Laserfiche WebLink
the above deadline is not met, Seller has the right to reclaim title to the parcel(s) for <br /> which a certificate of occupancy was not obtained.. <br /> D. The Buyer and Seller entered in to a Right of Re-Entry Agreement dated August <br /> 22, 2023 and recorded at the Anoka County Registrar of Titles on September 15, <br /> 2023 as document number 612539.008. <br /> E. The Buyer has requested that the required certificate of occupancy date of the <br /> Right of Re-entry Agreement be changed from January 22, 2025 to June 30, 2025. <br /> Agreement <br /> .v <br /> 1. The recitals are incorporated herein as if fully set forth and amend and super cede <br /> the Right of Re-Entry Agreement filed on August 22, 2023 as document number <br /> 612539.008. <br /> 2. Seller shall have the right, but not the obligation, to either impose a penalty against <br /> the Property pursuant to Paragraph 3, or to re-enter and take possession of the <br /> Property pursuant to Paragraph 4, in the event that any of the following Conditions <br /> are not satisfied by Buyer: <br /> a. Buyer must obtain a certificate of occupancy from the City of Ramsey, for <br /> the project described below by June 30, 2025. <br /> Project Description: <br /> i. Ramsey Properties, LLC Site Plan, approved by the City <br /> of Ramsey on May 9, 2023 by Resolution #23-059. <br /> ii. Development Agreement for Ramsey Properties, LLC, <br /> approved by the City of Ramsey on July 11, 2023 by <br /> Resolution #23-117. <br /> Provided, however that if completion of the performance shall be delayed at <br /> any time by reason of acts of God, war, civil commotion, riots, strikes, <br /> picketing or other labor disputes unavailability of labor or materials, <br /> damage to work in progress by reason of fire or other casualty, or any cause <br /> beyond such Party's reasonable control, then the time for performance as <br /> herein specified shall be appropriately extended by the amount of the delay <br /> actually so caused. <br /> 3. Seller may impose a penalty of$50,000.00 against the Property if the certificate of <br /> occupancy is not obtained, for the construction of a minimum 65,000 square foot <br /> 98-unit hotel, pursuant to the deadline set forth above. The penalty is due upon <br />