CCP 07-31-2007 sp mtg - Laserfiche WebLink

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determine a solution. If no solution is reached, the Redeveloper may pay the additional costs in excess of $1,500,000.00 and proceed with the project or, if the Redeveloper chooses not to fund the excess, the City may pay such excess and require the Redeveloper to proceed or the City may, within 15 days agree to repurchase the land from the Redeveloper for the original Purchase Price. The City agrees to cooperate with the Redeveloper, should Redeveloper seek closure, no action or no association letters or other levels of relief or approval from MPCA or other agencies. The receipt of such letters, approval, etc. by the Redeveloper shall not be a condition to Closing. The Property may be conveyed using a non-platted description. Subsequent to closing, the Redeveloper shall join in any plat including the Redeveloper's Property. Zoning and Land Use Approvals/ Easements: Redeveloper will adhere to normal and customary site and building plan review requirements including the payment of normal and customary fees including park dedication fees as estimated on the attached schedule. Redeveloper shall obtain and pay for any necessary variances, rezoning, subdivision, platting, plat amendment and any other documentation for the construction and sale of the Minimum Improvements. Personal Property and Trash: The City shall remove all personal property, surface trash (apart from the 1950's dump) and other materials from the Property prior to closing. Realtor: Neither the Redeveloper or the City has retained a realtor and neither party has responsibility for any such fees. Leases: The following leases are known to be in place for either the Property or the Option Property: 1. A ground lease between MT Properties, Inc. (Landlord) and Clear Channel Communications, Inc. (Tenant) for a billboard located within the Butcher's Spur and adjacent to 1-35W (refer to Parcel C on Exhibit 2). Once the City has acquired title to Parcel C, the City will terminate the lease and remove the billboard by September 1, 2008. In the meantime, the City shall cause the Landlord to relocate the overhead electrical line that serves the billboard prior to September 1, 2007. 2. A ground lease between the City and Cingular Wireless for cell tower on the Option Property (Refer to Parcel E on Exhibit 2). The City shall be obligated to remove or relocate the cell tower