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WHEREAS, the AGENCY recognizes that considerable time and expense is required to prepare such a Development Plan; and

WHEREAS, in consideration of the DEVELOPER'S expending its time and resources in the preparation of the Development Plan, the AGENCY will neither solicit, consider, nor negotiate any other Development Plan for the Property so long as this AGREEMENT shall remain in effect in accordance with its terms; and

WHEREAS, the DEVELOPER, in return for the AGENCY'S promise to deal exclusively with the DEVELOPER during the period of this AGREEMENT, agrees to prepare at its own cost and expense a Development Plan for the Property and to submit it to the AGENCY within the time periods set forth hereinafter; and

WHEREAS, because of the importance of the Property to the physical, social and economic well-being of the citizens of the District of Columbia, the AGENCY has established the following objectives as goals for the development of the Property:

• creation of a feasible high quality development reflective of the important location of the Property in accordance with the purpose of the Urban Renewal Plan;
• improving the quality of life and the removal blight and slums;
• increasingthe tax base and tax revenues;
• enhancing and increasing business and employment opportunities for the residents and businesses of Columbia Heights and adjoining areas;
• providing opportunities for training and employment of residents of Columbia Heights and adjoining areas of the District of Columbia;
• providing opportunities for Local, Small, or Disadvantaged Business Enterprises located in Columbia Heights and adjoining areas in the construction and development of the Property in accordance with the Development Plan;
• achievement of an Equal Opportunity Program that will ensure that the benefits of the Development Plan for the Property are shared by the residents of Columbia Heights and adjoining areas;
• ensure that no one will be discriminated against on the basis of race, color, religion, national origin, ethnicity, sexual orientation or any other factor in carrying out the Development Plan that would constitute a violation of the District of Columbia Human Rights Act or other applicable law, regulation or court order; and

WHEREAS, the DEVELOPER agrees that its efforts under this AGREEMENT will be to formulate plans and programs constituting a Development Plan that will achieve the above stated objectives, and that if the Development Plan does not succeed in achieving them, the AGENCY will be under no obligation to accept the Development Plan and shall have the right to immediately re-offer the Property for development in accordance with the provisions of Section 13; and

WHEREAS, in the event that the AGENCY, in its sole discretion, finds the Development Plan, prepared under the terms of this AGREEMENT to be acceptable, then, after a public hearing on the terms and conditions of the sale or lease of the Property, the AGENCY will offer

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