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<br />SITE CONVENYANCE <br /> <br />A. <br /> <br />Opening of Escrow, Section 413- <br />Agency shall open escrow for the <br />conveyance oftitle to by Agency to <br />Developer. <br /> <br />B. <br /> <br />Conveyance of Title - Agency shall <br />convey title to Developer and <br />Developer shall accept conveyance <br />of Parcel A in accordance with <br />Sections 40 I and 410 of this <br />Agreement. <br /> <br />c. <br /> <br />Conveyance of Title - Agency shall <br />convey title to Developer and <br />Developer shall accept conveyance <br />of Parcel B in accordance with <br />Sections 401 and 410 of this <br />Agreement. <br /> <br />CONSTRUCTION PHASING <br /> <br />A. <br /> <br />Commencement of Construction of <br />Phase 1- Developer shall commence <br />construction of the improvements. <br /> <br />B. <br /> <br />Completion of Construction of Phase <br />1- Developer shall complete <br />construction of the improvements. <br /> <br />c. <br /> <br />Commencement of Construction of <br />Phase II - Developer shall <br />commence construction of the <br />improvements. <br /> <br />D. <br /> <br />Completion of Construction of Phase <br />II - Developer shall complete <br />construction of the improvements. <br /> <br />E. <br /> <br />Commencement of Construction of <br />Phase 111 - Developer shall <br /> <br />Within 30 days after execution of this <br />Agreement. <br /> <br />Within 30 days after submitting evidence of <br />building permits and financing to Agency <br />for Phase 1. <br /> <br />Within 30 days after submitting evidence of <br />building permits and financing to Agency <br />for Phase II. <br /> <br />Within 30 days after the later of conveyance <br />of Parcel A, and receipt of building permit. <br /> <br />Within 10 months after commencement of <br />construction. <br /> <br />Within 30 days after the later of conveyance <br />of Parcel B, and receipt of building permit. <br /> <br />Within 10 months after commencement of <br />construction. <br /> <br />Within 30 days after the later of completion <br />of Phase II, and receipt of building permit. <br />