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for any reduction in income below the Income Baseline. FREG Stephenson will provide documentation of the total income collected for the applicable qumier and payment of any reduction in income shall be made within 30 days after receipt of such documentation. During the performance of the Project, FREG Stephenson will maintain a standard operating environment with respect to maintenance and landlord-tenant interaction/relations and will continue to provide services to tenants at a minimum at the level provided prior to commencement of the Project. 2. The University's reimbursement obligation pursuant to Section 3.C.1. above will only occur during the period of commencement of the University Project until six months after the University Project is complete and the City's reimbursement obligation pursuant to Section 3.C.1. above will only occur during the period of commencement of the City's Project until six months after the City Project is complete ( each, a "Recovery Period"). 3. For purpose of clarity: a) The University Project is anticipated to be complete within 12 months after the Closing. b) The City Project is anticipated to be complete within 12 months following the completion of the University Project. c) All construction under the Project will be deemed concluded once normal traffic and access has been restored to the University site related to the Project and Seitz Park, and the City has (i) repaved and restriped the parking areas on the prope1iy owned by FREG Stephenson and (ii) rebuilt the trash enclosure to match the condition depicted in Exhibit J attached hereto, which includes 48 parking stalls directly south of the Prope1iy and 13 parking stalls directly West of the Prope1iy as depicted on Exhibit K attached hereto and comprised of Lot 2 of the Seitz Park Subdivision. d) Notwithstanding anything to the contrary contained in this Agreement, if the Project is not completed within 30 months after the Closing (the "Outside Completion Date"), then the University or the City shall pay FREG Stephenson additional consideration of $200.00 per day for each day from the expiration of the Outside Completion Date until the Project is complete. 4. The provisions of this Section 3.C. shall survive the Closing or any termination of this Agreement. D. Project Documentation 8