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REQUIREMENTS FOR BUILDING PERMIT. No building permit for the Site will be issued until the <br />Permittee has signed and returned this Development Permit. At the time of building permit issuance, all <br />plan check fees, state surcharges, permit fees and sewer and water access charges shall be paid in full. No <br />Certificate of Occupancy for occupancy of the structure will be issued until the Required Improvements are <br />accepted by the City. <br /> <br />I0. <br /> <br />IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements shall be completed <br />before December 31, 1997. <br /> <br />11. <br /> <br />ESCROW. The City and Permittee herein agree that the standard forms of financial guarantee to ensure <br />the installation of the Required Improvements are hereby waived. The Permittee herein agrees that the tax <br />increment payments from the City to the Permittee described in Section 2.2 of the development agreement <br />shall serve as financial 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 install the Required <br />Improvements as required herein, the City may take the actions provided in the development agreement to <br />cure the default. <br /> <br />Minnesota Tool & Die Works, Inc., hereby acknowledges receipt of this permit and that they have reviewed the <br />conditions of and have agreed that they will comply with the terms of this permit. <br /> <br />CITY OF RAMSEY <br /> <br />MINNESOTA TOOL & DIE WORKS, INC. <br /> <br />By By <br />Its: M~yor Its: Pr¢~iclnnt <br /> <br />By By <br />Its: ¢i_ty Admir~i,trator Its: .. Plant Manager <br /> <br />STATE OF MINNESOTA ) <br /> ) SS. <br />COUNTY OF ANOKA ) <br /> <br />On this _ day of . , 1997, before me, a Notary Public, personally appeared Thomas G. Gamec and Ryan R. <br />Schroeder to me Personally known, who, being each by me duly sworn did say that they are respectively the Mayor <br />and City Administrator of the City of Ramsey, the Municipal Corporation named in the foregoing instrument, and <br />the seal affixed to said instrument is the corporate seal of said Municipal Corporation, and the said instrument was <br />signed and sealed on behalf of said Municipal Corporation by authority of its City Council and said Thomas G; <br />Garnet and Ryan R. Schroeder acknowledge said instrument to be the free act and deed of said Municipal <br />Corporation. <br /> <br />STATE OF MINNESOTA ) <br />COUNTY OF ) <br /> <br />) SS. <br /> <br />Notary Public <br /> <br /> On this_dayof , 1997, before me a Notary Public, personally appeared Keith F. <br />Sherer, the President and Patrick H. Sherer, the Plant Manager of Minnesota Tool & Die Works, Inc., a corporation <br />under the laws of the State of Minnesota, signed said instrument as a flee act on behalf of the Corporation. <br /> <br />Notary Public <br /> <br />I <br />I <br />I <br />I <br />I' <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />