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SENT BY:SF OFFICE : 1-30-96 : 0:49 KEYSER MARSTON 5105776007:#10/10 <br />VI. CONSIDERATTON RECEIVED AND REASONS THEREFOR <br />The Agency is receiving a land payment for the value of the interests being conveyed to the Developer <br />which is consistent with the provisions of the Agreement. The land payment is estimated to be <br />$1,320,000 (324 per sq.ft. of land area). The Agency is obligated to deliver a clear, rough graded site <br />to the Developer ready for development. <br />The consideration being paid to the Agency is equal to the estimated value for the highest and best use <br />of the interests being conveyed to the Developer. <br />19096U3016-001 AW Page 9 <br />