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• Section 3 . 1 . Sections 3 . 5 . ( b ) and 4 . 3 ( a ) of the <br /> Redevelopment Contract shall be amended with respect to Walker as <br /> follows : The Agency shall reimburse Walker for all costs <br /> associated with clearing the Subject Premises from all existing <br /> improvements thereon such that Walker is able to receive the <br /> Subject Premises in a buildable condition, cleared to grade. The <br /> Agency ' s obligations hereunder shall not be in excess of Nine <br /> Thousand and no/100 Dollars ($9,000. 00) . In the event that the <br /> costs associated with the clearing of the Subject Premises exceed <br /> Nine Thousand and no/100 Dollars ($9 ,000 . 00) , the Redeveloper <br /> shall be solely responsible for such excess costs, provided that <br /> the Redeveloper shall designate the site preparation contractor . <br /> The total obligation of the Agency under Section 4.3 (a) of the <br /> Redevelopment Contract shall remain unchanged , but the amount <br /> paid by the Agency under this Section 3 . 1 shall apply to the <br /> total obligation for Phases II and III. <br /> Section 3 . 2 . In the event that the Subject Premises become <br /> exempt from real estate taxes , the provisions of Sections 3 . 6 , <br /> 6 . 1 , 6 . 2 , and 9 . 3 (c ) of the Redevelopment Contract with respect <br /> to the payment of real estate taxes shall be inapplicable to <br /> Walker . In the event that the Subject Premises become exempt <br /> from real estate taxes , the parties hereto shall enter into a <br /> mutually agreeable arrangement for the payment of fees in lieu of <br /> real estate taxes provided that such arrangement is acceptable to <br /> and approved by HUD. In the event that upon conveyance by the <br /> Agency of the Subject Premises to Walker , 'the Subject Premises <br /> -9- <br />