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ARTICLE V • Construction of Minimum Improvements Section 5.1. Construction of Minimum Improvements The Multifamily Developer agrees that it will construct the Minimum Improvements on the Multifamily Development Property in substantial conformity with the approved Construction Plans and will maintain, preserve and keep the Minimum Improvements or cause the Minimum Improvements to be maintained, preserved and kept with the appurtenances and every part and parcel thereof, in good repair and condition. Section 5.2. Preliminary Plans. The City and the Multifamily Developer acknowledge that before the date of this Agreement the Multifamily Developer submitted to the City Preliminary Plans for the Minimum Improvements. The Preliminary Plans have been reviewed and approved by the City. Section 5.3. Construction Plans. The Multifamily Developer shall deliver the Construction Plans for the Minimum Improvements to the City. The City shall review the Construction Plans and will deliver to the Multifamily Developer within fifteen (15) days after receipt of the Construction Plans, a written statement approving the Construction Plans or a written statement rejecting the Construction Plans and specifying the deficiencies in the Construction Plans. If the City rejects the Construction Plans, in whole or in part, the Multifamily Developer will submit new or corrected Construction Plans within fifteen (15) days after written notification to the Multifamily Developer of the rejection. The provisions of this Section relating to approval, rejection and resubmission of corrected Construction Plans will continue to apply until the Construction Plans have been approved by the City. The City's approval of the Construction Plans shall not be unreasonably withheld, conditioned or delayed. Section 5.4. Chanties to Plans. If the Multifamily Developer desires to make any • .changes in any Construction Plans after their approval by the City, the Multifamily Developer shall submit the proposed change to the City for its approval provided that no approval shall be required if the aggregate amount of such changes do not alter the construction cost for the Development by an increase or decrease of more than ten percent (10%) and if such change is not otherwise required to be submitted to the City pursuant to City law and ordinances or pursuant to any agreement entered into in connection with the City's planned unit development approval. The City's approval of changes pursuant to this Agreement will not be unreasonably withheld, conditioned or delayed. If the Construction Plans, as modified by the proposed change, are acceptable to the City, the City shall approve the proposed change and notify the Multifamily Developer in writing of its approval. Any requested change in the Construction Plans shall, in any event, be deemed approved by the City unless rejected, in whole or in part, by written notice by the City to the Multifamily Developer, setting forth in detail the reasons therefor. Such rejection shall be made within ten (10) days after receipt of the notice of such change. Section 5.5. Commencement and Completion of Construction Subject to Unavoidable Delays, the Multifamily Developer shall commence construction of the Minimum Improvements within thirty (30) days after the Closing Date and complete such construction within twenty four (24) months after commencement. All work with respect to the Minimum Improvements to be 13 ~~