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improvements, based on a reasonable bid, obtained in a commercially reasonable manner, <br />by the City of La Porte for such purpose. Should 200 Garfield, LLC desire to convey the <br />subject property before demolishing the existing structures, 200 Garfield, LLC agrees to <br />provide the City sixty (60) days prior written notice to the Director of Planning of the City <br />of La Porte. <br />After demolishing the existing structures, 200 Garfield, LLC shall have the right, <br />at any time, to cancel its plans to build 16 three-story town homes, and instead seek La <br />Porte's approval of a different building project, or land use, or both. <br />7. Upon approval of this Mutual Release and Settlement Agreement, the Parties <br />shall cause the Lawsuit to be dismissed with prejudice, each party to bear its own costs, <br />attorneys' fees and expenses. The attached Joint Motion to Dismiss with Prejudice shall <br />be filed with the Court by La Porte. <br />8. La Porte and Garfield (in this section, each a "Releasing Party"), each hereby <br />fully, completely, and forever RELEASES AND DISCHARGES the other Party hereto <br />(in this section, the "Released Party") and all of the Released Party's officers, directors, <br />shareholders, partners, affiliates, employees, agents, attorneys, and representatives from <br />any and all liabilities, claims or causes of action, damages of any kind whatsoever, at <br />common law, statutory or otherwise, which Releasing Party has or might have, known or <br />unknown, now existing or that might arise hereafter, directly or indirectly attributable to <br />the lawsuit and any transactions between Garfield and La Porte in connection therewith, it <br />being intended to release all claims of any kind which Releasing Party has or might have <br />