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sewer and parking lot improvements. Upon completion of the required Improvements to <br />the satisfaction of the City; anv surplus balance remaining in the City's escrow account <br />shall be refunded to the Permittee. <br />15. FINANCIAL ASSISTANCE. The City shall be responsible to provide the financial <br />assistance listed in Section 2.2 of the Development Agreement between the parties hereto <br />dated June 26, 2007. The payment for the Site Improvements shall be made at the time a <br />Certificate of Occupancy for the Development Property is issued. These payments will <br />be made to Permittee only if all property taxes. City fees and charges on the property are <br />current. <br />16. RECOGNITION OF LOCATION. The Pennittee agrees to recognize the City of <br />Ramsey as the Cite of location on all of its forms of advertising and business <br />correspondence whenever reasonably prudent to do so. <br />17. OUTSIDE REGULATORY AGENCIES. The Permittee shall be responsible for <br />obtaining all required permits or licenses from all regulatory agencies. <br />18. AGREEMENT BINDING ON HEIRS, ETC. The Permittees agree that this <br />Development Permit shall be binding upon their successors and assigns. Breach of any of <br />the terms of this Development Pen -nit by the Permittees shall be grounds for denial of <br />building permits. <br />Permittee hereby acknowledges receipt of this permit, and that it has reviewed the <br />conditions of and agrees that it will comply with the terms of this permit. <br />O'Cullinan Properties, LLC, a Minnesota Limited Liability Company <br />BV <br />Its: Chief Manager <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />SPAN M. SULLIVAN <br />) 1 „ Notary Public <br />ss. Minnesota <br />4 <br />f My Cpmmis5i�n Expires JanuON 31, 2010 <br />The foregoing instrument was acknowledged before me this RT' day of July, 2007, by Robert <br />D. Cullinan, Chief Manager of O'C.ullinan Properties. LLC. a Minnesota limited liability <br />c� n any uns - me .ws of Minnesota on behalf of the Minnesota Corporation. <br />Notary Public <br />32 <br />