The Triangle. The City acknowledges that the parcel of property designated on the City’s tax map as Block 492, Lot 1 (the "Triangle") must be acquired to permit New Main Street to be reconfigured as necessary to provide access to the Replacement Fire Headquarters. Subject to the provisions of Article 3 herein, YIDA agrees to acquire the Triangle. The parties agree that failure of YIDA to acquire the Triangle (and the resulting inability of the Company to reconfigure and reconstruct New Main Street for access to the Replacement Fire Headquarters as shown in the Site Plan) shall not be an Event of Default by the Company under this Agreement. The costs of acquisition of the Triangle shall be Acquisition Costs under this Agreement.
The Triangle. The City acknowledges that the parcel of property designated on the City’s tax map as Block 492, Lot 1 (the "Triangle") must be acquired to permit New Main Street to be reconfigured as necessary to provide access to the Replacement Fire Headquarters. Subject to the provisions of Article 3 herein, YIDA agrees to immediately take all actions necessary to acquire the Triangle by whatever means the in its discretion it determines to be appropriate and to complete such acquisition including, but not limited to, acquisition through the exercise of the power of eminent domain under Article 3 of this Agreement, it being the agreement of the parties that the failure of YIDA to acquire the Triangle (and the resulting inability of the Company to reconfigure and reconstruct New Main Street for access to the Replacement Fire Headquarters as shown in the Site Plan) shall not be an Event of Default by the Company under this Agreement. The costs of acquisition of the Triangle shall be Acquisition Costs under this Agreement.
