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(i) Federal Labor Standards Provisi~ns. Redeveloper shall comply, an~ r~qu'lre al~'~ont'ra~t0~-s 'and subcontractors employed pursuant to this Agreement to comply, With all applicable Federal labor standards, and regulations issued pursuant to the Copeland Act, the Davis-Bacon Act and the Contract Work Hours and Safety Standards Act and such other federal standards and regulations as may be applicable from time to time. (j) Faithful Performance and Labor an~. Materia~(~a .~.ep.t)' Bonds. The Redeve~'oper agrees' to pr0cdre,''o~'cause the procurement, of con- tractor's bonds covering labor, materials and performance for conStruc- tion on the Property. Each such bond shall be in an amount equal to one hundred percent (100%) of the construction price in the contract entered into by Redeveloper and its general con~ractor. Said bonds and the construction contract must first be approved as to content and form' by the Executive Director and legal counsel for the Agency prior to commencement of construction. The Agency shall not unreason- ably withhold such approval. Redeveloper, shall, prior to commence- ment of construction, deliver to the Agency a certificate from the bonding company insuring aforesaid bonds, naming the Agency as an additional insured under said bonds so long as such naming 6f the Agency as additional insureds shall not be disapproved by HUD. (k) Covenant to Hold the Phase I Parcel as One Parcel. Re- developer covenants and agrehs"tha% the 'Phase I Parcel shall be held as one parcel and that no portion shall be sold separately. This covenant and agreement shall run with the land and shall be binding upon Redeveloper, and future owners, encumbrancers, %heir successors, heirs, assignees and shall continue in effect unless otherwise released' by authority of the Agenc~ and the Authority. (1) City and Other Governmental A~enc~ Permits and Fee~. Before commenceme~ of c~nstruction or ~evelopmeh6"~f any buildings, structures or other work or improvement upon the Property or any portion thereof, the Redeveloper shall at its own expense, secure or cause'to be secured any and all. permits and pay any and all fees and charges which may be required by the City or any other govern- mental agency affected by such construction, development or work. The Agency and the Authority shall provide all proper assistance to the Redevelopment in securing such permits. (m} Priority to ~isplaced Low and Moderate Income Persons and Families. Redeveloper agrees that'pe~so~'s or'famil'i%s of 'low and moderate income displaced by the Redevelopment Project shall be given priority in renting the housing to be developed pursuant to this Agreement. -23-