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14. NOTICES. Notices permitted or required by this Agreement must be in writing and <br /> shall be deemed given when delivered in legible form to the party to whom addressed. <br /> Notices may be sent by certified mail, fax or e-mail. Notices are effective two business <br /> days after they are mailed via certified mail, return receipt requested or, if delivered in <br /> any other manner, when the party to whom the notice is directed actually receives the <br /> notice. If delivered at the Closing, a notice shall be deemed given when hand-delivered <br /> to the party's representative at the Closing. The business addresses of the parties are as <br /> follows: <br /> Seller: City Administrator <br /> City of Ramsey <br /> 7550 Sunwood Drive N.W. <br /> Ramsey, MN 55303 <br /> Buyer: Mr. Jeff Hagen <br /> Platinum Properties Group Inc. <br /> 500 Lake Street <br /> Suite 208 <br /> Excelsior, MN 55331 <br /> Notices not given in the manner or within the time limits set forth in this Agreement are <br /> of no effect and may be disregarded by the party to whom they are directed. <br /> 15. CLOSING. This transaction shall close on the date agreed to by Buyer and Seller, nor <br /> more than sixty(60) days after Buyer delivers a Notice of Suitability to Seller or on such <br /> earlier date as Seller and Buyer may establish by mutual, written agreement. The Closing <br /> shall take place at the offices of the Escrow Agent, or at some other place as the parties <br /> may mutually agree prior to such date. At the option of either Party, the executed closing <br /> documents, Purchase Price and closing costs may be deposited with the Escrow Agent <br /> and disbursed by the Escrow Agent pursuant to avoid the necessity for a Closing at which <br /> the Parties are present. <br /> a. Seller's Obligations at Closing. At Closing, Seller must deliver to Escrow Agent, <br /> for delivery to Buyer: <br /> i. A warranty deed, duly executed and acknowledged on behalf of the City <br /> and with the City's seal affixed, conveying title to the Property, subject to <br /> (A)the lien of real estate taxes, if any, not yet due and payable and any <br /> installments of special assessments certified for payment therewith; (B) <br /> Building, Subdivision and Zoning Ordinances; (C)Matters that would be <br /> disclosed by an accurate survey of the Property; and(D) matters that <br /> constitute Permitted Exceptions pursuant to Section 6; <br /> ii. A certified copy of a duly adopted City Ordinance and Resolution <br /> authorizing Seller's sale of the Property to Buyer; and <br /> 7 <br /> DOCS45557612-0 <br />