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• r <br />i <br />E <br />WHEREAS, Agency further has agreed by said DDA to construct <br />E <br />upon the real property retained by it within the Site, which property <br />is legally described in Part 3 of "Exhibit All, and which is herein- <br />after referred to as the "Agency Tract", certain surface parkin. - <br />facilities and other improvements incidental thereto; and <br />b. WHEREAS, Developer has agreed to construct upon the Developer <br />Tract certain commercial buildings, some of which are to be connected <br />by an Enclosed Hall, and a parking garage beneath a portion of said <br />buildings, which parking garage is to be located within the property <br />i which is legally described in Part 4 of "Exhibit A"; and <br />WHEREAS, 'City has leased from Agency the Agency Tract for a <br />term commencing on February 15, 1978, or such other date that Agency <br />shall notify City in writing that the Agency Tract or any porticr_ <br />thereof is available for use by City for parking purposes, and termi- <br />nating on May 1, 2009, or such earlier date that all principal <br />and interest, together with premiiums, on the re-.c n::e bonds <br />Agency to finance the construction of the improvement which it is <br />to construct pursuant to the DDA have been paid and all security <br />devices executed in connection therewith have been discharged, and <br />upon the termination of said lease title to the Agency Tract will <br />vest in City, which lease is hereinafter referred to as the "City <br />Lease"; and <br />WHEREAS, pursuant to said lease, City has agreed to operate <br />and maintain the Agency Tract during the term thereof as a public <br />parking facility; and <br />WHEREAS, Agency, City and Developer dcoire to make inte- <br />grated use of the tracts of land owned or leased by each and to <br />develop, operate and maintain their respective tracts as a retail <br />shopping center and public parking facilities, which collectively <br />M <br />2 <br />