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4. Early Demolition. The Development Agreement contemplates that the Developer may request permission for early demolition of Cradock High School, prior to closing. As a condition of granting permission, the Housing Authority shall require reasonable assurances from the Developer for funding the Developer's share of constructing a new Recreation Center, as contemplated by the Development Agreement, subject to the approval of the City Manager or his designee. 5. Property Conveyance. The City shall convey the Property unto the Housing Authority for no consideration other than the undertakings set forth in the Development Agreement. The City shall have no obligation to convey the Property (or any portion thereof) unless it is satisfied with the progress of the permitting process for the project, including without limitation the new Recreation Center. 6. City Actions. The City shall cooperate with the Housing Authority in taking all commercially reasonable steps to: (a) cause objectionable encroachments onto the Property to be removed; (b) timely review any objections to title submitted by Developer and determine whether to agree to make efforts to clear any said objection; (c) clear any title objection which the City has agreed to attempt to clear; (d) timely review any request by Developer for environmental remediation activities on the Property and detemlirie whether to agree to undertake any said activities; (e) complete any remediation which the City has agreed to perform; and (f) undertake and complete the City Tasks as set forth in Section 5 of the Development Agreement. 7. City Financial Obligations. The City hereby obligates, commits, and binds itself to disburse unto the Housing Authority all funds necessary for the Housing Authority to honor its obligations to the Developer under the Development Agreement, -3-