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Exhibit F (or in such other form as mutually agreed) with Equal Construction, LLC, and the <br /> Board of Works whereby the Commission and the Board of Works shall designate and appoint <br /> Equal Construction, LLC, as construction manager and agent to act on behalf of the Commission <br /> and the Board of Works in connection with the construction of the Local Public Improvements <br /> (the "Construction Management Agreement"). Pursuant to the Construction Management <br /> Agreement, Equal Construction, LLC, shall be responsible for and/or enabled to (a)preparing the <br /> plans and specifications for the Local Public Improvements, (b) preparing all necessary bid <br /> documents and legal advertisements, scheduling and participating in any pre-bid meetings with <br /> potential bidders, reviewing bids and making recommendations with regard to the award of bids, <br /> (c) supervising and monitoring the construction of the Local Public Improvements, including <br /> establishing the timing, sequence and phasing of construction of the Local Public Improvements, <br /> (d) recommending and processing change orders, and (e) reviewing all payment requests <br /> submitted by contractors and vendors and recommending payments to be made by the Board of <br /> Works. The Commission shall be responsible for reallocating the costs amongst the budgeted <br /> line items within Exhibit C for provision of the full Funding Amount toward the Local Public <br /> Improvements. <br /> 6.2 Option to Acquire South Parking Lot Property. Equal Holdings XII, LLC <br /> ("Equal Holdings"), an affiliate of the Developer, will acquire the South Parking Lot Property in <br /> connection and simultaneous with the Developer's acquisition of the Hoffman Hotel Property, <br /> for the purpose of providing dedicated surface parking to the Developer for tenants of the <br /> Project. Equal Holdings will grant an exclusive parking easement to the Developer, for a term <br /> not to exceed ninety (90) years, pursuant to an Easement Agreement substantially in the form <br /> attached hereto as Exhibit G. Equal Holdings will also grant an access easement to the owner of <br /> the corner surface parking lot to the immediate north of the South Parking Lot Property, pursuant <br /> to an Access Easement Agreement substantially in the form attached hereto as Exhibit H. <br /> Following the execution, delivery and recording of the Easement Agreement and the Access <br /> Easement Agreement, Equal Holdings will grant to The Commission an option to purchase the <br /> South Parking Lot Property at a purchase price of One and 00/100 Dollars ($1.00), which shall <br /> be exercisable by The Commission commencing upon the completion of the Local Public <br /> Improvements and the completion of construction of the Project, and extending for a period of <br /> twenty (20) years thereafter (the "Parking Purchase Option"). The Parking Purchase Option <br /> shall be in substantially the form attached hereto as Exhibit I, and shall provide for the transfer <br /> of the South Parking Lot Property free and clear of liens and encumbrances, other than the <br /> easements granted pursuant to the Easement Agreement and the Access Easement Agreement, <br /> which shall remain in place following such transfer, subject to the termination provisions set <br /> forth therein, and any other liens and encumbrances approved by The Commission. The <br /> Commission shall be entitled to record a memorandum of the Parking Purchase Option with <br /> respect to the South Parking Lot Property following the recording of the Easement Agreement <br /> and the Access Easement Agreement. The Easement Agreement, the Access Easement <br /> Agreement and the Parking Purchase Option shall be executed and delivered simultaneous with <br /> this Agreement. <br /> SECTION 7. COOPERATION IN THE EVENT OF LEGAL CHALLENGE. <br /> 7.1 Cooperation. In the event of any administrative, legal or equitable action or <br /> other proceeding instituted by any person not a party to this Agreement challenging the validity <br /> (20142670.DOCX) <br />