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Agenda - Economic Development Authority - 08/12/2021
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Agenda - Economic Development Authority - 08/12/2021
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3/14/2025 3:36:30 PM
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8/6/2021 10:59:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
08/12/2021
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ARTICLE VI <br />ADDITIONAL PROVISIONS <br />Section 6.1. Restrictions on Use. Until termination of this Agreement, the Owner and <br />the Developer agree for themselves, their successors and assigns and every successor in interest <br />to the Development Property, or any part thereof, that the Owner and the Developer and such <br />successors and assigns shall operate, or cause to be operated, the Project as manufacturing, <br />warehousing, storage and distribution facilities, including without limitation space necessary for <br />and related to such uses, authorized under Minnesota Statutes, Section 469.176, Subdivision 4c <br />and shall devote the Development Property to, and in accordance with, the uses specified in this <br />Agreement. <br />Section 6.2. Conflicts of Interest. No member of the governing body or other official <br />of the City shall have any financial interest, direct or indirect, in this Agreement, the <br />Development Property or the Project, or any contract, agreement or other transaction <br />contemplated to occur or be undertaken thereunder or with respect thereto, nor shall any such <br />member of the governing body or other official participate in any decision relating to the <br />Agreement which affects his or her personal interests or the interests of any corporation, <br />partnership or association in which he or she is directly or indirectly interested. No member, <br />official or employee of the City shall be personally liable to the City in the event of any default <br />or breach by the Developer or successor or on any obligations under the terms of this Agreement. <br />Section 6.3. Titles of Articles and Sections. Any titles of the several parts, articles and <br />sections of the Agreement are inserted for convenience of reference only and shall be <br />disregarded in construing or interpreting any of its provisions. <br />Section 6.4. Notices and Demands. Except as otherwise expressly provided in this <br />Agreement, a notice, demand or other communication under this Agreement by any party to any <br />other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, <br />postage prepaid, return receipt requested, or delivered personally, and <br />(1) In the case of Developer is addressed to or delivered personally to: <br />c/o Oppidan, Incorporated <br />400 Water Street, Suite 200 <br />Excelsior, MN 55331 <br />Attn: David Scott <br />Email: dave@oppidan.com <br />(2) in the case of the Owner is addressed to or delivered personally to: <br />Ramsey Industrial Owner LLC <br />c/o Rockpoint Group, L.L.C. <br />Woodlawn Hall at Old Parkland <br />3953 Maple Avenue, Suite 300 <br />Dallas, Texas 75219 <br />Attn: Ron J. Hoyl. Esq. <br />Email :ron@rockpoint. coin <br />14 <br />13580713v2 <br />
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