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~eposit of Deed in Escrow. Agency <br />shall deposit the deed to the Par- <br />cel in escrow. <br /> <br />Conveyance of Title. Agency shall <br />convey title to Redeveloper and Re- <br />developer shall accept conveyance <br />of the Phase I Parcel. <br /> <br />Commencement of Construction. <br /> <br />Redeveloper shall commence con- <br />struction of the Phase I improve- <br />ments. <br /> <br />completion of Construction. <br />Redeveloper shall complete con- <br />struction of the Phase I improve- <br />ments. <br /> <br />Not later than 5 days prior to the <br />date for conveyance of the Phase I <br />Parcel. <br /> <br />Within 30 days after Agency notifies <br />Redeveloper that it has acquired <br />title to such Parcel, all occupants <br />have been relocated and the Agency <br />is prepared to deliver title and pos- <br />session to Redeveloper.; but in any <br />event no later than slx months after <br />the date of execution of this Agree- <br />ment by the Agency. <br /> <br />Within 30 days after conveyance of <br />title to the Phase I Parcel. <br /> <br />Within 360 days after commencement <br />of construction or the period for <br />completion provided in the HUD <br />Building and Loan Agreement, which- <br />ever last occurs. <br /> <br />--4--' <br /> <br /> MAR <br />FEB 2 8 lgZh <br /> <br /> <br />