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11. RECOGNITION OF LOCATION. The Permittee agrees to recognize the City of <br />Ramsey as the City of location on all of its forms of advertising and business <br />correspondence whenever reasonably prudent to do so. <br />12. INSPECTION FEES. The Permittee shall be responsible for all inspection costs <br />incurred by the City related to the installation of the Required Improvements. The <br />Permittee shall make a cash deposit into the appropriate escrow account of the City and <br />the City shall have the authority to draw upon these funds for the purpose of <br />compensating for inspection services. The amount of the deposit shall be equal to five <br />percent (5%) of the estimated cost of the Required Improvements, which equates to Two <br />Thousand Two Hundred Dollars and no cents ($2,200). This escrow amount shall <br />provide surety for the cost of constructing storm sewer and parking lot improvements. <br />Upon completion of the required Improvements to the satisfaction of the City, any <br />surplus balance remaining in the City's escrow account shall be refunded to the <br />Permittee. <br />13. 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 April 26, 2005. 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 />14. OUTSIDE REGULATORY AGENCIES. The Permittee shall be responsible for <br />obtaining all required permits or licenses from all regulatory agencies. <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 />Martin Land Management, L.L.C.. <br />By: <br />Its: ief Manager <br />STATE OF MINNESOTA <br />) ss. <br />COUNTY OF ANOKA <br />The foregoing instrument was acknowledged before me this Av day of June, 2005, by Shawn <br />B. Martin, the Chief Manager of Martin Land Management, L.L.C., a limited liability company <br />under the laws of the State of Minnesota on behalf of the Limited Liability Company. <br />C/a <br />Notary Public <br />JANE f [ t. 1'HOM 1,S <br />Notary Public -Minnesota <br />"= 1 i filly CommiseQn An 31, 2010 <br />32 <br />