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<br />5. The City Commission shall have the final approval of any and all plans for properties <br />owned by the City. <br /> <br />SECTION 2 <br /> <br />1. This Memorandum shall take effect when it is executed by all parties, including the City <br />Commission and the Community Redevelopment Agency and upon execution of the <br />contracts with Swan Development Advisors, and Real Estate Research Consultants. <br />2. The term of this Memorandum shall be from the date of the last signature for this <br />document until rescinded. It may be terminated by any of the four parties by written notice <br />of such intent provided ninety (90) days in advance. <br />3. This Memorandum may be modified by mutual written agreement of the parties hereto. <br />4. This Memorandum may be renewed annually by, letter of agreement signed by the parties <br />hereto. ,/ <br />/: <br /> <br />Date <br /> <br /> <br />, I <br />aul Daigle, Chairman, Community Redevelopment District <br /> <br />3-215"-) <br /> <br />Date <br />