Laserfiche WebLink
RELEASE OF OBLIGATIONS <br />WHEREAS, The Economic Development Authority of the City of Little Canada, a body <br />corporate and politic under the laws of the State of Minnesota (the "EDA ") and Market Place <br />Center Limited Liability Company, a Minnesota limited liability company (the "Developer ") <br />entered into a Development Agreement that is dated December 27, 1995, with a Memorandum of <br />said agreement being filed on April 30, 1996 as Document No. 2925270 in the Ramsey County <br />Recorders Office, and <br />WHEREAS, said Development Agreement created obligations involving the property <br />described on Exhibit A attached hereto, and <br />WHEREAS, Developer assigns have dedicated necessary public right -of -way to the C <br />of Little Canada from the property described in Exhibit A, <br />y <br />WHEREAS, EDA has purchased the remaining property from Developer as of February <br />14, 2003: <br />NOW, THEREFORE, this document hereby certifies that Developer and City have <br />hereby satisfied all of their respective obligations under the Development Agreement with <br />respect to the property described in Exhibit A by virtue of the actions identified above. As a <br />result, the aforementioned Development Agreement no longer encumbers the property identified <br />on Exhibit A. <br />ECONOMIC DEVELOPMENT <br />AUTHORITY of the <br />CITY OF LITTLE CANADA <br />Michael I. Fahey <br />President <br />Joel R. Hanson <br />Secretary <br />