Agenda - Council - 01/10/2023 - Laserfiche WebLink

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b. Provide the necessary releases or satisfactions so the County may acquire marketable title to the property described in Exhibit A; and c. Provide any other documents necessary to fulfil obligations of the Settlement Agreement or to convey marketable title of the property described in Exhibit A to the County; and 4. PAYMENT OF SETTLEMENT AMOUNT The County shall issue checks payable the Metropolitan Council for the Settlement Amounts, to repay the designated portion of the Owner's RALF loans on the Property. Payment to the Metropolitan Council shall be made via check or preferably via ACH, with remittance to metcarna,metc.state.mn.us including reference "RALF Loans L08-01" and so forth, for each RALF Parcel. The County shall also be responsible for recording fees and associated costs, as reflected on the Closing Statements. Upon payment, the Owner shall ensure that the County will receive executed partial releases of any restrictive covenants on the above -described Property, if any such release is requested by the County or the Met Council. 5. FULL RELEASE OF CLAIMS / OTHER CONSIDERATIONS In exchange for payment of the above -described Settlement Amount (less costs of closing) the sufficiency of which is hereby acknowledged, Owner, and its officers, directors, partners, managers, members, successors and assigns, hereby fully release and discharge Anoka County and all of its elected officials, employees, directors, and officers, from any and all claims, demands, damages, actions, attorneys' fees, losses, causes of action or suits of any kind or nature, known or unknown, for any and all claims arising from any source whatsoever, including but not limited to claims arising out of or relating in any way to the Highway Project. 6. AGREED TO AWARD If there are any liens, encumbrances or other interests of any kind which may affect marketable title to the RALF Parcels described in Exhibit A, and documentation discharging, releasing or clearing the same is not provided to the County, Owner understands and agrees that acquisition of the property shall be through condemnation, that a stipulated award in the Settlement Amount provided by this agreement shall be entered by the court -appointed condemnation 3