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Attachment A ARTICLE III Property Acquisition Section 3. L Conveyance of the Property. (a) The City will convey title to and possession of the Redevelopment Property to the Redeveloper at a Closing (as defined in Section 3.3(b) hereo�, subject to all the terms and conditions of this Agreement. (b) On or before the Closing, the Redeveloper shall prepare and obtain City approval of a plat of the Redevelopment Property (the "Redevelopment Plat") at Redeveloper's cost and subject to all City ordinances and procedures. Nothing in this Agreement is intended to limit the City's authority in reviewing the preliminary plat, or to preclude revisions requested or required by the City. Section 3.2. Purchase Price; Provisions for Payment. The purchase price to be paid to the City by the Redeveloper in exchange for the conveyance of the Redevelopment Property shall be $1,120,017.42, payable at the Closing. At closing upon payment of the purchase price of $1,120,017.42 by the Developer the City shall reimburse the Developer for the purchase price from Pooled Tax Increments. Section 3.3. Conditions of Conve.�. (a) The City shall convey title to and possession of the Redevelopment Property to the Redeveloper by quit claim deed substantially in the form set forth on Schedule B to this Agreement (the "Deed"). The City's obligation to convey the Redevelopment Property to the Redeveloper is subject to satisfaction of the following terms and conditions: (1) The City having approved permanent financing for construction of a portion of the Minimum Improvements related to the first phase in accardance with Article VII hereof, and the Redeveloper having closed on such permanent financing related to such phase at or before Closing on transfer of title to the Redevelopment Property to the Redeveloper. (2) The City having approved the Redevelopment Plat in accordance with Section 3.1, and the Redeveloper having recorded the Redevelopment Plat at or before the Closing. (3) The City having approved all necessary zoning approvals, including any variances, for the Project on the Redevelopment Property in accordance with Section 3.1. (4) The City having approved Construction Plans for the Minimum Improvements in accordance with Section 4.3. (5) The Redeveloper having reviewed and approved (or waived objections to) title to the Redevelopment Property as set forth in Section 3.5. (6) There being no uncured Event of Default under this Agreement. 7 7174856v3