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06-12-17-R
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06-12-17-R
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6 <br />192540v3 <br />1. The Developer shall submit a cash escrow in the amount of 25 percent of <br />the estimated costs of site improvements including grading, utilities, and paving, prior to the <br />issuance of any development permits. The escrow will be used for City costs related to review, <br />approval, and inspection of site improvements or any costs incurred by the City in the event of a <br />Developer default. <br />2. The Developer shall submit a cash escrow in the amount of 25 percent of <br />the estimated costs of landscaping prior to the issuance of any development permits. The escrow <br />will be held by the City for two (2) years after installation of landscaping and used for City costs <br />related to review, approval, and inspection of landscaping, or Developer default. <br /> D. Required Permits. The Developer shall obtain all necessary permits, including, <br />but not limited to, NPDES, Rice Creek Watershed District, Ramsey County, and City grading <br />and erosion control permits. Copies of all necessary permits shall be submitted to the City prior <br />to the issuance of any development permits. <br />5. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to <br />the benefit of the parties and their respective successors and assigns, including without <br />limitation, any and all future and present owners, tenants, occupants, licensee, mortgagee and <br />any other parties with any interest in the Property. <br />6. LIMITATION OF LIABILITY. Notwithstanding anything in this Agreement to the <br />contrary, the liability of Group Health shall be limited to its ownership of the Property. Upon <br />sale or conveyance of any portion of the Property, the transferee shall be liable for all obligations <br />of Group Health which relates to the portions of the Property so transferred and the transferor <br />shall be automatically released from any further obligation, liability, right or responsibility in <br />respect to such transfer. Moreover, nothing herein shall be construed to create a cause of action
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