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<br />. <br /> <br />. <br /> <br />. <br /> <br />8.0 <br /> <br />negotiations according to the terms hereof, reserving discretion of final approval to <br />the City as to any Disposition and Development Agreement and all proceedings <br />and decisions in connection therewith. The City and Developer understand that <br />the property in question is currently ownt<d by the United States Government and <br />that the purpose of this Interim Agreement is to assist in negotiations with said <br />Government to have the site conveyed to the City on terms and conditions <br />favorable to the City and for the purposes outlined in this Interim Agreement or as <br />may be described in a final Disposition and Development Agreement. <br /> <br />Term of A2reement. This Interim Agreement shall become effective upon <br />execution by City and Developer ("Commencement Date") and shall terminate in <br />twenty-four (24) months from such Commencement Date unless terminated at an <br />earlier date as hereinafter provided, or extended by mutual consent of the parties: <br /> <br />A. Developer Non-feasibility Determination. If at any time the Developer <br />determines that the development of the AH Redevelopment Area is not <br />feasible for any of the following reasons, Developer can terminate this <br />Interim Agreement in its sole discretion: <br /> <br />1. <br /> <br />Inability to negotiate with government agencies under economical <br />terms for the disposition and remediation of the AH Redevelopment <br />Area. <br /> <br />2. Discovery of environmental conditions not currently anticipated and <br />remediation costs associated therewith which would make the <br />development not economically feasible. <br /> <br />3. Failure of the City to adopt a Comprehensive Plan Amendment <br />consistent with the Vento Plan for the AH Redevelopment Area. <br /> <br />4. Determination that private development of the AH Redevelopment <br />Area by Developer is not feasible. <br /> <br />5. Failure to secure governmental approvals which would allow <br />environmental remediation and redevelopment to occur. <br /> <br />6. Failure of Developer and City to agree to proceed with each step of <br />the proposed planning process, as outlined on Exhibit D attached <br />hereto. <br /> <br />8 <br />