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WHEREAS, it is the policy of the City to enter into development contracts as contemplated <br /> in Minnesota Statutes §462.358, Subd. 2(a). <br /> WHEREAS, Minnesota Statute §463.151 provides in part that "The governing body of any <br /> municipality may remove or raze any hazardous building upon obtaining the consent in writing of <br /> all owners of record occupying tenants and all lien holders of record; the cost shall be charged <br /> against the real estate...(or) the governing body may provide that the cost so assessed may be paid <br /> in not to exceed five (5) equal annual installments with interest thereon at eight percent (8%) per <br /> annum. <br /> WHEREAS, Minnesota Statute §463.21 provides in part that "(t)he cost of the razing...or <br /> removal may be: a lien against the real estate." <br /> WHEREAS, Owner has requested that the City proceed,at the earliest possible time, to raze <br /> the building on the property and all its contents and proceed to demolish it and remove all <br /> improvements, rubble and debris because the property owner believes that the building is <br /> inadequately maintained, dilapidated and is a hazard to public health and safety. <br /> Furthermore, Owner is not able to manage the removal of the building and improvements <br /> and requests and requires that the City remove it. <br /> WHEREAS, the City requires certain temporary easements in connection with the <br /> reconstruction of T.H. 61. The temporary easement forms are attached as Exhibit hereto. <br /> NOW, THEREFORE, in consideration of the premises and of the mutual promises and <br /> conditions contained herein, it is agreed by the parties hereto as follows: <br /> 1.) Upon the execution of this Agreement, the City, its contractors, agents and <br /> employees are permitted to enter upon the property and secure it. The City is permitted to <br /> terminate and secure all utilities serving the property. <br /> 2 <br />