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Agenda - Economic Development Authority - 04/11/2019
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Agenda - Economic Development Authority - 04/11/2019
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3/17/2025 2:21:21 PM
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4/15/2019 3:50:47 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
04/11/2019
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<br />of this Agreement. A facsimile, .pdf file or digital copy of a signed counterpart or of an <br /> <br />assemblage of counterparts of this Agreement shall be deemed to be an original thereof. <br /> <br /> <br />28.CONSTRUCTION DEADLINE. <br />Buyer shall obtain a certificate of occupancy from the <br />City of Ramsey for the construction of a minimum of 60,000 SF manufacturing facility <br />on the Property by July 31, 2020- <br />executed and recorded to the Property providing that, in the event the above deadline is <br />not met, Seller has the right to reclaim title to the parcel(s) for which a certificate of <br />shall pay Seller a $150,000 penalty. In the event the penalty is not paid within 30 days of <br />receipt of notice, Seller may certify the penalty to Anoka County as an assessment <br /> <br />against the Property. <br /> <br /> <br />29.TIME PERIODS. <br /> The time for performance of any obligation or taking any action <br />under this Agreement shall be deemed to expire at 5:00 p.m. Pacific Time on the last day <br />of the applicable time period provided for in this Agreement. If the time for the <br />performance of any obligation or taking any action under this Agreement expires on a <br />Saturday, Sunday or legal holiday, the time for performance or taking such action shall be <br /> <br />extended to the next succeeding day which is not a Saturday, Sunday or legal holiday. <br /> <br /> <br /> <br />30.PLATTING & DEVELOPMENT AGREEMENT. <br />Buyer must obtain an approved <br />final plat, development agreement, and building exterior visual renderings with the City <br />of Ramsey for its intended project before Closing. The Development Agreement and Site <br />Plan must comply with all local zoning ordinances and design standards, including The <br /> <br />COR Design Standards. <br /> <br /> <br /> <br /> <br />SELLER: The City of Ramsey <br />, a Minnesota municipal corporation <br /> <br />By: ____________________________ Dated: ___________________, 2019 <br /> John LeTourneau, Mayor <br /> <br /> <br />By: ____________________________ Dated: ___________________, 2019 <br />Kurt Ulrich, City Administrator <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1011 <br />Page of <br /> <br /> <br />
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