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<br />..)c.. ~ I U I ..-.::. I .:...'\,,)...... ~ r .\.."'\.." uc....'\""~.~. "- .. -.;. " .- : .:. l ~"\.~'.... i ,- ,';_"'\..'. ,:"~.'\",,.'~~- - ~ . ~ - <br /> ~._ ___ I~~V.- ~ .~ <br />I' . "/18 <br />I mi!lchief. Seller shall bcar che risk of 105s or damage <br />,. to the Real Property through the Executory Period. <br /> However, during the Executory Period, Seller shall not <br /> execute any contracts, leases or other agreements <br /> regClr<.ling the: Real Pruperty that are noc terminated <br /> prior to the Closing Date, nor perform any act that <br />I would impair or encumber the title to the Real <br /> Property, without the prior written consent of City. <br /> City may enter upon the Real Property and easement <br />I areas for the purpose of constructing public utilities. <br /> 1. Post-Closing Matters. The following obligations of the <br /> parties shall survive the Closing. <br />I l. Gateway Zoninq Ordinance Amendment. Cicy shall <br /> conduct a public hearing, take all other legal <br />I steps necessary and amend the Gateway Business <br /> District Zoning Ordinance to add a section to read <br /> as follows: "Any billboard located in the GB <br /> District may be expanded, altered, relocated or <br />I otherwise modified solely upon written approval of <br /> the City, provided the expansion, alteration, <br /> relocation or modification is authorized by the <br /> City of Arden Hills in connection with a <br />I transaction which will result in a net reduction <br /> in the number of billboards or in the aggregate <br /> sign face area of the billboards. located within <br />.. the OB District" (the "Zoning Text Amendment"). <br /> 2 . Issuance of Permits. Upon completion of the <br /> Zoning Text Amendment, the City shall give the <br />I necessary zoning approval, issue the necessary <br /> permits and take all other steps required for City <br /> to issue appropriate permits to allow Seller to <br />I relocate and rebuild Billboard 3 in the general <br /> vicinity of its current location; and to allow <br /> Seller to add a panel to Billboard 4 of the same <br /> size as the current panel on Billboard 4. Such <br />I changes shall not include an increase in the <br /> height of the Billboards or a substantial change <br /> in the location of Billboard 3 without mutual <br />I consent of the parties. <br /> ih ~illeeara'baaasea~tft~~ 3- Billboards 3 and 4. <br /> Seller shall work with the City in determLning the <br />I necessity of landscaping improvements for <br /> Billboards 3 and 4. In addition: <br /> a. Seller ma relocate and or rebuild Billboard <br />I 3 within a radius of ten (10 eet from ita <br /> current base and ma increase the hei ht of <br /> Billboard 3 beyon ita current heiqht by up <br />I to ten (10) additional feet or by such <br /> additional heiqht as is necessary to clear <br /> 11 <br />t' <br />I <br />