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• • <br />regulations, enacted after this Agreement has been entered into, <br />prevent or preclude compliance with one or more provisions or the <br />entire Agreement, such pr.ovisian ar cancellation shall be <br />modified or suspended as may be necessary to comply with such <br />state or federal law or :regulation at the City's discretion. <br />7. Term. The completion of this Agreement shall occur when <br />escrow is closed in which both parties have complied with terms <br />of this Agreement, subject to ongoing obligations such as, but <br />not limited to, those outlined in paragraphs 5, 8 and 9. Escrow <br />shall close no later than December 31, 1987, unless sooner <br />completed, terminated, or extended by written amendment as <br />hereinafter provided. <br />8. Developer's Responsibilities. If Developer does cause <br />exercise of the option to purchase Parcel B as described in <br />paragraph 2, Developer shall cause such exercise of the option <br />prior to December 31, 1987. Developer shall pay for, design, and <br />construct, including providing a property description of the <br />easement for, a pedestrian pathway from the existing Dolores <br />Court to Parcel C's boundary abutting Pleasanton Joint School <br />District property to the satisfaction of the City Engineer, but <br />not prior to or concurrent with development occurring on Parcel <br />A. The time, placement of and payment for a pedestrian pathway <br />shall be at the direction of the City Engineer. <br />9. City's Responsibilities. <br />9.1 The City shall either vacate, condemn, exchange, or <br />tale other appropriate action to correct the configuration of <br />- 5 - <br />