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<br />" ' 0 . <br /> <br />r <br /> <br />p <br /> <br />::~. <br /> <br />r' <br /> <br />subject to the execution of a development agreement with <br />the City. The agreement may include. but is not limited <br />to. the following: <br /> <br />- amount of the City's financial commitment; <br />- specifications of the City's commitment; <br />terms of the City's participation (such as liens. <br />deficiency agreements. etc.); <br />- insurance; <br />- financing; <br />- conditions of the developer's participation; <br />- events of default; <br />- tertns for transfer or assignment of agreement; <br />- indemnification; and <br />- termination of agreement. <br /> <br />The motion for tbe adoption of tbe foregoing resolution was duly <br />seconded by Councilmember Sorteberg and upon vote being taken <br />thereon. the following in favor thereof: ~ <br /> <br />Mayor Reimann <br />Councilmember Cox <br />Councilmember DeLuca <br />Councilmember Pearsoo <br />Councilmember Sorteberg <br /> <br />and the following voted against the same: <br /> <br />\' <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and <br />the Ramsey City Council this the 25~h da of August. 1987. <br /> <br /> <br />- ---~ <br /> <br />Mayor <br /> <br />adopted by <br /> <br /> <br />"'-. <br /> <br /> <br />City <br /> <br />Resolution #87-213 <br />Page 4 of 4 <br /> <br />/0 <br />