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7 <br />518333v9 DTA MU205-47 <br />d. The Property is tax-forfeited property that has or will be acquired by the <br />Authority from the County. Therefore, there should not be any delinquent taxes <br />or special assessments attributable to the Property, however, in the event that <br />there are any delinquent taxes or special assessments, the Developer shall be <br />responsible at closing for payment thereof. The Developer shall also be <br />responsible for taxes payable in the current year. If a special assessment becomes <br />pending after the date of this Agreement and before the Date of Closing, the <br />Developer shall assume payment of the pending special assessment without <br />adjustment to the agreed-upon price of the Property. <br /> <br />e. The Developer shall obtain the title evidence determined necessary or desirable to <br />the Developer. In the event that there are any title issues, the Developer shall be <br />responsible for resolving those issues and at its own expense. <br /> <br />12. Platting Requirements. <br /> <br />a. The Developer shall plat the Property consistent with the preliminary plat of <br />BOULEVARD, approved by the City Council in Resolution No. 8777 (the <br />“Authorizing Resolution”), on December 11, 2017, subject to the conditions and <br />requirements contained in the Authorizing Resolution, the Mounds View City <br />Code, the Development Contracts and state statutes. Subject to the conditions and <br />requirements contained in the Authorizing Resolution, the Mounds View City <br />Code, Development Contracts, City Attorney plat opinion, state statutes, and local <br />ordinances and regulations, the Developer shall finalize the plat of BOULEVARD <br />and shall cause the final plat of BOULEVARD (the “Plat”) to be recorded with <br />the Ramsey County Recorder/Registrar of Titles and provide the City of Mounds <br />View with a reproducible Mylar copy of said plat. <br /> <br />b. Title Work/Consent/Attorney Review. Prior to recording the Plat with Ramsey <br />County, the Developer shall provide an updated and certified Abstract of Title <br />and/or Registered Property Abstract as required by Minn. Stat. § 505.03, or in the <br />alternative, the Developer must provide a Commitment for a Title Insurance Policy <br />for the Property naming the City as the proposed insured. The above-referenced title <br />work shall identify any other entity with a legal interest in the Property, including <br />but not limited to any entity with a mortgage interest, easement interest, etc. Prior to <br />recording the Plat with Ramsey County, the Developer agrees to provide the <br />Authority with a signed consent from any other entity with a legal interest in the <br />Property, including but not limited to any entity with a mortgage interest. <br /> <br />The above-mentioned evidence of title shall also be subject to the review and <br />approval of the City Attorney to determine what entities must execute the Plat and <br />other documents to be recorded against the Property. In the event the Developer <br />provides the City with a Commitment for a Title Insurance Policy, the Developer <br />shall cause a Title Insurance Policy to be issued consistent with the Commitment for <br />a Title Insurance Policy provided by the Developer and the requirements of the City <br />Attorney and with an effective date on which the Plat is recorded. The City will not