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Performance. The purchase price for such Third Sub Parcel shall be allocated through escrow at the rate of TWO DOLLARS AND THIRTY SEVEN CENTS ($2.37) per square foot to be conveyed. The sum of FIFTY ONE THOUSAND SEVEN HUNDRED SIXTY TWO DOLLARS AND FIFTY CENTS ($51,762.50), comprised of the Redeveloper's Initial Advance shall be credited in escrow toward payment of the purchase price for such Third Sub Parcel. .In no event shall the Redeveloper be re- quired to advance and deposit in escrow toward payment of the PurChase Price for the Phase II Parcel an amount in excess of such Purchase Price for the Phase II Parcel as hereinabove set forth in Section 1. SEC. 8. SPECIAL PROVISIONS (a) Execution of Con~a.c~-Housin~ ~ssis.t.ance Payments. Authority agrees to enter into an Annual Contributions Contract ("ACC") with HUD, which shall provide for annual contributions to the Authority for housing assistance payments with respect to the low and moderate income housing units to be developed on the Phase I Parcel. The'form and content of said Contract shall be as re- quired by HUD. After execution of the ACC by HUD, Authority and Redeveloper shall enter into an Agreement to enter into Housing Assistance Payments Contract which will provide that upon satisfactory com- pletion of the housing, the Authority and the Redeveloper will enter into a Housing Assistance Payments Contract for the purpose of making housing assistance payments to eligible persons occupy- ing the housing units to be developed on the Phase I Parcel. Said agreement shall be subject to approval by HUD. Upon completion of such housing development and acceptance thereof by the Agency, Authority and Redeveloper shall then enter into the HOusing Assistance Payments Contract which shall be ap- proved by HUD. (b) Assignm~nts~ Transfers, Joint Ventures and. ~rtqerships. Notwithstanding any other Provisi°n of ~his Agreement,' in01ud- ing the provisions contained in Part II hereof, the Rede%eloper agrees that prior to recordation of a Certificate of Completion for the Improvements on the Property (a) there will not be made any assignment, conveyance, or any other form of transfer of the Property, or any interest therein, excepting the encumbrancing of the Property for purposes of securing interim and permanent financing for the construction of the Improvements, without the prior written consent of the Agency, the Authority and HUD, and (b) no redeveloper or owner shall be substituted for those named in Redeveloper's pro- posal and this Agreement without the written consent of the Agency, the Authority and HUD. However, the Redeveloper, with the written agreement of the Agency and the Authority (which agreement shall not be unreasonably withheld by the Agency and Authority) reserves the right at its discretion to join and associate with other entities in join venture, limited or general partnerships or otherwise for the purpose of acquiring and developing the ProPerty or portions thereof, provided at all times prior to the recordation of a Certi-