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We- understand that the Agency reserves the right • <br /> to' terminate Arkand as Redeveloper under the Redevelopment <br /> Contract at any time and/or to seek any .other- remedies it may <br /> have under the' Redevelopment Contract., documents previously <br /> executed - by Arkand, . .Arkand II and Arkand III , or- otherwise , <br /> with rio' obligation to comply with the conditions set forth <br /> above . This Agreement shall not be deemed an acknowledgment <br /> by Redeveloper that the Agency has the right to terminate Arkand <br /> as Redeveloper . <br /> If the terms herein are accepted and agreed to by <br /> City- and Agency, please execute both copies of this letter <br /> in the space provided for acceptance and return one executed <br /> copy to John W. Arkell , The Arkell Development Corporation, <br /> 580 Metro Square , 121 East Seventh Street , St . Paul , Minnesota . <br /> 55101. <br /> ARKAND PARTNERSHIP <br /> By : THE ARKELL DEVELOPMENT <br /> CORPORATION, A Partner <br /> By : <br /> John W. Arkell <br /> Its President <br /> By : KRAUS-ANDERSON, INCORPORATED`, <br /> A Partner <br /> By : <br /> Its . <br /> HOUSING AND REDEVELOPMENT <br /> AUTHORITY OF ST. ANTHONY, <br /> MINNESOTA <br /> By: <br /> Its : Chairman <br /> By : <br /> Its : Executive Director <br /> 3 _ • <br />