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CCAgenda_04Jan7
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CCAgenda_04Jan7
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Section 10.2. Titles of Articles and Sections. Any titles of the several parts, Articles, and <br />. Sections of the Agreement are inserted for convenience of reference only and shall be <br />disregarded in construing or interpreting any of its provisions. <br />Section 10.3. Notices and Demands. Except as otherwise expressly provided in this <br />Agreement, a notice, demand, or other communication under the Agreement by either party to <br />the other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, <br />postage prepaid, return receipt requested, or delivered personally; and <br />(a) in the case of the Multifamily Developer, is addressed to or delivered personally <br />to the Multifamily Developer at 233 Park Avenue South, Suite 201, Minneapolis, Minnesota <br />55415; and <br />(b) in the case of the City, is addressed to or delivered personally to the City at City <br />Hall, 2077 West Larpenteur Avenue, Falcon Heights, Minnesota 55113. <br />or at such other address with respect to either such party as that party may, from time to time, <br />designate in writing and forward to the other as provided in this Section. <br />Section 10.4. Disclaimer of Relationships. Nothing contained in this Agreement nor any <br />act by the City or the Multifamily Developer shall be deemed or construed by any person to <br />create any relationship of third-party beneficiary, principal and agent, limited or general partner, <br />or joint venture among the City, the Multifamily Developer, and/or any third party. <br />• Section 10.5. Modifications. This A reement ma be modified solel throu h <br />g y y g written <br />amendments hereto executed by the Multifamily Developer and the City. <br />Section 10.6. Counterparts. This Agreement may be executed in any number of <br />counterparts, each of which shall constitute one and the same instrument. <br />Section 10.7. Judicial Interpretation. Should any provision of this Agreement require <br />judicial interpretation, the court interpreting or construing the same shall not apply a presumption <br />that the terms hereof shall be more strictly construed against one party by reason of the rule of <br />construction that a document is to be construed more strictly against the parry who itself or <br />through its agent or attorney prepared the same, it being agreed that the agents and attorneys of <br />both parties have participated in the preparation hereof. <br />Section 10.8. Business Subsidy Agreement. The City has held a public hearing on the <br />provision of a business subsidy to the Multifamily Developer as required by Minnesota Statutes, <br />Sections 116J.993 to 116J.995. After the public hearing the City found that there are no wage or <br />job goals required of the Multifamily Developer because the primary purpose of the City in <br />assisting the Multifamily Developer's development is to eliminate blighted and deteriorating <br />improvements on the subject property and to provide affordable housing for low and moderate <br />income persons and their families, and not for the purposes of job creation or retention. <br />Notwithstanding the foregoing, at the time of conveyance of the Shopping Center Parcel to the <br />C7 <br />~ ~r.,~+ : ~ r~-,~.- r . <,f n ~ ,~,~ 20 <br />.kt~~~e-l ~. `?A~~December 29, 2003 <br />99 <br />
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