Agenda - Council - 09/11/2018 - Laserfiche WebLink

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Minimum Improvements. If the Owner faits to make substantial progress on the Minimum Improvements for a 90-day period following initiation of work, the lien amount may become immediately due and payable in full. Notwithstanding any other provision herein to the contrary, the lien amount may become immediately due and payable in Full if the improvements are not completed by December 31, 2000, unless the said improvements are subject to Unavoidable Delays as defined in the Agreement. 4. The Lien shall automatically become null and void upon issuance by the City of a Certificate of Completion for the Minimum improvements. S. This agreement shall ran with the Property and shall insure to the benefit of, and be binding upon, the parities hereto and their respective heirs, executors, representatives, successors and assigns. 6. In the event that the Owner or any of its successors or assigns fails or refuses to make the repayment required by this agreement, within the time established, the City may, with or without notice, foreclose said lien in the same manner as is provided by statute For action for the foreclosure of mortgages upon real property. CITY OF RAMSEY, MINNESOTA I-1$c P DEVELOPMENT Its: Mayor By AIM Its: Ci n inistrator STATE OF MINNESOTA } 1 ss, COUNTY OF ANOKA By Its: Chief'Managcr On this 1'1 day of June, 2000, before me, a Notary Public, personally appeared Thomas G. Gamec and James E. Norman to me personally known, who, being each by me duly sworn did say that they arc respectively the Mayor and City Administrator of the City of Ramsey, the Municipal Corporation named in the foregoing instrument, and the said instntment was signed on behalf of said Municipal Corporation by authority of its City Council and said Thomas G. Gamcc and James E. Norman acknowledge said instrument to be the free act and deed of said Municipal Corporation. Not • • ublic Notary Public11r vca ri gyp. 31,Tbx 38