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Exhibit B compliant with City Zoning requirements to be further defined by an approved <br />Site Plan 16 months after closing. At Closing, a "Right of Re -Entry Agreement" must be <br />executed and recorded to the Property providing that, in the event the above deadline is <br />not met, Seller has the right to reclaim title to the parcel(s) for which a certificate of <br />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: , 2024 <br />By: Dated: , 2024 <br />Brian Hagen, City Administrator <br />Page l0 of 14 <br />