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.. discarded property shall be removed from the property, by Seller prior to December 31, 2006, except that any equipment required for dewatering the pit may be removed on or before March 1, 2007. Any personal property remaining on the site may be retained by Buyer or may be removed by Buyer and the reasonable cost of such removal shall be deducted from the final payment described in Section 3.1(f). (i) Any plans, or specifications provided by Buyer or South Adams to the Office of the State Engineer or the Urban Drainage and Flood Control District ("Urban Drainage") in connection with obtaining any required approvals of the reservoir, or its construction, on the Property shall also be provided to Seller and Seller shall be given an opportunity to have such documents reviewed at Seller's cost by a qualified professional engineer experienced in reservoir design and construction. If new mapping of the flood plain area in the vicinity of the Property by Urban Drainage indicates that the minimum natural ground surface level at the Property is greater than 5020 feet (NAND 1988), future payments due to Seller pursuant to Section 3.1(e) and Section 3.1(f) shall be based upon the volume of operational capacity below the high water level with 1.875 feet of freeboard from the new minimum natural ground surface as so determined. 3.2 Minimum Mining Schedule. Each year Seller shall remove at least 350,000 tons of sand, gravel and other mined material from the Property. The sum of the minimum amount to be removed during each elapsed year between 1998 and 2006 shall be referred to as the "cumulative minimum." If Seller fails to meet the cumulative minimum in any year, payment of the yearly amount as described in Section 3.1(e) above shall not occur until the cumulative minimum has been met. ARTICLE IV TITLE, CLOSING AND ESCROW 4.1 Time and Place of Closing. Subject to and in accordance with the provisions of this Agreement, closing shall be held at the offices of Escrow after satisfaction of the conditions provided in Section 5.1, between February 26, 1999, and March 31, 1999 unless otherwise extended to meet the requirements of Article V. 6