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(b) At the Closing, the Redeveloper shall deliver to the City: (i) The relevant portion of the Purchase Price in cleared funds, (ii) An executed Declaration of Restrictive Covenants and Prohibition Against Tax Exemption in the form attached as Schedule G; and (iii) An executed Certificate of Real Estate Value. ARTICLE IV Construction of City Improvements, Site Improvements and Minimum Improvements Section 4.1. City Improvements. The City will construct at no cost to the Redeveloper the City Improvements set forth on Schedule E as soon as practicable, but no later than April 15, 2007 (subject to Unavoidable Delays). At the City's request, the Redeveloper agrees to remove the foundation and debris from the former church on the Redevelopment Property and the City will reimburse the Redeveloper for the cost of such removal. Section 4.2. Site Improvements and Minimum hnprovements. Following conveyance by the City of the Redevelopment Property, the Redeveloper shall construct and pay for all Site Improvements thereon described in Schedule F in accordance with City specifications. The Redeveloper shall construct the Minimum Improvements in accordance with the Construction Plans approved by the City. Subject to Unavoidable Delays, Redeveloper shall begin construction on or before May 1, 2007 and shall complete construction on or before May 1, 2008. Section 4.3. Preliminary Plans and Construction Plans. (a) Preliminary Plans_ The Redeveloper shall submit Preliminary Plans to the City consisting of typical floor plans and sketches of the typical exterior and interior of the proposed Minimum Improvements which illustrate the size and character of the proposed buildings. The Preliminary Plans shall not be inconsistent with the Site Plan, this Agreement or any applicable state and local laws and regulations, insofar as said consistency may be determined at said preliminary stage. If approval of the Preliminary Plans is requested in writing by the Redeveloper at the time of submission thereof to the City, the City shall approve or reject (in whole or in part) such Preliminary Plans in writing within twenty (20) days after the date of receipt thereof. If no written rejection is made within said twenty (20) days, the Preliminary Plans shall be deemed approved by the City. Any rejection shall set forth in detail the reasons therefor. If the City rejects the Preliminary Plans, in whole or in part, the Redeveloper shall submit new or revised Preliminary Plans within a reasonable time after receipt by the Redeveloper of the notice of rejection. The provisions of this Section relating to approval, rejection and resubmission of new or revised Preliminary Plans shall continue to apply until the Preliminary Plans have been approved by the City. The City's approval of the Preliminary Plans shall not be unreasonably withheld. 12