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2.4 'timeline. Union Station will provide the Commission with a plan of action for the Project, including but not limited to construction and improvement tasks that will be completed as part of the Project and an estimated timeline for their completion. 15 Nature of Improvements. The construction of improvements to the Ivy Tower Building shall be substantially of the same size, scope and nature as specified in the plans required in Section 2.4 of this Agreement. 2,6 Costs and Expenses. Union Station hereby agrees to pay, or cause to be paid, all costs and expenses related to the Project, exclusive of the limited costs for Improvements which shall be paid for by the City as specifically described in Article 3 of this Agreement. 2.7 Progress Reports. Union Station will provide the Commission staff with biannual reports concerning the progress of each of Union Station's Obligations under this Agreement, including but not limited to work completed, costs incurred, work remaining, and expected timeline for the Project's completion. The Commission staff will provide biannual reports to Union Station concerning the progress of the Commission's Obligations under this Agreement, which reporting shall continue until the Commission's Obligations have been satisfied. 2.8 Insurance. Union Station will purchase and maintain Comprehensive General Liability Insurance as is appropriate for the work being performed with respect to the Project. The City and the Commission shall be named as additional insureds on the policy or policies, to the extent reasonably obtainable. ARTICLE 3 COMMISSION'S OBLIGATIONS 3.1 Environmental Remediation, The Commission will obtain a Phase I & 11 Environmental Survey of the Ivy Tower Building. 3.2 Environmental Indemnification Agreement. The Environmental Indemnification Agreement attached hereto as Exhibit A is expressly made a part of this Agreement and constitutes a material provision hereof. 3.3 Commission's Building Investment. Upon the closing of the Ivy Tower Building purchase by Union Station and approval by the Commission of Union Station's plan of action, as outlined in Section 2.5 of this Agreement, the Commission will provide 53,500,000.00 of improvements to structurally stabilize and enhance the building to allow for its reuse (the "Improvements'), 3.4 Collaboration. The Commission agrees to work with Union Station or its affiliate to plan Ivy Tower Building improvements in order to best adapt the Ivy Tower Building as a collaborative multi -tenant facility to revitalize the Renaissance District. This provision is not intended to, and will not, prevent Union Station from implementing planned improvements in the most efficient and cost - effective manner, consistent with this Agreement. rd