CCP 08-19-2002 - Laserfiche WebLink

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B. City Best Interest Determination. If, at any time, the City determines that it is not in the best interest of the City to obtain the AH Redevelopment Area for any of the following reasons, City can terminate this Interim Agreement in its sole discretion: . 1. A proposal to transfer property in a manner that would expose the City to unacceptable environmental remediation risks. 2. Failure of Developer to propose a land development plan consistent with the Vento Plan for the AH Redevelopment Area and the City's Comprehensive Plan Amendment. 3. Failure of City and Developer to agree to proceed with each step of the proposed planning process, as outlined on Exhibit D attached hereto. C. Default. If Developer fails to perform its obligations under Section 6.0, the City may serve Notice of Default upon the Developer, by certified mail, return receipt requested. The Developer shall have thirty (30) days from the date of the Notice of Default to cure the default or the City may terminate this Interim Agreement. Termination for default pursuant to this section shall not obligate the City to make reimbursements pursuant to Section 6.0.(C). . 9.0 Notice and Correspondence. Any notice required to be given to either party shall be in writing and deemed given if personally delivered upon the other party; or if deposited in the United States mail and sent certified mail, return receipt requested, postage prepaid and addressed to the other party at the address set forth below; or if sent via facsimile transmission during normal business hours to the party to which notice is given at the telephone number listed for fax transmission. A. Developer. Notices to Developer shall be addressed to the parties: I. Bart Rehbein President Glenn Rehbein Companies 8651 Naples Street, N.E. Blaine, Minnesota 55449 2. Kent M. Carlson Vice President of Development Ryan Companies US, Inc. 50 South Tenth Street, Suite 300 . 9