6A, Fox Ridge Easement Vacation Public Hearing and Final Plat A

Home Browse Search

withheld, and further provided that all financial sureties rernain in full force and effect. Moreover, nothing herein shall be construed to create a cause of action on behalf of the City against the Developer with respect to its business operations beyond ihe obligations set fortli herein relating to the development of the Property. 10.0 Governin� Laws. The City and Developer agree that the laws of the State of Minnesota shall govern all questions and inierpretations concerning th� validity and canstruction o� this Agreement and the legal relations betvveen the undersig�ed parties and perfarmance under it without regard to principies of conflicts of law. The language of this Agreement is and shall be deerned a result of negatiations a.mong fhe parties and the respective legal counsel and shall nat be strictly extrude for or againsfi any party. Each party agrees that any action arising out of ox in connection with this Agreement shall be brougl�t solely in the courts of the State af Minnesota, Fourth Judicial District, or the United States District Court for �e District of Minnesota. 1 i.0 Bindin� Effec#. The terms and provisions of this Agreement shall be binding upon and inure to the benefit to the heirs, representatives, successors and assigns a� the parties hexeto and shall be binding upon all future owt�ers of all or ariy part af the Properry. This Agreement, at the option of the City Cauncil, shall be placed of record so as to give notice thereto to any subsequent purc�asers and encumbrances of all or any part of the Property, and all recording fees, if ar�y, shall be paid by the Developer. 12.0 Metropo�itan Council AnnrovaL This Agreement anticipated that the City's atnendrnent of its 2030 Comprehensive Plan as part of this project would be approved by the Metropolitan Council. Without such Metropolitan Council approval, this Agreement and the appraval af the final plat for Fox Ridge shall be null and void. IN WITNESS WHEREOF, the City a�d Developer have caused this Agreement to be executed as of the date and year first above written. :