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CONVEYANCE AND DEVELOPMENT OF THIRD SUB PARCEL (IF ANY) Acquisition of Third Sub Parcel ~. Agency shall acquire -title to all properties within ~he Third Sub Parcel. ossession. Agency shall have brained possession of all pro- perties within the Third sub. Parcel. Submission - Evidence of Equity Capital and Mortgage Financing. Redeveloper shall submit to the Agency sa.tis factory evidence that Redeveloper has the necessary equity capital and mortgage fin~ncing commitments for the construction of the im- provements for the Third Sub Parcel.. '""Opening ~f'Escrp~. Agency shall open escrow for conveyance of the Third Sub Parcel. Deposit of the Deedin Escrow. Agency shall deposit the deed to the Sub Parcel in escrow. Conveyance of Title. Agency shall convey title to Redeveloper and Redeveloper shall accept convey- ance of the Third Sub Parcel. Commencement of Construction · ~.developer shall commence ,nstruction of the Phase II iprovements on the Third Sub ~rcel. Completion of construction. Redeveloper shall complete the construction of the Phase II improvements on the Third Sub Parcel. Within 180 days after conveyance of the Second Sub Parcel, or as extended on~ year from filing of condemnation actions; Within One hundred (100) days after' acquiring title to the last property in such Sub Parcel. NO later than 30 days prior to the date for conveyance of title to the Third Sub Parcel. At the Agency's.option Or within 5 days after receipt of written 'request from Redeveloper. Not later than 5 days prior to the date for conveyance. Within 30 days'after Agency notifies Redeveloper the Agency bas acquired title to the Third Sub Parcel, all occupants have been relocated and the Agency is prepared to deliver 'title and possession to Redeveloper, but in any event not later than four years after the date of execu- tion of this Agreement by the Agency. Within 30 days after conveyan0e of title to such Sub Parcel. Within 360 days after commencement .of construction~