05-27-25-R - Laserfiche WebLink

Home Browse Search

19 not paid on time, the City may halt all development work until the invoices are paid in full. Invoices not paid within sixty (60) days shall be subject to an eight percent (8%) per annum interest charge. 30. SUCCESSORS AND ASSIGNS. The Developer may not assign this Agreement without the written permission of the City Council; provided, however, the Developer may collaterally assign its interest in the Agreement to a lender providing financing to Developer. This Agreement shall be binding upon and inure to the benefit of the parties and their respected successors and assigns, including without limitation, any and all future and present owners, tenants, occupants, licensee, mortgagee and any other parties with any interest in the Development Property. Should the Developer convey the Development Property to a third party, the City and Developer’s successor in interest may amend the Development or this Agreement, with City approval. Private agreements between the Developer and any third party related to matters necessary for the efficient use of the Development Property shall be the responsibility of the Developer and shall not bind or restrict City authority in any way. 31. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 32. NOTICES. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer or mailed to the Developer by certified mail at the following address: Trident Development LLC, 1200 25th Avenue South, St. Cloud, MN 56301. Notices to the City shall be in writing and shall be either hand delivered to the City Administrator, or mailed to the City by certified mail in care of the City Administrator at the following address: City of Arden Hills, 1245 West Highway 96, Arden Hills, Minnesota 55112.