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Quality of Minimum Improvements: The Redeveloper will not be required to execute assessment agreements. To ensure quality of the Minimum Improvements, the Redeveloper will provide the City with a description of the housing products or other Minimum Improvements to be constructed and specifications of construction materials, fixtures and available upgrades. Both parties acknowledge that it is in their mutual interest to maximize land sales proceeds and the value of the completed Minimum Improvements. The City will have the right to decline to approve the Minimum Improvements if +i+�hr �'�[ 4' �:� N3�i�aart c� i�:� rE��3� i l appears 15� L�,� CitY--that the total market value of the Minimum Improvements will nc7- 6� , � least 90% �ti ��t��'the total market value projected in the Redeveloper's pro foi-rna-��ii��css. The City will not rej eci the Minimum Improvements if the Redeveloper �r t�itt�+�t�l�m��rs� i n;.�� to the City's reasonable satisfaction that the market will not support the product set forth in the Redeveloper's pro forma. Capitalized Interest: Capitalized interest during the construction period and costs of issuance of any City public improvement or special assessment bonds and TI Revenue Bonds will be tax increment eligible expenses. Gran�s, Responsible Parties: The Redeveloper and City will cooperate and use their best efforts to recover costs of environmental remediation from responsible parties and +� �'�+�~�~ �ry�°�+��°will also seek �nrants from the State of Minnesota, Metropolitan Council, DEED or other available public funds. Subject to reimbursement as Eli�ible Costs within the limitations set forth herein. the Redeveloper will advance costs that were expected to be defrayed bv grants that are not received. Government Approvals: The Redeveloper and City will cooperate and use their best efforts to obtain all necessary government approvals. Pez-�nits/Fees: The Redeveloper will comply with all applicable City building codes and construction requirements. The Redeveloper will pay normal permit, plan review, utility access and park dedication fees and will be responsible for obtaining all building, plumbing, electrical and mechanical permits prior to construction. City fees (infrastructure, impact, permits, other) are set forth on Exhibit C. Zoning and Land Use Approvals/Easements Normal and customary site and building plan review requirements will be followed. The Redeveloper will pay for rezoning, subdivision, platting, plat amendment, PUD and preparation of restrictive covenants, easements, reciprocal easements, and any other documentation necessary for the consta-�.�etion and sale of the i�