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2695614v8 <br />12/17/10 <br />The Housing and Redevelopment Authority in and for the City of Ramsey, <br />Minnesota <br />Ramsey Municipal Center <br />7550 Sunwood Drive <br />Ramsey, MN 55303 <br />Attn: Executive Director <br />Telephone No.: (763) 427 -1410 <br />Facsimile No.: (763) 427 -5543 <br />Email: hnelson @ci.ramsey.mn.us <br />With a copy to: <br />Briggs and Morgan, PA <br />2200 IDS Center <br />80 South 8 Street <br />Minneapolis, Minnesota 55402 -2157 <br />Attn: Thomas L. Bray <br />Telephone No. 612- 977 -8285 <br />Facsimile No. 612- 977 -8650 <br />or at such other address with respect to any such party as that party may, from time to time, <br />designate in writing and forward to the other, as provided in this Section. <br />Section 15.6 Counterparts. This Agreement may be executed in any number of <br />counterparts, each of which shall constitute one and the same instrument. <br />Section 15.7 Law Governing. This Agreement will be governed and construed in <br />accordance with the laws of the State of Minnesota. <br />Section 15.8 Covenants to Run with Title. The rights and obligations of Developer <br />under this Agreement run with title to the Development Property and are binding on Developer <br />and Developers successors in title to all or any portion of the Development Property. <br />Section 15.9 Time is of the Essence. Developers timely performance of its obligations <br />under this Agreement is an essential term of this Agreement. <br />Section 15.10 Enforceability. If any provision of this Agreement is adjudged to be <br />invalid or unenforceable by a court of competent jurisdiction, this Agreement should be <br />construed as if such invalid or unenforceable provision had not been inserted herein and should <br />not affect the validity or enforceability of the remainder of this Agreement. <br />Section 15.11 No Third Party Beneficiaries. Nothing in this Agreement, expressed or <br />implied, is intended to confirm any rights or remedies under or by reason of this Agreement on <br />any person other than the parties to it and their respective permitted successors and assigns. <br />Section 15.12 Termination. This Agreement shall terminate and be of no further force <br />and effect as of the Termination Date. <br />20 <br />