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(e) To pay ~o the.Authority in cash the sum of $46,530 by June 30, 1979; provided, however, that if by said date the City bas caused to be provided or provided alarms and traffic controls in con- junction with other planned /mprovements in the Effingham Pro- J~et .Ar.ea~ ~there skall be credited against such payment the ac- tual cost of such improvements. In the event the actual cost of su~%~ improvemen[~ is less than $47,300 the diffe=ence between $4'6,530 ~an~ t~he t~S'ser eligible ~eost shall ':be ,p'aTd i~ cash or in pooling credits by the City to the Authority %y Sure 30, 1979. (f) To pay the Authority in cash th~ sum of $802,234 by June 30, 1979; Frovi&ed, however, that if by said ~a~e the City has caused to he construct'ed or to he plac~d under construction a new ele- mentar~ school to serve the project area and the Sou~hside neigh- borhood, there shall be credited again~ such payment 29.3% of the actual eligible cost of the total 'improvements presently es- timated at $2,773,800, including the cost of land and construction. In the event the actual cost of such construction is less than $2,773,800, then the difference between $882,234 and 29.3% of the lesser total cost shall be paid in ~esh or in pooling credits by -the City to the Authority by June 30, 1979. .Re~SO~a.b~le Time for Completion - With resp.ec~ to ~the construct/an of the facilities and improvements referred to in the foregoing sub-paragraphs which ~a~e u~dertaken but not actually complet'ed by ~he Tespeetive dates shown above, the City agrees to complete such construction within a reason- able time th~ereafter.