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Aggregate Cumulative <br />Assessor's Minimum <br />Date Market Values <br />1989 :6,021,081.00 <br />1990 14,623,745.00 <br />1991 19,500,067,00 <br />Time lost as a result of Unavoidable Delays for any Phase shall be added to <br />extend any completion date above beyond such date, a number of days equal to the <br />number of days lost as a result of Unavoidable Delays. All work with respect to <br />the Minimum Improvements to be constructed or provided by the Redeveloper on <br />the Redevelopment Property shall be in conformity with the Construction plans as <br />submitted by the Redeveloper and approved by the City. <br />(b) The Redeveloper agrees for itself, its successors and assigns, and <br />every successor in interest to the Redevelopment Property, or any part thereof, <br />and each Redevelopment Property Deed shall contain covenants on the par! of the <br />Redeve!oper for itself and such successors and assigns, that the Redeveloper, and <br />such successors and assigns, shall promptly begin and diligently prosecute to <br />completion the redevelopment of th-: Redevelopment Property through the <br />construction of the Minimum improvements thereon, and that such construction <br />shall in any event be commenced and enmpleted within the period specified In this <br />Section 4.3 of this Agreement. It is intended and agreed, and the Redevelopment <br />Property Deeds shall so expressly provide, that such agreements and covenants <br />shall be covenants running with the land and that they shall, in any events and <br />without regard to technical classification or designation, legal or otherwise, and <br />except only as otherwise specifically provided in the Agreement Itself, be, to the <br />fullest extent permitted by law and equity, binding for the benefit of the City and <br />enforceable by the City against the Redeveloper and its successors and assigns. <br />Subsequent to conveyance of the Redevelopment Property, or any part thereof, to <br />the Redeveloper, and until construction of the Minimum improvements has been <br />completed, the Redeveloper shall make reports, In such detail and at ssch times as <br />may reasonably be requested by the City, as to the actual progress of the <br />Redeveloper with respect to such construction. <br />Section 4.4. Certificate of Completion. (a) Promptly after completion of <br />each Phase of the Minimum Improvements on each Parcel in accordance with those <br />provisions of the Agreement relating solely to the obll7ations of the Redeveloper <br />to construct such improvements (Including the dates for beginning and completion <br />thereof), the City will furnish the Redeveloper with an appropriate Instrument so <br />certifying. Such certification by the City sha:l be (and it shall be so provided in <br />the Redevelopment Property Deed and in the certification itself) a conclusive <br />determination of satisfaction and termination of the agreements and covenants in <br />the Agreement and in the Redevelopment Property Deed with respect to the <br />d its <br />Minimum sof the improvementsv onpsuch nParcel successors <br />the datessforr thenconstruct the <br />beginning and <br />completion thereof. Such certification and such determination shall not constitute <br />evidence of compliance <br />any Holder of a Mortgage, tor any tInsurer oof a Mortgage, obligation tgage,securing money loaned to <br />finance the Minimum Improvements, or any part thereof. <br />19 <br />