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Government, and a Cooperation Agreement dated June 8, 1964, in the case of the City; NOW, THEREFORE, in consideration of thepremises and the mutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: ARTICLE I. GENERAL TERMS OF CONVEYANCE OF PROPERTY. Section 1. Sale and Purchase Price. Subject to all the terms, covenants and conditions of this Agreement, the Agency will sell certain real property in the Project Area, more particularly described in Exhibit A annexed hereto and made a part hereof (which property, as so described, is hereinafter called 'Property'), to the Public Body for, and the Public Body will purchase the Froperry and pay to the Agency therefor the sum of FORTY ONE THOUSAND AND N0/100 Dollars ($41,000.00), here- inafter called 'Purchase Price.' Such payment shall be in cash, or by such check as shall be satisfactory to the Agency, at the time and place provided herein. Section 2. Conveyance. The Agency shall convey to the Public Body, upon pay- ment in full of the Purchase Price by the Public Body, title to the Property by quit-claim deed (hereinafter called 'Deed'). Such conveyance shall, in addition to all other conditions, covenants and restrictions set forth or referred to elsewhere in this Agreement, be subject to: A. The following easements: None B. The use restrictions set forth in the Urban Rene%-al Plan. Section 3. Deliverv of Deed. The Agency shall delivery the Deed and possession of the Property to the Public Body on December 22, 1965, or on such earlier date as the parties hereto may mutually agree in writing. Conveyance shall be made at the principal office of the Agency and the Public Body shall accept such conveyance and pay to the Agency at such time and place the Purchase Price. Section 4. ClosinR CharRes. All costs, including without limitation the certificate of title, policy of title insurance, if any, recording charges and documentary stamps shall be paid by the Public Body. ARTICLE II. CONSTRUCTION OF IMPROVEMENTS. Section 1. ConstFuction Required. The Public Body will redevelop the Property by construction thereon of a public parking lot (hereinafter called the'Improvements'~ All plans and specifications therefor and all work by the Public Body with respect -3-