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<br /> <br /> <br /> <br /> <br /> accommodate four stalls per 1,000 square feet of structure <br /> developed up to 120,000 square feet. <br /> <br /> Notwithstanding anything herein to the contrary, the rights in this Section <br /> shall be assignable to Transoma Medical. <br /> <br /> Construction Timing <br /> on Option Property: The Redeveloper shall begin construction of the Minimum Improvements <br /> on the Option Property within six (6) months after closing on the Option <br /> Property and shall complete construction within twenty-four (24) months <br /> after such closing. <br /> <br /> Assignability: This agreement and the contract for private redevelopment derived <br /> herefrom shall be assignable to another entity substantially controlled by <br /> the Redeveloper. <br /> <br /> Disclaimer: This Term Sheet does not constitute an offer by the Redeveloper to buy or <br /> by the City to sell the Property. All rights and obligations with respect to <br /> the Property shall only be as provided for in a Redevelopment Contract <br /> which is subject to the approval by the Redeveloper and the City Council. <br />