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v. This letter of credit is separate from the letter of credit that will be <br />required by the City of Ramsey through the city's standard platting and <br />development agreement processes. <br />30. BUSINESS SUBSIDY ACT NOT APPLICABLE. This Agreement does not constitute <br />and formal business subsidy as defined by Minnesota Statues, Sections 116J.993 to <br />116J.995. The land price determined in this Agreement is a result of negotiations, based <br />on the conditions of the Property. <br />31. COUNTERPARTS; DIGITAL COPIES. This Agreement may be executed in any <br />number of counterparts and the signature pages of the separate counterparts combined <br />into a single copy of this Agreement which will then constitute a fully executed version <br />of this Agreement. A facsimile, .pdf file or digital copy of a signed counterpart or of an <br />assemblage of counterparts of this Agreement shall be deemed to be an original thereof. <br />32. DEADLINE FOR REMOVAL OF CITY PROPERTY. The City shall have until <br />September 15, 2017 to remove: all bunker blocks located on the perimeter of the property <br />(approximately 250+), approximately 100 tons of stock -piled boulders/ rocks, and <br />approximately500 tons of stock -piled con -bit (class 5). <br />33. IRS SECTION 1031 TAX -DEFERRED EXCHANGE. The Seller herein <br />acknowledges that it is the intention of the Buyer to complete an IRS Section 1031 Tax - <br />Deferred Exchange and that the Buyer's rights under this Agreement shall be assigned to <br />Commercial Partners Exchange Company, LLC, for the purpose of completing such <br />exchange. Further, this Agreement may be assigned to an exchange accommodation title <br />holder for the purpose of structuring build -to -suit construction exchange under Section <br />1031 according to Revenue Procedure 200-37. Seller agrees to cooperate with the Buyer <br />and/or its assigns in a manner necessary to complete said exchange. <br />Page 11 of 13 <br />