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Agenda - Economic Development Authority - 09/09/2021
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Agenda - Economic Development Authority - 09/09/2021
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3/14/2025 3:36:41 PM
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9/2/2021 4:18:00 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
09/09/2021
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drafting this Agreement, no rule of construction shall apply to this Agreement to construe <br />ambiguous or unclear language in favor of or against any Party. <br />27. COUNTERPARTS; DIGITAL COPIES. This Agreement may be executed in any <br />number of counterparts and the signature pages of the separate counterparts combined <br />into a single copy of this Agreement which will then constitute a fully executed version <br />of this Agreement. A facsimile, .pdf file or digital copy of a signed counterpart or of an <br />assemblage of counterparts of this Agreement shall be deemed to be an original thereof. <br />28. CONSTRUCTION DEADLINE. Buyer shall obtain a certificate of occupancy from the <br />City of Ramsey for the construction of a minimum 10,000 SF building compliant with <br />City Zoning requirements to be further defined by an approved Site Plan a year after <br />closing. At Closing, a "Right of Re -Entry Agreement" must be executed and recorded to <br />the Property providing that, in the event the above deadline is not met, Seller has the right <br />to reclaim title to the parcel(s) for which a certificate of occupancy was not obtained. <br />29. TIME PERIODS. 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. Central 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 />extended to the next succeeding day which is not a Saturday, Sunday or legal holiday. <br />30. PLATTING & DEVELOPMENT AGREEMENT. Buyer must be in the process of <br />obtaining Site Plan Approval and Development Agreement, and approved building <br />exterior visual renderings with the City of Ramsey for its intended project before Closing. <br />The Development Agreement and Site Plan must comply with all local zoning ordinances <br />and design standards. <br />SELLER: The City of Ramsey, a Minnesota municipal corporation <br />By: <br />Mark E. Kuzma, Mayor <br />Dated: , 2021 <br />By: Dated: , 2021 <br />Kurt Ulrich, City Administrator <br />Page 10 of 13 <br />
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