Laserfiche WebLink
Developer. Documentation of these amounts shall be provided to the <br /> City by no later than April I5, 2011. <br /> B) The appraised value of the property at the time the City notifies the <br /> Developer of its intent to redevelop the property with the appraisal <br /> prepared by a certified property appraiser who is mutually ageeeable to <br /> both parties. Both parties agree that their approval of the appraisal <br /> will not be unreasonably withheld. If an appraiser cannot be agreed <br /> upon after 30 days notice from the City of its intent to conduct the <br /> appraisal, then the City may choose the appraiser and the Developer <br /> agrees to be bound by the value determination. The appraised value of <br /> the property is to be based upon comparable sales for similar property. <br /> The cost of the appraisal shall be borne by the City with the <br /> understanding the City may undertake the appraisal process as part of <br /> its evaluation of the redevelopment potential aP the property. Both <br /> parties agree the appraisal shall remain valid as a basis for acquisition <br /> for 12 months from its preparation date. <br /> <br /> 2. The Developer agrees to complete the sale and provide possession of the <br /> property to the City within six months of Developer's receipt of written notice <br /> of the City's intent to acquire the property for redevelopment. <br /> 3. Developer shall be eligible for relocation benefits as provided for by the <br /> Uniform Acquisition & Relocation Act as of the date acquisition takes place. <br /> 4. The action or inaction of the City shall not constitute a waiver or amendment <br /> to the provisions of this Agreement. To be binding, amendments or waivers <br /> shall be in writing, signed by the parties and approved by written resolution of <br /> the City Council. City's failure to promptly take legal action to enforce this <br /> Agreement shall not be a waiver or release. <br /> 5. This agreement shall be binding upon the parties, their heirs, successors or <br /> assigns, as the case may be. Developer shall notify prospective buyers of the <br /> existence of this Agreement if it seeks to sell the property to a third party. <br /> 6. Required notices to Developer shall be in writing and shall be either hand <br /> delivered or mailed by certified mail, in care of the CEO, to the following <br /> address: <br /> PWS Holdings LLC <br /> 2948 Rice Street <br /> Little Canada, MN 55103 <br /> 7. Required notices to the City shall be in writing and shall be either hand <br /> delivered or mailed by certified mail, in care of the city administrator, to the <br /> following address: <br /> <br />