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�� At least every other month, commencing on June 1,2004, Redeveloper shall provide the City with written reports as to the Redeveloper's progress in assembling the it��o1-��ation and analyses necessary to comply with this Agreement and proceed with the Redevelopment. Upon reasonable request of the City, Redeveloper also agrees to present verbal reports to the City t'�: ti il� I: about progress under this Agreement. 8. Detez'ra�i�a�tion to Proceed to Redevelo�ment Agreement. Upon receipt of all i��formatiotz and docurlex�tatio� required to be provided hereunder, and any additional i�fortnation t.I�e City may require, tlae City shall review the same and determine whether it desires to proceed to �uqr1� with Redeveloper to negotiate a Redevelopment Agreement relative to the Redevelopment Area. Such det�n�3ir�aCipn shall be in the sole discretion of the City. Unless sooner teiminated pursuant to Section 14, if the City determines that based upon the information provided or based upon a failure by Redeveloper to provide required in:Fatxnation, to make satisfactory progress toward tl�e iza�plemer�tat�on of the Redevclo�mez�t or to otl�erwase perform its obligations hereunder, it is not i n its best i�1te�-ests to continue to work with Redeveloper, it shall so notify Redeveloper, whereupon this Agreement shall terminate upon the expiration of the Term (as defined in Section 14) and, neither party shall have any rights or obligations, including, without limitation, any obligation for reimbursements for costs incurred hereunder, to the other party or to a third party under this Agreerne�i. The pa��ties agree that the execution of a RedevelopmentAgreement Shall be subject to: (i� A determination by the City, in its sole discretion, that its undertakings are financially feasible and in its best interest, and (ii) A detenl�inatio3l by Redeveloper,in its sole discretion, thatits undertakings are financially feasible and in its best interest. 9. Redevelopment :�_��t_� �,_t�i i ii'��_ Assuming the completion of the work desc�ibed above and ti�e resolution of any other issues contemplated by this Agreement, then by March 3 7, 2005, Redeveloper ;ii' �: tlze City intend to execute a Redevelopment A�;reement (or the first of a series of Redevelopment Agreements). The Redevelopment Agreement will include all of the ier�s and conditions for the redevelopment of the Redevelopment Area and it will be necessary for Redeveloper and the City to address, among other issues, the following: �i� Type, quantity and quality of the minimum improvements (ii) Tiining of the acquisition by the City and Redeveloper of parcels for various phases. (iii) Timing of co�isfr�icti0r� of the minimum improvements o f the intended phases or portions of the phases. (iv) payment by Redeveloper for the Redevelopment Area. .. -. . � ._,._ - - � . . �