Authorizing the execution of a contract for the purchase of certain disposition parcels inthe Urban Renewal Central Downtown Project

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-7- Sec. 2 . Time for Construction. The City agrees for itself, its successors and assigns, and every successor in interest to the Parcels, and each Deed shall contain covenants on the part of the City for itself and such successors and assigns, that the construction of the Improvements referred to in Section 1 of this Article III shall, with respect to each Parcel, be commenced within three months after the Agency' s conveyance to the City of the Parcel on which such Improvements, or such part of the Improvements, are to be constructed and, except as otherwise provided in this Agreement, shall be com- pleted within thirty months after the Agency' s conveyance of such Parcel. It is intended and agreed, and each Deed shall so expressly provide, that the agreements and covenants of the Agreement pertaining to the Improvements shall be covenants running with the land and that they shall, in any event, and without regard to technical classification or designation, legal or otherwise, and except only as otherwise specifically provided in the Agreement, be to the fullest extent permitted by law and equity, binding for the benefit of the community and the Agency and enforceable by the Agency against the City, its successors and assigns, and every successor in interest to the Property, or any Parcel thereof or any interest therein. Sec. 3. Report on Progress. Subsequent to conveyance of any Parcel to the City and until construction of the Improve- ments on such Parcel has been completed, the City shall, upon written request of the Agency, make, in such detail as may reasonably be required by the Agency, and forward to the Agency a report in writing as to the- actual progress of the City with respect to such construction. During such period, the work of the City shall- be subject to inspection by the Agency. Sec. 4. Access to Property. Prior to delivery of possession of any Parcel to the City, the Agency shall permit the City access thereto, whenever and to the extent necessary to carry out the purposes of this and other sections or pro- visions of the Agreement; and, subsequent to such delivery, the City shall permit access to any Parcel by the Agency whenever and to the extent necessary to carry out the purposes of this and other sections or provisions of the Agreement. Sec. 5. Certificate of Completion. Promptly after completion of the Improvements on any Parcel in accordance with the provisions of the Agreement, the Agency shall furnish the City with an appropriate instrument so certifying. Such certification by the Agency shall be, and it shall be so