Laserfiche WebLink
At Closing, a"Right of Re-Entry Agreement" must be executed, in substantially the <br /> same form as attached hereto as'Exhibit C, and recorded to the Property providing that, in <br /> the event any of the above deadlines are not met, Seller has the right to reclaim title to the <br /> parcels for which certificates of occupancy have not been obtained, or in the alternative, <br /> and at Seller's sole discretion, Buyer shall pay Seller$20,000 for each certificate of <br /> occupancy that is not obtained pursuant to the deadlines set forth above. <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, 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. <br /> [Signature page to follow.] <br /> Page 11 of 18 <br />