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EXHIBIT A COOPERATION AGREEMENT for 3215 ACADEMY AVENUE THIS COOPERATION AGREEMENT (the "Agreement ") is entered into as of the day of , 2017 by and between CITY OF PORTSMOUTH, VIRGINIA, a political subdivision of the Commonwealth of Virginia ( "City ") and ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA, a political subdivision of the Commonwealth of Virginia ( "EDA "). RECITALS WHEREAS, by request of the City Manager, EDA has marketed the property known as the former Churchland library, having a current street address of 3215 Academy Avenue (Tax Parcel 0818 -0040) (the "Property "); and WHEREAS, EDA has received an offer from ( "Developer ") to purchase the Property, perform a substantial rehabilitation, and utilize the Property as a corporate office and training facility (the substantial rehabilitation and use of the Property are collectively the "Development "); and WHEREAS, by Resolution R -17- adopted June 27, 2017, City Council authorized the conveyance of the Property to EDA and the execution of this Agreement; and WHEREAS, the City hereby finds and determines that redevelopment of the Property is in the public interest; NOW, THEREFORE, it is AGREED by the parties to cooperate in the conveyance and redevelopment of the Property as follows: AGREEMENT The City shall convey the Property to EDA. 2. EDA shall enter into an agreement (the "Sale Agreement ") containing acceptable terms and conditions for the conveyance of the Property to Developer (or an entity controlled by Developer or a principal of Developer) for performance of the Development, and shall take such further actions as are necessary or desirable in accordance with the Sale Agreement, including closing on conveyance of the Property. 3. In the event EDA does not convey the Property to the Developer, then EDA shall continue to market the Property for sale, provided that EDA shall obtain the