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(b) All insurance acquired under the terms of this article must be obtained through an insurance company authorized to do business in the State of California, and certificates of insurance must be filed with the Agency. (c) To maintain the Property pursuant to the Agency Deed, and to maintain the Adjacent City Property in conformity with the Agency Deed and the License Agreement. (d) To maintain the Adjacent City Property for the life of the Redevelopment Plan, as more particularly provided in Section 4.12 hereof. If Developer, its successors or assigns are in default of the aforementioned Operating Covenant, after Developer has satisfied the requirements for issuance of a Certificate of Completion for the Developer Improvements, Agency shall have as its remedy the right to, at its discretion, either a) enter the Property and /or the Adjacent City Property, as applicable, to conduct such reasonable maintenance and security measures as the Agency deems necessary, and remit the costs of such . maintenance or security to the Developer which shall reimburse the Agency for such costs within thirty (30) days and if such reimbursement is not made, the Agency shall record a lien on the Property to secure such payment or b) pursue any legal and /or applicable remedies, including without limitation specific performance and/or damages. 4.07 Progress Reports. Until construction of the Developer Improvements has been completed, Developer shall provide a report to the Agency on the second Monday of every month with the following information: (a) the percent of the project that is complete; and (b) whether the project is adhering to the schedule set forth in the Construction Plans, and if not, accurately describe the discrepancy between the current schedule and the schedule set forth in the Construction Plans. Developer authorizes the Agency to have full access to all building inspection reports and other information at the City to assist the Agency in reviewing the actual progress of construction. Developer shall allow the Agency to review construction documents and records maintained by Developer in the ordinary course of the construction as may be reasonably requested by the Agency. 4.08 Agency to Receive Copy of Construction Contract. • Developer shall enter into contracts for the construction of the Developer Improvements with contractors licensed by the State of California. Copies of all contracts shall be tendered to the Agency for the limited purposes of determining that the amount of the cost of work has been clearly fixed and determined, that the materials and qualifications for improvements conform to the Scope of Development, as herein provided, and that the covenants as to Equal Opportunity in Construction (Section 4.09 of this Agreement) have been met. Unless the Agency notifies the Developer in writing within fifteen (15) days after receipt by the Executive Director of submission of the contract that the contract has been disapproved, it shall be deemed approved. 4.09 Equal Opportunity. During the construction of the Developer Improvements, Developer shall not discriminate on the basis of race, religion, sex, or national origin in the hiring, firing, promoting or 21 D0050074604 I v4\24258.0002 •