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09/27/11
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09/27/11
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7/18/2025 11:05:20 AM
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9/28/2011 2:23:58 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
09/27/2011
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portions of the HRA Property; or (B) amend this Agreement to remove all or portions of the <br />HRA Property or all or portions of the City Property from Parking District A; release the <br />removed property from the covenants and restrictions set forth in this Agreement and terminate <br />the easements this Agreement grants to those Parcels; provided that: <br />(a) The owner of any Parcel removed from Parking District A consents to the <br />amendment removing the owner's Parcel from Parking District A, and the owner of any property <br />added to Parking District A consents in writing to the amendment adding the owners property to <br />Parking District A; and <br />(b) The City also amends the District A Parking Plan to reflect the removal of <br />Parcels and/or the addition of property. In the amended District A Parking Plan, the number of <br />parking spaces in the District A Parking Improvements that are allocated to the property being <br />added to Parking District A must equal the number of Parking Spaces allocated to the Parcel(s) <br />being removed from Parking District A unless the City is also amending the District A Parking <br />Plan as described in Section 4 above to increase or decrease the number of Parking Spaces <br />allocated to Parcels that are not being added to or removed from Parking District A. In any <br />event, an amendment to the District A Parking Plan that the City adopts in connection with an <br />amendment to this Agreement cannot increase a Parcel owner's Allocated Share without the <br />consent of that Parcel owner. <br />19. Additional Parking Improvements. At any time and from time to time and <br />without the consent of the Parcel owners, except as provided in Section 19.2 below, the City may <br />amend this Agreement to include expansions of the District A Parking Improvements, additional <br />parking ramps in Parking District A or surface parking lots in Parking District A (collectively, <br />"Future Parking Improvements") in the definition of the District A Parking Improvements and <br />may adopt a corresponding amendment to the District A Parking Plan provided that: <br />(a) The City also amends the District A Parking Plan to allocate the parking <br />spaces in the Future Parking Improvements among Parcels in Parking District A, as the same <br />may be redefined pursuant to Section 18 above, and to amend the Allocated Share of each Parcel <br />to reflect the number of Parking Spaces allocated to that Parcel by the amendment and to reflect <br />the increase in the total number of parking spaces in the District A Parking Improvements; and <br />(b) The owner of each Parcel to which the amended District A Parking Plan <br />allocates additional parking spaces consents in writing to the amendment. <br />20. Transfers. Whenever a transfer occurs in the ownership of a Parcel, the <br />transferor has no liability for defaults under this Agreement occurring after the date the <br />instrument of transfer is recorded in the Anoka County land records, but the transferee is liable <br />for defaults occurring prior to the date of the transfer except to the extent the City is barred from <br />asserting a claim against the transferee as a result of an estoppel certificate the City has provided <br />pursuant to Section 21 below. <br />21. Estoppel Certificates. Upon the written request of a Parcel owner, the City will <br />provide the Parcel owner and any prospective purchaser from or lender to the Parcel owner with <br />an estoppel certificate stating, to the best of the City's actual knowledge, that this Agreement is <br />A-9 <br />2707737v11 <br />09/27/11 <br />
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