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CCP 06-02-2014
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CCP 06-02-2014
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12/8/2014 12:33:07 PM
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6/2/2014 8:17:09 AM
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obtain any and all governmental approvals the Owner or the Redeveloper deems necessary for the <br />development of the Redevelopment Property and the Option Property including without <br />limitation preliminary plat approval, comprehensive plan amendment approval and PUD <br />approval for Owner's intended development of the Redevelopment Property. <br />Owner and Redeveloper hereby covenant and agree that, if the Owner does not proceed to <br />Closing, then the Redevelopment Property and the Option Property shall be returned to their <br />original conditions after Owner or Redeveloper's entry, as the case may be, provided that neither <br />Owner or Redeveloper shall be responsible for any existing conditions on the Redevelopment <br />Property or the Option Property or for any environmental remediation or response actions <br />required as a result of such investigations and inspections; provided, however, that Redeveloper <br />and Owner, jointly and severally, shall be responsible to the extent either party exacerbates any <br />such condition as a direct result of Redeveloper's investigation or inspection of the <br />Redevelopment Property on behalf of the Owner. Except for soil borings and test pits, neither <br />Owner or Redeveloper shall conduct or cause to be conducted any physically intrusive <br />investigation, examination or study of the Redevelopment Property or the Option Property (any <br />such investigation, examination or study hereinafter an "Intrusive Investigation ") as part of its <br />inspection or otherwise without obtaining the prior written consent of City, which consent shall <br />not be unreasonably withheld. "Intrusive Investigation" shall mean any investigation, <br />examination or study that disturbs or disrupts the Redevelopment Property or the Option <br />Property, including, but not limited to, grading, but not including soil borings or test pits. <br />Owner, Redeveloper and their respective representatives shall, in performing its inspection, <br />comply with any and all Applicable Laws, subject to the terms of this Agreement. Except to the <br />extent required by any Applicable Law, neither Owner, Redeveloper nor their respective <br />representatives shall report the results of the inspection or any Intrusive Investigation to any <br />governmental or quasi - governmental authority without first obtaining City's written consent, <br />which consent shall not be unreasonably withheld so long as the scope and extent of the Intrusive <br />Investigation performed by Owner or Redeveloper is pursuant to a work plan that has been <br />approved by either the MPCA Voluntary Investigation Program ( "VIC ") or the MPCA <br />Petroleum Brownfield Program. Owner or Redeveloper, on Owner's behalf, may conduct <br />additional Phase II investigations and prepare a Response Action Plan addendum ( "RAP <br />Addendum ") for the planned development, including, but not limited to, the planned public and <br />site improvements outlined herein and the results of such additional investigations may be <br />provided by the Owner to the MPCA to the extent necessary to obtain any assurance letters from <br />the MPCA. Upon City's request, Owner shall provide City with copies of any and all final, third <br />party reports prepared on behalf of Owner as part of the inspection without any representation or <br />warranty regarding the accuracy thereof. <br />Owner, Redeveloper and their respective representatives who enter the site, shall: (a) maintain <br />comprehensive general liability (occurrence) insurance in an amount of not less than $2,000,000 <br />covering any accident arising in connection with the presence of Owner, Redeveloper and their <br />respective representatives at the Redevelopment Property and the Option Property and the <br />performance of any investigations, examinations or studies thereon, and shall deliver a certificate <br />of insurance (in form and substance reasonably satisfactory to City), naming City as an additional <br />insured thereunder, verifying the existence of such coverage to City prior to entry upon the <br />14 <br />
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