Laserfiche WebLink
-u5 -1991 17:09 FROM SSIJEENEY & BORER <br />TO LITTLE- CONADa F.OS /15 <br />installed pursuant to the Development Contract and accepted by <br />the City. <br />13. Abstract of Title. The Developers shall provide a <br />current Abstract of Title, and shall pay any and all costs <br />associated with the updating of title and the formal review of <br />title. The Developers shall execute any documents necessary to <br />record this Development Contract at the Ramsey County Recorder's <br />Office, and to clarify title as deemed necessary by the City <br />Attorney. <br />14. Responsibility for Costs. The Developers shall pay <br />all costs associated with the review of the development, <br />engineering analysis, the drafting of this Agreement, City <br />administration, and any other wor]c necessary to complete the <br />project. In the event that the project proceeds to <br />construction, all costs relative to the improvement of DeSoto <br />Street shall constitute costs of the improvement and shall be <br />assessed to benefitting property owners, with Developers to be <br />reimbursed for eligible costs advanced. The Developers <br />acknowledge that all costs associated with the review of the <br />development project by the City and its agents shall be the <br />responsibility of the Developers. In the event that the <br />improvement is not constructed, all costs shall be the sole <br />responsibility of the Developers. Simultaneous with the <br />execution of this Development Contract, the Developers agree to <br />deposit the sum of Three Thousand and No /100 ($3,000.00) Dollars <br />-5- <br />Page 55 <br />