2019.04.03 EDC Packet - Laserfiche WebLink

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10 §103I.005, subd. 21, on the Redevelopment Property then any such wells shall be abandoned in accordance with Minnesota Statutes and the parties shall evenly share in the cost. ii. There are no individual sewage treatment systems (“systems”), as defined in Minn. Stat. § 115.55, Subd. 1, on the Redevelopment Property. This representation is intended to satisfy the requirements of Minn. Stat. § 115.55, Subd. 6 (m) The City has no knowledge as to the presence of hazardous substances (as the same are described in the regulations promulgated under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, an/or in the environmental laws of the State of Minnesota, and specifically including petroleum and related hydrocarbons and their byproducts, asbestos, and polychlorinated biphenyls) in, on or under the Redevelopment Property, except as may be expressly set forth in the reports that have been delivered by the City or its agents and consultants to the Redeveloper pursuant to Section 2.1 (n). (n) Within five (5) business days after the execution of this Agreement, the City shall deliver, or shall cause its agents or consultants to deliver, to Redeveloper all inform ation available to the City, and allowed to be provided to the Redeveloper pursuant to Minn. Stat. §13.01 et seq., regarding the ownership and potential development of the Redevelopment Property, including, but not limited to, correspondence from the City or County, flood zones, deed restrictions, utility commitments, engineering plans, studies, soils reports, engineering reports, construction plans, subdivision plans and/or environmental reports, and a copy of the City’s most recent survey of the Redevelopment Property. (o) The City is not aware of any methamphetamine production occurring on the Redevelopment Property. This representation is intended to satisfy the requirements of Minn. Stat. § 152.0275, Subd. 2(m). Section 2.2. Representations and Warranties by the Redeveloper. The Redeveloper represents and warrants that: (a) The Redeveloper is a limited liability company organized and in good standing under the laws of the State of Minnesota. (b) The Redeveloper has duly authorized the execution of this Agreement and the performance of its obligations hereunder, and neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement, is prevented, limited by or conflicts with or results in a breach of, any indebtedness, agreement or instrument of whatever nature to which the Redeveloper is now a party or by which it is bound, or constitutes a default under any of the foregoing.