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INCREMENTAL CONSTRUCTION OF <br />PHASE II IMPROVEMENTS <br /> <br />Redeveloper's Election to <br />~vide the Phase II Parcel. <br />~ the event the Redeveloper <br />.ects to acquire and develop <br />le Phase II Parcel in incre-. <br />~nts, Redeveloper shall nQtify <br />the Agency as tO its election <br />to divide the Phase II Parcel <br />into two or three subparcels <br />and submit a proposed configura- <br />tion of such Subparcels. <br /> <br />Approval - Redeveloper's Election <br />to Divide Phase II Parcel. Agency <br />shall approve or disapprove Rede- <br />veloper's election to divide the <br />Phase II Parcel into two or three <br />subparcels and proposed configu- <br />ration of each such subparcel. <br /> <br />Not later than 30 days after <br />conveyance of the Phase I Parcel. <br /> <br />Within 30 days after receipt by <br />the Agency <br /> <br />-7- <br /> <br /> <br />