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CCAgenda_04Jan7
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CCAgenda_04Jan7
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7/14/2009 2:25:35 PM
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6/25/2009 2:20:32 PM
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2. The City agrees to deposit the $360,000.00 in Grant funds remaining from the <br />• Livable Communities Grant pursuant to the Master Disbursement Agreement dated as of <br />December 1, 2003, by and among the Senior Developer, Glaser Financial Group, Inc., a <br />Minnesota corporation (the "First Mortgage Lender"), Ramsey County Housing and <br />Redevelopment Authority ("Ramsey County HRA"), the City and Commercial Partners Title, <br />LLC (the "Title Company") to be disbursed to the Senior Developer in accordance with the <br />terms of such Master Disbursement Agreement. <br />3. The Developers and the Master Developer, and each of them, will indemnify and <br />hold the City harmless from any and all claims against the City, including reasonable attorney's <br />fees and costs, relating in any way to the use of the Grant funds. <br />[The remainder of this page has been left blank intentionally. <br />Signature pages follow.] <br />• <br />• <br />~a <br />
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