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3. Upon the reverting in the City of title to the Property as provided in this section, the <br />City may, pursuant to its responsibilities under state law, use its best efforts to release the Property <br />as soon and in such manner as the City shall find feasible and consistent with the objectives of such <br />law and to a qualified and responsible party or parties (as determined by the City), who will assume <br />the obligation of making or completing the improvements, or such other improvements in their <br />stead, as shall be satisfactory to the City. In any event, the City shall retain all revenues associated <br />with said release of the property. <br />4. The rights established in this section are to be interpreted in light of the fact that the <br />City will lease the Property to Delhi for a Community Center and not for speculation in developed <br />land. <br />Section 510. Arbitration <br />A. Arbitration of Disputes. [Note that the provisions of this Section are not <br />applicable and binding unless initialed by both Parties.] <br />1. Any claim, controversy, dispute or disagreement related to this <br />Agreement shall, at the request of either Party hereto, be submitted to final and binding <br />arbitration before the American Arbitration Association ( "AAA ") in Orange County, California, <br />pursuant to the AAA's Commercial Arbitration Rules in effect at the time a request for <br />arbitration is filed (the "AAA Rules "). The Parties hereby irrevocably consent to venue in <br />Orange County, California. The arbitrator (the "Arbitrator ") shall be appointed pursuant to the <br />procedures set forth in the AAA Rules. The arbitration shall commence at the earliest possible <br />opportunity unless otherwise agreed in writing by the Parties hereto. The Parties shall promptly <br />and diligently cooperate with one another and the Arbitrator, and shall perform such acts as may <br />be reasonably necessary to obtain a prompt and expeditious resolution of the dispute or <br />controversy in accordance with the terms hereof. The Parties agree that the Arbitrator shall have <br />the power to decide all issues of fact and law and report its decision thereon and issue all legal <br />and equitable relief appropriate under the circumstances of the controversy or dispute before it. <br />The Arbitrator shall try all issues, whether of fact or law, and record a finding and judgment <br />thereon and shall hear and determine all pretrial issues and motions and post -trial motions related <br />to the judgment filed or to be filed and to act on all matters related thereto which may be within <br />the jurisdiction of the Superior Court of the State of California. With respect to substantive (as <br />opposed to procedural) matters, the Arbitrator shall be required to apply the laws of the State of <br />California when deciding the issues of the Arbitration and rendering its decision. Except as <br />otherwise provided by the AAA Rules, all rules of evidence as set forth in the California <br />Evidence Code, other statutory and decisional law of California and all local court rules and <br />California Rules of Court shall be applicable to any proceeding before the AAA. The Arbitrator <br />shall render its final decision in writing, stating the reasons for each component of its decision. <br />The Parties agree to be bound by the final decision of the Arbitrator and to promptly provide the <br />