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Agenda - Council - 11/12/2019
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Agenda - Council - 11/12/2019
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3/17/2025 2:35:14 PM
Creation date
11/14/2019 4:40:42 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/12/2019
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title to the Property shall be restored in Seller, and Buyer shall execute <br />whatever documents and undertake whatever steps are necessary to <br />establish and confirm Seller's fee simple interest in the Property free of any <br />claims or encumbrances, including mechanic's liens. <br />In the event Buyer does obtain a Building Permit from the City of <br />Ramsey for the Project within six (6) months from Closing, Seller <br />shall promptly confirm to Buyer in writing (letter or email) that <br />Seller no longer has the right to impose a $25,000 penalty against the <br />Property or to re-enter and take physical possession of the Property <br />in accordance with paragraph 3 above. <br />4. This document constitutes the entire Right of Re-entry Agreement between the <br />parties. Any modifications or amendments to this Agreement must be in writing <br />and signed by both parties. <br />
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