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I <br />I <br />i <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />the c, wr~[rs c,i )00~ of the abutting property on sa~d park, <br />conveying a)~ their r~ght, t~tle, ~nte[e~t and equity in and to <br />said park, in fee, to the C~ty. ]n addition, pursuant to <br />paragraph 3, Developer shall provide proof of escrow of the sum <br /> <br /> of $ , representing a purchase price as noted in <br /> <br /> paragraph 3e) below for the ultimate disposition of said park. <br /> c) Donation of Out]ors. Developer shall, upon execution of <br /> this Development Agreement, and contemporaneously with execution <br /> of the plat, execute quit claim deeds donating to the City, in <br /> fee, out]ots A, outlot B and out]or D, Rum River Hills, subDect <br /> only to the condition that said parcels be utilized for public <br /> recreational purposes consisting of a golf course and ancillary <br /> usages, whether in public or private ownership. <br /> d) Reconveyance by City. At such time as the city charter <br /> and ordinances of the ,City permit, the City shall, for the total <br /> sum of One Dollar, convey to Rum River Hills, ~nc., a Minnesota <br /> corporation, all of Outlots A, Outlot B, Out]or D and Outlot E <br /> (formerly the park in ~hite Pine Estates), subject to the sole <br /> condition that said property be utilized for public recreational <br /> purposes consisting of a golf course, to be opened for play to <br /> the general public. Said conveyance shall be made as soon as <br /> practical after any operational time periods as required by the <br /> City Charter or City ordinances, subject to the contingency noted <br /> in Article 4 below. <br /> <br /> e) Payment for Park. Notwithstanding the provisions of <br /> article 3d) above, Developer shall cause to be placed into escrow <br /> <br /> the sum of $ , which sum shall be paid over to City in <br /> <br /> <br />