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<br />-) <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 />- terms for transfer or assignment of agreement; <br />- indemnification; and <br />- termination of agreement. <br /> <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Councilmember Sorteberg and upon vote being taken <br />thereon, the following in favor thereof: <br /> <br />lIayor Reimann <br />Councilmember Cox <br />Councilmember DeLuca <br />Councilmember Pearson <br />Councilmember Sorteberg <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />., <br />J <br />;7" <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />None <br /> <br />wbe=eupon said resolution was declared duly passed and adopted by <br />tbe Ramsey City Council tbis tbe 25th;r of August, 1987. _ <br /> <br /> <br />L~{(~~-- <br /> <br />Hayorr:::J-" <br /> <br />ATTEST. ;' . ~ <br />tI . /17/// <br />. ;/ O. .1;:: /~__ I&~/ <br />city Administrator . - ~ <br />/ <br /> <br />.I <br /> <br />Resolution ~87-213 <br /> <br />Page 4 of 4 <br /> <br />10 <br /> <br />"'.... <br />