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~pproval - Final Construction Draw- ings and Specifications and Finish Grading Plan. Agency shall approve or disapprove the Final Construction Drawings and Specifications and Finish Grading Plan for the Phase II improvements. Submission - Evidence of Equity Capital and Mortgage Financing. Redeveloper shall submit to the Agency satisfactory evidence that Redeveloper has the necessary equity capital and mortgage financing com- mitments for the construction of the Phase II improvements. CONVEYANCE OF TITLE TO THE PHASE II PARCEL Opening of Escrow. Agency shall open escrow for conveyance of the Phase II Parcel. Deposit of the Deed in Escrow. Agency shall deposit the deed to the Parcel in escrow. Conveyance of Title. Agency shall convey title to Redeveloper and Redeveloper shall accept conveyance . of title to the. Phase II Parcel. Commencement of Construction. Redeveloper shall commence construction of the Phase II improvements. Completion of Construction. Redeveloper shall complete construction of the Phase II improvements. Within 30 days after receipt by the Agency Within 30 days after final approval '' of Final Construction Drawings and Specifications and Finish Grading Plm for the Phase II improvements by the Agency. At the Agency's option or.within 5 days after receipt of written request from Redeveloper. No% later than. 5 days prior Go the date of conveyance. Within. 30 days after Agency notifies Redeveloper that Agency has acquired title to the Phase II Parcel, all occupants have been relocated and the Agency is prepared to deliver title and possession to Redeveloper, but in any event not later than two years after the date of execution of this Agreement by the Agency. Within 30 days after conveyance of title to the Phase II Parcel. Within 360 days after commencement of construction. -6- I:E8 Z 8 19U