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� � {1 • Y _ y � � <br />by the Redeveloper and recorded a�;ai��st the Redevelopment <br />Properry. <br />Effect of Term Sheet: This Term Sheet outlines the terms under which t�e parties are <br />willing to enter into a Redevelopment Agreement, but does not <br />constitute an offer or acceptance on either party's part. All rights and <br />obligations with respect to the Redevelopment Property will only be <br />as provided for in a Redevelopment Agreement approved by the City <br />Council and the Redeveloper. <br />9 <br />