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09-12-2007 Council Agenda
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09-12-2007 Council Agenda
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days after such notice is given, Escrow Agent shall pay the entire remaining amount of the Escrow <br />Deposit, if any, to DLA Piper on behalf of Seller to be held and disbursed pursuant to the terms of <br />the DLA Piper Escrow Agreement. If Escrow Agent receives objections from Buyer within seven <br />(7) days after notice has been given, Escrow Agent shall not disburse the Escrow Deposit except as <br />agreed in writing by both Seller and Buyer, or as directed by a final, unappealable order of a court of <br />competent jurisdiction. <br />6. Indemnity. Seller shall indemnify, defend and hold Buyer and the Property harmless <br />from any loss, damage or expense suffered or incurred by Buyer in connection with activities at the <br />Property conducted by or on behalf of Seller in fulfilling Seller's obligations under this Escrow <br />Agreement, including, but not limited to, any mechanics' liens filed against the Property pursuant to <br />such activities. <br />7. Notices. Any and all notices to Escrow Agent shall he given to: <br />Land Title, Inc, <br />2935 Country Drive, Suite 103 <br />St. Paul, MN 55117 <br />Attention: Dennis Unger <br />Phone: (651) 766 -2354 <br />Fax: (651) 482 -1364 <br />Any notices to Buyer pursuant to this Escrow Agreement and any notices to Seller pursuant to this <br />Escrow Agreement shall be given as follows: <br />If to Buyer: <br />If to Seller: <br />City Administrator <br />City of Little Canada <br />515 Little Canada Road East <br />Little Canada, MN 55117 <br />Phone: (651) 766 -4029 <br />Fax: (651) <br />Twin Cities Stores, Inc. <br />1800 East Cliff Road, Suite 2 <br />Burnsville, MN 55337 -1375 <br />Attention: Scott Stevens <br />Phone: • +I tsz.i,yl•b')urJ <br />Fax: ( <br />XrZ <br />Any such notices shall be given either by registered or certified mail, return receipt requested; by <br />personal delivery; by a nationally recognized, reputable overnight courier; or by facsimile, copy <br />followed by mailed notice as above required Notices shall be deemed effective on the earlier of the <br />date of receipt or one (1) business day following deposit into the mail or with the overnight courier. <br />Any party may change its address for the service of notice by giving written notice of such change to <br />the other party in the manner specified in this Section 7. <br />9 <br />3 <br />
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