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08-26-2013
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Last modified
1/29/2025 9:16:04 AM
Creation date
8/6/2018 6:47:33 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
8/26/2013
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
8/26/2013
EDA Document Type
Council Packets
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which taken together shall constitute one and the same agreement. <br />22. ENTIRE AGREEMENUMODIFICATION: This Agreement, any attached exhibits and <br />any addenda or amendments signed by the parties shall constitute the entire agreement <br />between Seller and Buyer, and supersedes any other written or oral agreements between <br />Seller and Buyer. This Agreement can only be modified in writing signed by Seller and <br />Buyer. <br />23. WAIVER OF RELOCATION BENEFITS: The Buyer has notified the Seller that (a) <br />the Buyer only seeks to acquire the Property by voluntarily conveyance; (b) the parties <br />mutually initiated negotiations; (c) if negotiations fail, the Buyer will not acquire or <br />undertake acquisition of the Property by eminent domain; and (d) acquisition of the <br />Property in its abandoned and uninhabitable condition shall only occur pursuant to the <br />availability of Ramsey County CDBG grant monies, terms and conditions. Seller <br />represents and warrants that no person will be displaced or otherwise entitled to <br />relocation benefits as a result of the sale of the Property, and that there are no tenants or <br />other persons in possession of the Property other than Seller. Seller acknowledges that, <br />absent this Agreement, Buyer would not acquire the Property and specifically would not <br />exercise its power of eminent domain to acquire the Property. Seller agrees to defend and <br />indemnify the Buyer against any claims made by any third parties for relocation benefits <br />or services. <br />Further, the Buyer and Seller acknowledge that the Seller held a mortgage for the <br />Property that has been foreclosed, or in the alternative, Seller's mortgage has been <br />subject to the initiation of a foreclosure action. Had the Property been in a habitable <br />condition and inhabited, the parties acknowledge that the Seller may have been entitled to <br />relocation benefits pursuant to Minnesota Statutes Chapter 117; however, the Property is <br />presently abandoned. The Seller does not presently reside in the Property. As such, the <br />Seller acknowledges that no relocation benefits are applicable to the Property. Pursuant <br />to Minnesota Statutes Section 117.521, the Seller may voluntarily waive any relocation <br />assistance, services, payments and benefits, for which Seller is eligible under Chapter 117 <br />by signing a waiver agreement specifically describing the type and amounts of relocation <br />assistance, services, payments and benefits for which the Seller is eligible, separately <br />listing those being waived, and stating that the agreement is voluntary and not made <br />under any threat of acquisition by eminent domain by the Buyer. Prior to execution of <br />the waiver agreement by the Seller, the Buyer shall explain the contents of the agreement <br />to the Seller. The Seller has agreed to enter into such an agreement with the Buyer and <br />shall do so prior to closing on the Property. <br />24. INDEMNIFICATION: The Seller hereby agrees to protect, defend and hold the Buyer <br />and its officers, elected and appointed officials, employees, administrators, <br />commissioners, agents, and representatives harmless from and indemnified against any <br />and all loss, cost, fines, charges, damage and expenses, including, without limitation, <br />reasonable attorneys' fees, consultants' and expert witness fees, and travel associated <br />therewith, due to claims or demands of any kind whatsoever (including those based on <br />strict liability) arising out of (i) the marketing, sale or leasing of all or any part of the <br />9 <br />4305620 SJR MU205-44 <br />
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