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"Hazardous Substance" or"Hazardous Substances" means any pollutant,, contaminant,
<br /> hazardous substance or waste, solid waste, petroleum product, distillate, or fraction,
<br /> radioactive material, chemical known to cause cancer or reproductive toxicity,
<br /> polychlorinated biphenyl or any other chemical, substance or material listed or identified
<br /> in or regulated by any Environmental Law.
<br /> 11. RELEASE. By accepting the deed to the Property, Buyer, for itself, its directors,
<br /> officers, stockholders, divisions, agents, affiliates, subsidiaries, predecessors, successors,
<br /> and assigns and anyone acting on its behalf or their behalf hereby fully releases and
<br /> forever discharges Seller from any and all Claims (including without limitation all Claims
<br /> arising under any Environmental Law and all Claims arising at common law, in equity or
<br /> under a federal, state or local statute, rule or regulation), past, present and future, known
<br /> and unknown, existing and contingent, arising out of, resulting from, or relating to the
<br /> condition of the Property, and Buyer hereby waives any and all causes of action
<br /> (including without limitation any right of contribution) Buyer had, has or may have
<br /> against Seller and anyone acting on its behalf with respect to the condition of the
<br /> Property, whether arising at common law, in equity or under a federal, state or local
<br /> statute, rule or regulation. The foregoing shall apply to any condition of the Property,
<br /> known or unknown, contemplated or uncontemplated, suspected or unsuspected,
<br /> including without limitation the presence of any Hazardous Substance on the Property,
<br /> whether such Hazardous Substance is located on or under the Property, or has migrated
<br /> from or to the Property.
<br /> 12. NOTICES. Notices permitted or required by this Agreement must be in writing and
<br /> shall be deemed given when delivered in legible form to the party to whom addressed.
<br /> Notices may be sent by certified mail or e-mail. Notices are effective two business days
<br /> after they are mailed via certified mail, return receipt requested or, if sent by email, upon
<br /> email transmission (provided that any email transmission that occurs after 5:00 pm
<br /> Central Time will be deemed provided on the following day). If delivered at the Closing,
<br /> a notice shall be deemed given when hand-delivered to the party's representative at the
<br /> Closing. The business addresses of the parties are as follows:
<br /> Seller: City Administrator
<br /> City of Ramsey
<br /> 7550 Sunwood Drive N.W.
<br /> Ramsey, MN 55303
<br /> Email: bhagengcityoframsey.com
<br /> Buyer: Centra Homes LLC
<br /> David Pattberg, Vice President of Land
<br /> 11460 Robinson Drive NW
<br /> Minneapolis, MN 55433
<br /> Email: david.pattberg@centrahomes.com
<br /> Notices not given in the manner or within the time limits set forth in this Agreement are of
<br /> no effect and may be disregarded by the party to whom they are directed.
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