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TABLE OF CONTENTS <br />PAGE <br />PART ONE: PROJECT ... 2 <br />Article One: .............................................................. <br />DEVELOPER'S AND CONTRIBUTOR'S PRE-DISPOSITION REQUIREMENTS .. . <br />. 2 <br /> 1.01 Conditions Precedent ......... 2 <br /> 1.02 ..................................... <br />The Development .................................................. . <br />. 2 <br /> 1.03 Project Financing ........................................ 3 <br /> 1.04 ........... <br />Final Develooment Plan ................................ . <br />4 <br /> 1.05 .............. <br />Construction Plans . ................................. <br />4 <br /> 1.06 ................ <br />City of San Leandro Approval .......................................... 4 <br /> 1.07 Time for Construction . ............................... 5 <br />Article Two: ............... <br />AGENCY PRE-DISPOSITION REQUIREMENTS ............................ 5 <br /> 2.01 Conditions Precedent ................................... 5 <br /> 2.04 ............. <br />Environmental Review. ............................ 6 <br /> 2.05 ............... <br />Conditions ofTitie .................................... 6 <br />Article Three ............... <br />: DISPOSITION OF PROPERTY ........................ 7 <br /> 3.01 ................. <br />Sale and Purchase ................................... 7 <br /> 3.02 ............... <br />Purchase Price and Agency Loan ..................................... 7 <br /> 3.03 Opening Escrow . ................................... 7 <br /> 3.04 ................ <br />Close of Escrow ..................................................... 8 <br /> 3.05 Condition ofTitie ..................................... 8 <br /> 3.06 ............... <br />Costs of Escrow and Closing .......................................... 8 <br />Article Four: CONSTRUCTION OF IMPROVEMENTS .................................. 8 <br /> 4.01 Construction Pursuant to Plans . ....................................... 8 <br /> 4.02 Construction Plans Must Be Approved . ................................. 9 <br /> 4.03 Change in Construction Plans ........................................ 9 <br /> 4.04 Completion of the Improvements ....................................... 9 <br /> 4.05 Agency to Receive Copy of Construction Contract ........................ 9 <br /> 4.06 Equal Opportunity ................................................... 9 <br /> 4.07 Certificate of Completion for Improvements .............................. 10 <br /> 4.10 Construction Bonds ................................................. 10 <br />Article Five: CHANGES IN DEVELOPER ............................................ 10 <br /> 5.01 Identity of Developer ..........................:..................... 10 <br /> 5.02 Chan4es Only Pursuant To This Agreement ............................. 10 <br /> 5.03 Prohibition Against Transfer of Site and Assignment of Agreement........... 11 <br />Article Six: DEFAULT ............................................................ 11 <br /> 6.01 Scope of Remedies ................................................. 11 <br /> 6.02 No Fault of Parties .....................................:............ 11 <br /> 6.03 Fault of Agency .................................................... 12 <br /> 6.04 Fault of Developer .................................................. 12 <br />Article Seven : SPECIFIC REQUIREMENTS REGARDING REMEDIES .................... 14 <br /> 7.01 Rights Upon Default ............................................... 14 <br /> 7.02 Construction Plans . ................................................ 14 <br /> 7.03 Rights of Mortgagees . .............................................. 14 <br />