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Agenda - Economic Development Authority - 02/08/2024
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Agenda - Economic Development Authority - 02/08/2024
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3/14/2025 11:55:34 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
02/08/2024
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26. CONSTRUCTION. The Parties acknowledge that this Agreement was initially <br /> prepared by Seller solely as a convenience and that all Parties and their counsel hereto <br /> have read and full negotiated all the language used in this Agreement. The Parties <br /> acknowledge that because all Parties and their counsel participated in negotiating and <br /> 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 PERMIT DEADLINE. Within twenty-four months from the <br /> Closing Date, Buyer shall construct and obtain all permits and approvals ��t�-�f <br /> for a minimum 1,674 SF oil change building and to <br /> construction of 20 space parking lot on Northstar Marketplace site and connection to oil <br /> change development (Concept Plan on attached Exhibit B) and compliant with COR <br /> Zoning requirements to be further defined by an approved Site Plan. At Closing, a <br /> "Right of Re-Entry Agreement" shall be executed and recorded against the Property <br /> providing that, in the event the above deadline is not met, Seller has the right to reclaim <br /> 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 an approved final plat (if needed), development agreement, and 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, including The COR Design Standards. <br /> SELLER: The City of Ramsey, a Minnesota municipal corporation <br /> By: Dated: 12024 <br /> Mark Kuzma, Mayor <br /> By: Dated: , 2024 <br /> Brian Hagen, City Administrator <br /> Page 10 of 13 <br />
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