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FINANCIAL ASSISTANCE. The City shall be responsible to provide the financial <br />assistanc~ listed in Section 2.2 of the development agreement. The payment for the Site <br />Improvements shall be made at the time a Certificate of Occupancy for the development <br />property is issued. These payments will be made only if ali property taxes, City fees and <br />charges On the property are current. <br /> <br />REQUIREMENTS FOR BUILDING PERMIT. No building permit for the Site <br />will be issued until the Permittee has signed and returned this Development Permit. At the <br />time of building permit issuance, all plan check fees, state surcharges, permit fees and <br />sewer and water access charges shall be paid in full. No Certificate of Occupancy for <br />occupanCY of the structure will be issued until the Required Improvements are accepted by <br />the City. <br /> <br />10. <br /> <br />IMPROVEMENT CONSTRUCTION SCHEDULE. The Required Improvements <br />shall be eompleted before November 1, 1996. <br /> <br />11. <br /> <br />ESCROW. The City and Permittee herein agree that the standard forms of financial <br />guaranteo to ensure the installation of the Required Improvements are hereby waived. The <br />Permittee~ herein agrees that the tax increment payments from the City to the Permittee <br />describec[~ in Paragraph 8 of this Permit shall serve as financial guarantee that the Required <br />Improvements will be installed in accordance with City specifications and in a timely <br />manner, in the event the Permittee fails to construct and install the Required Improvements <br />as requimd~ herein, the City may complete the Required Improvements with City day labor <br />and/or by letting contracts for said completion and deduct the cost of same from the <br />payment to the Permittee cleseribed in Paragraphs 8 and 9 of this Agreement. <br /> <br />13. <br /> <br />RECOGNITION OF LOCATION. As a continuance of the economic development <br />efforts expended between the City and the Pennittee in conjunction with the development of <br />this site, ihe Permittee herein agrees to recognize Ramsey as the City of location on all <br />forms of advertising and business correspondence whenever reasonably prudent to do so. <br /> <br />Copper Sales, Inc., hereby acknowledges receipt of this pem~t and that they have reviewed the <br />conditions of andlhave agreed that they will comply with the terms of this permit. <br /> <br />CITY OF RAMSEY, MINNESOTA <br /> <br />COPPER SALES~ INCORPORATED <br /> <br />By By <br />Its: M{lyor Its: <br /> <br />By By <br />Its: CiW A~nini~C'ator . Its: <br /> <br /> <br />