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the implementation of the Redevelopmentor to otherwise perform its obligations hereunder, it is not <br />in its best intereststo continue to work with Redeveloper, it shall so notify Redeveloper, whereupon <br />this Agreement sha11 terminate upon the expiration of the Term (as defined in Section 14) and, <br />neither party shall have any rights or obligations, including, without limitation, any obligation for <br />reimbursements for costs incurred hereunder, to the other party or to a third party under this <br />Agreement. The parties agree that the execution of a RedevelopmentAgreement shall be subj ect to: <br />(i� A determination by the City, in its sole discretion, that its undertakings are <br />financially feasible and in its best interest, and <br />(ii) A determination by Redeveloper, in its sole discretion, that its undertakings are <br />financially feasible and in its best interest. <br />9. Redevelopment.��}ernce� ,Assumingthecompletionoftheworkdescribedabove <br />and the resolution of any other issues contemplated by this Agreement, then by March 31, 2005, <br />Redeveloper and the City intend to execute a Redevelopment Agreement (or the first of a series of <br />Redevelopment Agreements). The Redevelopment Agreement will include all of the terms and <br />conditions for the redevelopment of the Redevelopment Area and it will be necessary for <br />Redeveloper and the City to address, among other issues, the following: <br />�i� Type, quantity and quality of the minimum improvements. <br />(ii) Timing of the acquisition by the City and Redeveloper of parcels for various <br />phases. <br />(iii) Timing of construction of the minimum improvements of the intended phases <br />or portions of the phases. <br />���' � Payment by Redeveloper for the Redevelopment Area. <br />��'� Security to be furnished to the City by Redeveloper to protect the City's <br />financial investment in the Project, which may include letters of credit or <br />similar guarantees and assessment agreements. <br />���i � Timing and payment for public improvements, including the use of special <br />assessments. <br />(vii) Responsibility for the application of grants, particularly from the State and <br />Metropolitan Council. <br />��iii j Responsibility, cost and timing of soil correction. <br />�ix� Responsibility, cost and timing of pollution abatement. <br />� <br />