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11/23/10
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11/23/10
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7/17/2025 3:04:46 PM
Creation date
11/18/2010 8:00:42 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
11/23/2010
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personal delivery; (ii) one business day following dispatch by Federal Express or equivalent; or <br />(iii) three (3) business days after mailing certified or registered mail, postage prepaid, return <br />receipt requested, to the respective addresses of the parties set forth below: <br />with a copy to: Briggs and Morgan, P.A. <br />2200 IDS Center <br />80 South 8 Street <br />Minneapolis, MN 55402 <br />Attn: Thomas L. Bray <br />F &C: <br />Escrow Agent: <br />2567870v6 <br />07/19/I0 <br />The Housing and Redevelopment Authority in and for <br />the City of Ramsey, Minnesota <br />Ramsey Municipal Center <br />7550 Sunwood Drive <br />Ramsey, Minnesota 55303 <br />F &C Development, Inc. <br />8900 Keystone Crossing, Suite 1200 <br />Indianapolis, Indiana 46240 <br />Attention: Jim Crossin <br />Commercial Partners Title, LLC <br />200 Q 6th Street, _Suite 1 300 <br />�.,., S. vim.,.,., �,.. �.,.,., <br />Minneapolis, MN 55402 <br />Attention: David Hillert <br />Any party, by notice given as aforesaid, may change the address to which subsequent notices are <br />to be sent to such party. <br />11. Escrow Agent's Duties. The sole duties of Escrow Agent shall be those <br />described herein, and Escrow Agent shall be under no obligation to determine whether the other <br />parties hereto are complying with any requirements of law or the terms and conditions of any <br />other agreements among said parties. Escrow Agent may conclusively rely upon and shall be <br />protected in acting upon any notice, consent, order or other document believed by it to be <br />genuine and to have been signed or presented by the proper party or parties, consistent with <br />reasonable due diligence on Escrow Agent's part. Escrow Agent may consult the advice of <br />counsel with respect to any issue concerning the interpretation of its duties hereunder. HRA and <br />F &C each hereby acknowledge such fact and indemnify and hold harmless Escrow Agent from <br />any action taken by it in good faith in reliance thereon. Escrow Agent shall have no duty or <br />liability to verify any such notice, consent, order or other document, and its sole responsibility <br />shall be to act as expressly set forth in this Agreement. Escrow Agent shall be under no <br />obligation to institute or defend any action, suit or proceeding in connection with this <br />Agreement If any dispute arises with respect to the disbursement of any monies included within <br />the Escrow Funds, Escrow Agent may continue to hold the same or until directed by written <br />instructions from the HRA and F &C, or a final judgment of a court with jurisdiction, or Escrow <br />4 <br />
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