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said apportiomnent shall he decei mined as follows: The .I <br />numerator oE the apportionment fraction shall be the num- <br />Iberofdaysremaininginthecalendryeazfromthedate <br />of closinq, the denominator of siid fraction snall be 365. :,I <br />3. City, subject to pertm-mnn c b, nrvcloper of the terms of , <br />chis e 9reement, shall ::imultanou:lp •di li the conveyanca as described <br />in araqraphs 1 arci 2 ebovu, pay to n vr•lo rs t!:c num of One Hundred <br />Thirtv-six Thousnn Five i!undrrd nollar;: (!:l7G,S0o)and eransfer and conve <br />to Developers the p:emises outlined in rcd on Exhihi.r. c, artached hereto <br />and herQby made a part hereof, which premi.ses are more particularly <br />described on Exhi6it G, attached lereto and hereby made a oart hereof <br />hereinafter ieferred [o as "Existing Vark Property"). <br />A. City's transfer and corrvayanre of ti e Existing <br />Park Property shall be by Warr.nty Deed schject to the <br />following: <br />1) Exceptions appearing on the original c r- <br />tificate of title; <br />2) Building and zoninq laws, ordinances, <br />state and federal regulatiuns; <br />3) Reservation [o the State of Minnesota <br />of mineral and mineral riahtr:; <br />4) F.ascments, coveOanls, restrictions and <br />v 5 c1 a.e...,:,:; .., .. <br />5) Special assessments levied or pending. <br />B. Developer shall assume the real estate taxes and soecial . <br />assessments payable in the year 1980 on an apportioned basis, <br />said apportionment shall be determined as follows: The numeratoi ,. <br />of the apportionment fraction shall be the number of days remain- . <br />ing in the calendar year fzom the date of closinq, the denominator <br />of said fraction shall be 365. <br />4. Uoon comoletion of the conveyancrs as above desczibed, Develooess. <br />and any subseauent purchasers of the Prooer[y or narts thereof, shall be ' <br />deemed to have satisfied witA regard to the Prooerty ordinance :7u aber 42.1! <br />which requires a ten percent (104) park land dedication to the Citv at Yhe.!, <br />tire of subdivision dcvelopnent. <br />5. 7eveloners and City ave concept illy agreed to the develoor.ient . <br />f e!'elon=-s' -o erty, a`.ter the convcy:nce.^. as hereinbefore set