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4. EFFECTIVE DATE OF AGREEMENT <br />This Agreement shall take effect from and after the date of adoption and approval by the <br />City and the Agency pursuant to official action of the governing bodies thereof and shall be <br />effective for a duration not to exceed the time necessary for the City to complete the work and for <br />the Agency to pay the City in full. This Agreement shall apply to all activities carried out by the <br />parties as set forth in Section 1 hereto. <br />