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~ . Relocate all existing tenan#~ on the bite at the Agency's sole cost and expense, in <br /> accordance with ell existing federal, state, end local laws. <br /> Demolish all existing improvements on the i#e, <br /> 3. Remove and aba#e all debris from the i#e in compliance with all appiicable federal, <br /> state, and local Curs, and deliver to the Developer an Abatement Report tha# confirms <br /> tha# all hazardous rnaterials have been properly removed end abated from the bite. <br /> 4. on~rey to the Developer far ~ .a0, fee title to the parcels included in each Phase of the <br /> Project. closings for each Phase may occur separately. <br /> 5~ Indemnify the Developer again# any damage ar expense in connection with the <br /> Agency's relocation and demolition obligations, including any claims associated with the <br /> removal ar remediation of hazardous ma#erials. <br /> Approve and retard documents prepared by the Developer to impose easements, <br /> covenants, conditions and restrtc#ions on the Project or Phases of the Project to ensure <br /> orderly development in accordance with the Agreement. <br /> Provide financial assistance #o the Developer to fill the affordability gap associa#ed with <br /> the ran#al units in Phases R-~ and R-~ Agency Lawns - Rental ompanent}, The <br /> Agency Loans ^ Rental ompanent far each Phase wild be secured by a Deed of Trust, <br /> and are repayable from the cash flaw ~Resldual Receipts} genera#ed by Phases R~~ and <br /> R-~, The Agency Loans -Rental component gill be made in the fallowing amounts; <br /> a, ~0,$ million for Phase R-~; and <br /> b, X4,77 r~illian for Phase R-~. <br /> <br /> 8, Provide approximately ~ ,~8 million in financial ssis#ance to the Phase F <br /> developrnen#. This assistance will be structured as follows: <br /> a. A .5 million loan will be provlde~i to the Developer Agency Lawn ~ Phase <br /> The Agency Loan ~ Phase F will be repaid with any excess sales revenues <br /> generated by the Phase F development. <br /> b. Assis#ance totaling $3a,a~0 gill be provided to each qualified han~ebuyer of an <br /> Affordable For-dale Unit ~Hornebuyer Assistance Laar~s~. <br /> 1. Each FlomeboyerAsistnce Laan rr~ust be funded safely tram the Low <br /> and lUladerate income Housing Fund; and <br /> <br />