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conditions of the Settlement Agreement between the City and the Guerin Family Partnership. 8. Subdivision of Redevelopment Properties. The City agrees to cooperate with Redeveloper's efforts to subdivide the Redevelopment Properties for conveyance to the various ownership entities and agrees that if Redeveloper determines it is necessary to subdivide the Redevelopment Properties prior to conveyance, subject to its legislative judgment, the City will execute a plat of subdivision prepared at the expense of Redeveloper upon execution of the final Development Agreement covering such Property. The parties agree that the plat of subdivision shall dedicate the north 10 feet of the Southeast Property as additional right -of -way for Little Canada Road to allow completion of the streetscape planned for the area. 9. Construction of Improvements. The minimum improvements for both Redevelopment Projects shall be constructed pursuant to plans that are developed with and approved by the City as part of the final Development Agreement. Said plans shall be developed in accordance with the Rice Street /Little Canada Road District Architectural Guidelines dated June 1996 a copy of which Redeveloper hereby acknowledges receipt. 10. Redeveloper Contingencies. Redeveloper acknowledges that the completion of the Redevelopment Projects is a high priority for the City. The Redeveloper agrees that the contingencies in Redeveloper's favor set forth in the Development Agreement shall be limited to title and survey matters, environmental and soil conditions matters, obtaining governmental approvals, including approvals of construction plans, financing and the satisfaction by the City of its obligations under the Development Agreement. 11. Redeveloper Guaranty. The parties agree that the final Development Agreements will provide for repayment of the City's costs for land assembly, demolition, legal, administrative, real estate taxes, and consultant's fees associated with the acquisition of the Southeast Property which are estimated to be approximately $2 to 2.2 million subject to provisions for public assistance as described in Section 7 of this Agreement. The repayment terms included in the Development Agreements shall result in approximately 50% of the repayment amount being made upon closing the Redeveloper's financing and the balance upon the completion of the For Sale Housing Component. 5