Laserfiche WebLink
DocuSign Envelope ID:B6D89C5B-9EC5-4BD5-9144-716EC1C4A22B <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 an approved final plat, development agreement, and building exterior visual <br /> renderings with the City of Ramsey for its intended project before Closing. The <br /> Development Agreement and Site Plan must comply with all local zoning ordinances and <br /> design standards, including The COR Design Standards. City of Ramsey will reimburse <br /> Buyer up to $3500 for re-platting expense. The reimbursement will only take place upon <br /> a successful closing and City of Rarnsey is not responsible for any cost reimbursement if <br /> Buyer does not close on subject property. Buyer to provide written documentation of <br /> platting costs for reimbursement. <br /> 31. CONTINGENCIES. In addition to all other requirements and contingencies by the <br /> Buyer and Seller herein, Buyer's obligation to acquire the Property and the Purchase <br /> Price of S 1.00 is contingent on the following: <br /> a. Satisfactory review of the underwriting by the Seller demonstrating the need of <br /> financial assistance in the form of a land write down of$311,454. <br /> b. City Council approval and execution of a Tax Increment Financing Agreement <br /> between the Seller and Buyer and or its assigns. <br /> c. City Council approval of Business Subsidy for Buyer and or its assigns. <br /> d. Hotel feasibility study supporting a viable market in the City of Ramsey, <br /> Developer obtaining surveys, environmental and geotechnical reports, wetland <br /> studies and such other items Developer determines to be necessary to build and <br /> operate the proposed hotel. <br /> e. Seller's approval of a replat of the Property. <br /> f. Buyer and Seller entering into a Development Agreement on such terms as are <br /> satisfactory to Buyer; <br /> g. Any shared access easernent(s) between the Property and any adjacent property <br /> required by Seller is in existence or has been obtained. <br /> SELLER: The City of Ramsey, a Minnesota municipal corporation <br /> By: Aav �1� Dated: /- v r wl-2b 12022 <br /> Mark E Kuzrna, ayor <br /> By: _ Dated: AuA 4 —LG , 2022 <br /> Brian Hagen, City 11-J <br /> Administrator <br /> 2636471A Page 10 of 12 <br />