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6,2001. Pursuant to the RFQ,DHA has notified East Lake that it has been selected as Developer for <br /> the Phase I Site,subject to the negotiation of a satisfactory development agreement("Agreement"). <br /> F. Developer and DHA agree that the involvement of tenants and tenant organizations in <br /> the Revitalization is essential to the success of the Revitalization. Accordingly,Developer shall work <br /> with DHA and REMCO to support tenant involvement and to promote a tenants' association for all <br /> residents in the revitalized units. <br /> G. This Agreement covers the Phase 1 Site and may be amended to cover subsequent <br /> phases. DHA and East Lake have contemplated the development of a community center,park space, <br /> commercial space and additional residential units for later phases of the Revitalization Plan,and will <br /> amend this Agreement to address the development of those additional phases, as appropriate. <br /> H. The City is entering into this Agreement in order to effectuate the City's primary <br /> goals(not in order of importance)of(a)facilitating the Revitalization undertaken by the DHA and the <br /> Developer in a manner which results in a quality housing product for each Component,(b)along with <br /> DHA and the Developer,guaranteeing that PHA-Assisted Units within Phase I will operate subject to <br /> all Public Housing Requirements until the later of (i) the time required by all Public Housing <br /> Requirements,and(ii)the date upon which all Legal Requirements requiring any restrictive use of the <br /> PHA-Assisted Units or rental Market Rate Units are no longer are applicable, (c)assisting DHA and <br /> the Developer in conforming to the milestones and schedules set forth in Exhibit F hereto, (d)being <br /> apprised generally of the development progression of the Revitalization, and(e) conveying the City <br /> Parcels in a manner, and subject to conditions, acceptable to the City. <br /> NOW, THEREFORE, for and in consideration of$5.00 and the mutual obligations of the <br /> parties hereto, and other good and valuable consideration, the receipt and adequacy of which are <br /> hereby acknowledged by the City,DHA and Developer,the City,DHA and Developer hereby agree <br /> as follows: <br /> Decatur Housing Authority Near North Impact Area Development Agreement <br /> Page Z <br />