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<br /> . <br /> value of the property shall be determined by averaging the three appraisals. The right of the <br /> Authority under this subsection shall be documented in an option agreement that shall be in <br /> recordable form and placed of record against the Redevelopment Property. <br /> (c) The Redeveloper agrees for itself, its successors and assigns, and every successor <br /> in interest to the Redevelopment Property, or any part thereof, that the Redeveloper, and such <br /> successors and assigns, shall promptly begin and diligently prosecute 10 completion the <br /> redevelopment of the Redevelopment Property through the construction of the Minimum <br /> Improvements thereon, andlhal such construction shaH in any cvent be commenced and <br /> completed within the period specified in this Section 4.3 of this Agreement. . <br /> Subsequent to <br /> conveyance of the Redevelopmenl Property, or any part thereof, 10 the Redeveloper, and until <br /> construction of the Minimum Improvements has been completed, the Redeveloper shall makc <br /> construction progress reports, al such times as may reasonably be requested by the Authority, but <br /> not more than once a month, as to the actual progress of the Redeveloper with respect to such <br /> construction. <br /> . <br /> . <br /> 11 <br /> ,:G'd 6N31. lZ6 <:19 "l;'d '3>1130 '3 A3l(jt:l~ 1.1:S1 1.661-61-c:l3S <br />