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<br /> (ii) Any proposed transferee, by instrument in writing satisfactory to the City
<br /> and in form recoi dable among the land records shall, for itself and its
<br /> successors and assigns, and specifically for the benefit of the City, have
<br /> expressly assumed all of the obligations of the Developer under this
<br /> Agreement and agreed to be subject to such obligations, restrictions and
<br /> conditions or, in the event the transfer is, of, or relates to, part of the
<br /> Development Property, such obligations, conditions, and restrictions to the
<br /> extent that they relate to such part, provided, that the fact that any
<br /> transferee of, or any other successor in, interest whatsoever to, the
<br /> Development Property or any part thereof, shall, for whatever reason, not
<br /> have assumed such obligations or agreed to do so, shall not, unless and
<br /> only to the extent otherwise specifically provided in the Agreement or
<br /> agreed to in writing by the City, relieve or except such transferee or
<br /> successor from such obligations, conditions, or restrictions, or deprive or
<br /> limit the City of, or with respect to, any rights or remedies or controls with
<br /> iespeet to the Development Property or the construction of the Minimum
<br /> Improvements, it being the intent of this Section, together with other
<br /> provisions of this Agreement, that to the fullest extent permitted by law
<br /> and equity and excepting only in the manner and to the extent specifically
<br /> provided otherwise in the Agreement, no transfer of, or change with
<br /> respect to, ownership in the Development Property or any part thereof, or
<br /> any interest therein, however, consummated or occurring, whether
<br /> voluntary or involuntary, shall operate, legally or practically, to deprive or
<br /> limit the City of any rights or remedies with respect to the Development
<br /> Property and the construction of the Minimum Improvements that the City
<br /> would have had,had there been no such transfer or change
<br /> (iii) There shall be submitted to the City, for review, all instruments and other
<br /> legal documents involved in effecting transfers described herein, and if
<br /> approved by the City, its approval shall be indicated to the Developer in
<br /> writing
<br /> In the absence of specific written agreement by the City to the contrary, no
<br /> such transfer or approval by the City thereof shall be deemed to relieve the
<br /> Developer from any of its obligations with respect thereto
<br /> (e} Notwithstanding the limitations set forth in this Article VIII the City approves and
<br /> consents that Developer may lease the Development Property provided that the
<br /> Developer retains all obligations of the Developer under this Agreement in the
<br /> manner set forth in Section 8 2 (b)(ir) herein Absent specific written agreement
<br /> by the City to the contrary, such action shall not be deemed to relieve the
<br /> Developer from any of its obligations under this Agreement
<br /> (d) No provision of Section 8 2 shall be construed or interpreted to prohibit the
<br /> Developer from transferring the Development Property and/or Developers rights
<br /> under this agreement to a partnership or Minnesota Limited Liability Company in
<br /> which the Developer is the owner of 51 % or more of the partnership or
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