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~ubject to the execution of a development agreement with <br />the City. The agreement may include, b~t i~ not limited <br />to, the following: <br /> <br />- amount of the City's financial commitment; <br />- specifications of the City's commitment; <br />-term~ of the City's participation (~uch as liens, <br /> deficiency agreements, etc.); <br />- insurance; <br />- financing; <br />-conditions of the developer's participation; <br />- events of default; <br />- terms for transfer or assignment of agreement; <br />- indemnification; and <br />- termination of agreement. <br /> <br />The motion for the adoption of the foregoing resolution was duly <br />~econded by Councilmember and upon vote being taken <br />thereon, the following in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by <br />the Ramsey City Council this the day of , 1987. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Administrator <br /> <br />Resolution $87- <br /> <br /> -- 4 -- <br /> <br /> <br />