CC PACKET 06242003 - Laserfiche WebLink

Home Browse Search

13 To Buyer: Autumn Woods II, L.P. Attn: Paul Brewer 4601 Excelsior Boulevard, #601 St. Louis Park MN 55416 To Seller: Housing and Redevelopment Authority of St.. Anthony, Minnesota c/o Michael Morrison, City Manager 3301 Silver Lake Road St. Anthony, Minnesota 55418 or addressed to any such party at such other addresses as such party shall hereafter have furnished notice of to the other party. 14. Completion of Project. Prior to Closing, Buyer will provide Seller with evidence, reasonably satisfactory to Seller, that Buyer has obtained adequate financing for construction of the Project. Buyer will, subject to unavoidable delays, complete the construction of the Project on or prior to December 31, 2004 (the "Completion Date"), in accordance with the terms of this Agreement, and all local, state and federal laws and regulations. Buyer shall submit construction plans to the Seller("Construction Plans") prior to Closing. The Construction Plans shall provide for construction of the Project consisting of construction in conformity with this Agreement, and all applicable state and local laws and regulations. The Seller shall approve the Construction Plans in writing if no Event of Default has occurred and, in the reasonable discretion of the Seller, the Construction Plans: (a) conform to the terms and conditions of this Agreement; (b) conform to all applicable federal, state and local laws, ordinances, rules and regulations; (c) are adequate to provide for construction of the Project; and (d) provide for minimum disturbance to neighboring properties during construction. All work with respect to the Project shall be in substantial conformity with the Construction Plans approved by the Seller. Buyer shall promptly begin the Project not later than September 1, 2003 and diligently prosecute the Project to completion on or prior to the Completion Date. Buyer shall make reports, in such detail and at such times as may reasonably be requested by the Seller, as to the actual progress of Buyer with respect to the Project. Buyer shall not interfere with, or construct any improvements over, any public street or utility easement without the prior written approval of the Seller. All connections to public utility lines and facilities shall be subject to approval of the Seller and any private utility company involved. Except for public improvements which are assessable by the Seller or other governmental body against other benefited properties, all street and utility installations, relocations, alterations and restorations shall be at Buyer's expense and without expense to the Seller. Buyer, at its own expense, shall replace any public facilities or utilities damaged during the Project. 4