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6\c k y°wdr of C—AA Avl&et t-� provisions of the Guidelines contained in Exhibit B. If a Homeowner is identified, it is anticipated that the Developer will involve the Homeowner in the various activities required under the Guidelines so that the Homeowner will have an opportunity to contribute suggestions concerning development of the Property. Section 3.7. Closing. Closing shall take place on or before July 1, 2017 ("Closing Date"), or such other date as may be agreed to by the Developer and Authority in writing. At Closing, the Developer must comply with the provisions of Section 5.1, in addition to providing the Note and Mortgage for the Purchase Price. Section 3.8. Closing Costs. The Developer will pay: (a) the closing fees charged by its title insurance company or other closing agent, if any, utilized to close the transaction for Developer; (b) title services chosen by Developer pursuant to Section 3.2 above, including the premium for title insurance policy, if any, and (c) the recording fees for this Agreement and the deed transferring title to the Developer. Authority will pay all other fees normally paid by sellers, including (a) any transfer taxes, and (b) fees and charges related to the filing of any instrument required to make title marketable. Each party shall pay its own attorney fees. Section 3.9. Sewer and Water. Authority warrants that city water is available at the lot line and city sewer is available at the curb. Section 3.10. ISTS Disclosure. Authority (is) -(is not) aware of any individual sewage treatment system on the property. Buyer is responsible for all costs of removing any individual sewage treatment system that may be discovered on the Property. Section 3.11. Well Disclosure. Authority's knowledge of wells on the Property is disclosed in Exhibit D. ARTICLE IV. CONSTRUCTION OF IMPROVEMENTS Section 4.1. Construction of Improvements. The Developer shall construct the Improvements on the Property in accordance with the Guidelines and the Construction Plans, shall cause the Improvements to meet or exceed the Minimum Market Value specified in Section 1. 1, and shall maintain, preserve and keep the Improvements in good repair and condition. The Developer shall provide his or her proposed construction plans to the Authority for review; if the proposed construction plans are in conformity with this Agreement and the Guidelines, the Authority will approve the Construction Plans following review and comment by the Homeowner, if identified. Section 4.2. Construction Plans. No building permit will be issued by the City unless the Building Plans are in conformity with the Guidelines, the Construction Plans, the Developer's Minimum Market Value, any other requirements contained in this Agreement, and all local, state and federal regulations. The Developer shall provide the Authority with a set of 6 498768v2 MNI RS275-12