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the value of the land for and/or the cost of the installation and <br />construction of such Publicly Owned :Improvements. <br />D. The City has initially paid or will initially pay for <br />said Publicly Owned improvements on condition that the Agency <br />contribute to the costs of said Publicly Owned Improvements. <br />NOW, THEREFORE, the parties hereto do mutually agree as <br />follows: <br />1. SCOPE OF WORK <br />The City has caused or shall cause the land to be acquired <br />for, and has caused or shall cause to be designed, installed and <br />constructed, the Publicly Owned Improvements in a satisfactory and <br />proper manner pursuant to plans and specifications to be prepared <br />by the City. <br />2. COMPENSATION AND METHOD OF PAYMENT <br />The Agency shall pay the City the the cost incurred by the <br />City for the improvement works set forth in Section 1. From the <br />time the City incurs the cost of any particular improvement work <br />subject to this Agreement to the time the Agency reimburses the <br />City for that cost, the amount due to the City for such improvement <br />work shall bear interest at the rate of the average City return on <br />investment, as the same may change from time to time. Except as <br />may be otherwise provided (1) by separate agreement between the <br />City and the Agency, or (2) by budget appropriations or <br />appropriation adjustments approved by the City and the Agency, the <br />amount to be paid by the Agency hereunder shall be paid as follows; <br />upon the expiration of the redevelopment plan for a redevelopment <br />2 <br />