Agenda - Council - 07/10/2018 - Laserfiche WebLink

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and any third party who is purchasing all or any portion of the Subject Property or to whom the PERMITTEE is granting a mortgage on all or any portion of the Subject Property with a written estoppel certificate stating: (i) that this Agreement remains in full force and effect — or - that this Agreement has been terminated; (ii) that this Agreement has not been modified or amended - or, if this Agreement has been modified or amended -, identifying such modifications or amendments; (iii) the type and amount of any security the CITY is holding to secure the performance of the PERMITTEE'S obligations under this Agreement; (iv) that, to the best of the CITY'S actual knowledge, the PERMITTEE is not in default in the performance of the PERMITTEE'S obligations under this Agreement - or, if the CITY has knowledge ofPERMITTEE defaults, describing those defaults; and (v) that, to the best of the CITY'S actual knowledge, the CITY is not in default in the performance of the CITY'S obligations under this Agreement - or, if the CITY has knowledge of CITY defaults, describing those defaults. At any time that the PERMITTEE believes it has fully performed its obligations under this Agreement, the PERMITTEE may so notify the CITY and the CITY shall promptly inspect the Subject Property to determine if the PERMITTEE has fully performed its obligations under this Agreement. Within ten (10) days after the CITY'S inspection the CITY must provide the PERMITTEE with either a detailed written description of the PERMITTEE's obligations which the CITY determines the PERMITTEE has not fully performed or a recordable instrument executed by the CITY'S mayor and CITY administrator evidencing the termination and satisfaction of this Agreement. m. Future Lots. The PERMITTEE acknowledges that Outlot H of the Plat is not developable until Stage I Improvements are constructed adjacent to this parcel, including Puma Street reconstruction. n. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its employees or agents, or mailed to them by certified or registered mail at the following address: TO PERMITTEE: Riverstone Development, LLC. Attn: Stephen Bona 14015 Sunfish Lake Blvd. NW Ramsey, MN 55303 TO THE CITY: City of Ramsey Attn: Community Development Director 7550 Sunwood Drive NW Ramsey, MN 55303 [The remainder of this page is intentionally left blank]