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in the performance of the PERMITTEE'S obligations under this <br />Agreement - or, if the CITY has knowledge of PERMITTEE defaults, <br />describing those defaults; and (v) that, to the best of the CITY' S actual <br />knowledge, the CITY is not in default in the performance of the CITY'S <br />obligations under this Agreement - or, if the CITY has knowledge of CITY <br />defaults, describing those defaults. At any time that the PERMITTEE <br />believes it has fully performed its obligations under this Agreement, the <br />PERMITTEE may so notify the CITY and the CITY shall promptly <br />inspect the Subject Property to determine if the PERMITTEE has fully <br />performed its obligations under this Agreement. Within ten (10) days after <br />the CITY'S inspection the CITY must provide the PERMITTEE with <br />either a detailed written description of the PERMITTEE's obligations <br />which the CITY determines the PERMITTEE has not fully performed or <br />a recordable instrument executed by the CITY'S mayor and CITY <br />administrator evidencing the termination and satisfaction of this <br />Agreement. <br />m. Future Lots. The PERMITTEE acknowledges that Outlot H of the <br />Riverstone Addition is not developable until Stage I Improvements are <br />constructed adjacent to this parcel, including Puma Street reconstruction. <br />n. Notices. Required notices shall be in writing, and shall be either hand <br />delivered to the Parties, its employees or agents, or mailed to them by <br />certified or registered mail at the following address: <br />TO PERMITTEE: <br />Riverstone Development, LLC. <br />Attn: Stephen Bona <br />14015 Sunfish Lake Blvd. NW <br />Ramsey, MN 55303 <br />TO THE CITY: <br />City of Ramsey <br />Attn: Community Development Director <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />[The remainder of this page is intentionally left blank.] <br />