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will be provided only if all property taxes, City fees and charges on the property are <br />current. <br /> <br />REQUIREMENTS FOR BUILDING PERMIT. No building permit for the Site will be <br />issued until the Permittee has: a) signed and returned this Development Permit; No <br />Certificate of Occupancy for the structure will be issued until the Required <br />Improvements, or a financial surety for same, are accepted by the City. <br /> <br />10. <br /> <br />IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements <br />shall be completed before December 31, 2002. <br /> <br />11. <br /> <br />RECOGNITION OF LOCATION. As a continuance of the economic development <br />efforts expended between the City and the Permittee in conjunction with the <br />development of this site, the Permittee herein agrees to recognize Ramsey as the City of <br />location on all forms of advertising and business Correspondence whenever reasonably <br />prudent to do so. <br /> <br />12. <br /> <br />ESCROW CHARGES. The City and Permittee herein agree that the standard forms of <br />financial guarantee to ensure the installation of the Required Improvements and are <br />hereby waived. The Permittee herein agrees that the tax increment payments from the <br />City to the Permittee described in Section 2.2 of this Contract shall serve as financial <br />guarantee that the Required Improvements will be installed in accordance with City <br />specifications and in a timely manner. In the event the Permittee fails to construct and <br />install the Required Improvements as required herein, the City may complete the <br />Required Improvements as required herein, the City may take the actions provided in the <br />development agreement to cure the defauk. <br /> <br />13. <br /> <br />UTILITY CHARGES. The standard utility charges (sewer and water trunk and lateral <br />fees and stormwater management fees) are not the responsibility of the Permittee. The <br />standard utility charges shall be reimbursed to the City as described in the development <br />agreement between the City and the Permittee. <br /> <br />14. <br /> <br />OUTSIDE REGULATORY AGENCIES. The Permit-tee herein agrees to be <br />responsible for obtaining all required permits' or licenses from any other regulatory <br />agencies. <br /> <br />Sharp and Associates, LLC, hereby acknowledges receipt of this permit and that they <br />have reviewed the conditions of and have agreed that they will comply with the terms of <br />this permit. <br /> <br />CITY OF RAMSEY, MINNESOTA <br /> <br />SHARP AND ASSOCIATES, LLC <br /> <br />By By <br />Its: Mayor Its: <br /> <br />By By <br />Its: City Administrator Its: <br /> <br />-247- <br /> <br /> <br />