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UCRC, the City and the Authority shall cooperate in carrying out the Modified Plan and the Grant Program as follows: (a) UCRC shall refer all interested investors or participants to the Authority. The Authority shall provide the individual investors with appropriate application forms and instructions outlining the procedure for participation by the private investors in the Grant Program. (b) The Authority shall review all applications and plans by individual investors for purpose of determining whether the rehabilitation plan for the properties is in compliance with the Modified Plan. The Authority shall then provide such advice and assistance to the developers as is necessary and feasible to allow the investors to complete the applications and participate in the Grant Program. The Authority, through its Board of Commissioners, shall approve or reject the investor's applications. (c) Once the Authority has approved the application of an individual investor, it shall forward to the City Council of the City for its approval the application of the individual investor, with such recommendations for tax abatement as the Authority shall deem appropriate. The City shall thereafter approve or reject the private investor's participation in the Grant Program. (d) Once the City Council has approved the participation of the private investor in the Parkview Gardens Rehabilitation Program, UCRC shall accept, for nominal consideration, the fee transfer of the investor's property and immediately thereafter enter into a "Parcel Development Agreement" with the investor obligating the investor to carry out the plans for rehabilita- tion of the property as submitted by the investor and approved by the Authority. The Parcel Development Agreement shall be in a form approved by the Authority, shall incorporate the plans approved by the Authority, and —3—