9 feet, more or less, to a point;Thence turning and running S5624'42"E, a distance of209.28 feet to the point of beginning;The preceding two courses run along said sideline;Containing an area of 47,000 square feet, more or less, or 1.08 acres, more or less, shown asCRE-3 on a plan entitled "Sheet 2 of 2 sheets, Existing Conditions Site Plan, Galileo GalileiWay, Cambridge, Mass." prepared by Harry R. Feldman, Inc., dated September 2007.