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CCP 04-26-2004
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CCP 04-26-2004
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<br />. <br /> <br />B. City Best InterestPlllerll1inl\tilln, If,at allY time, the City determines .that <br />it is not in the bell'lintere.st of 01e City to ",btain the AH Reuse Are!] for finy <br />of the folllJwing reasons, City can te;l1ninllte tbis lnlCl'i1l1 Agreement in its <br />:;ole discretion: <br /> <br />i . A proposal to transfer property ill a manner thal would expose the <br />City t.o unacceptable environmental remediation risks. <br /> <br />2. Failure of Devcloper to prop.)se ahltld developrlient plan COllSis!ont <br />with the Ventn Reuse Plan for the AH R.euse Area .and the City's <br />Contl)rehensive Plan Amendment <br /> <br />3. Failure of City and Developer to agree to proceed with ellohstep of <br />tbe pnlposed planning process, as outlined 011 E~hibiU2 atlrlehed <br />hereto. <br /> <br />c <br /> <br />l)efantt lfDeveloper fails to perfl)1:ID its obligations under Section 6,0, the <br />City rrmy serve Notice of Deflltllt upon too Developer, by certified mllil, <br />retul'li receipt requ.ested. [)eveloper "hall have thi.rty (30) da>'S from <br />the date of the N"tice of Default to curetiw default or the City m~lY <br />!C1I:Iluu.ate this lllteriro Agreement. Termil'illtloll for default pursullnt.to this <br />3lileti"n ;;hallnotobllgllte the Cily to make relmbursetnenlS PUrsllltt1t to <br />S$c!.iO!l 6.0.(C). <br /> <br />. <br /> <br />lJ.U :Stltice and Correspondence. Any notice required 10 be given to ellberplltty <br />shnll be in writing a11d deemed given if personally delivered upon the other party: <br />or if dep<.)sited inlh" United Smleli tl1ail and sent certified mail, relUm receipt <br />requested, po&tage prepaid addressed to 1he other party at the address set forth <br />below: or if sent Vill filcsimllc lransmission during normal business hours to the <br />party In which Hotic", lS at the 1,'lcphonc number listed t'or t'ln tmn5lftisSioll. <br /> <br />A. l)eveloPcL Nolices to Devdopcr shall be addreSSed tt, the pa:rt:ies: <br /> <br />1. <br /> <br />Bart Rehbein <br />President <br />Glenn Rehb~ill Companies <br />8(,51 Na]llles Streel. ~.F. <br />maine, Minnesota 55449 <br /> <br />1. <br /> <br />Kellt M. Carlson <br />Vice President of Development <br />Ryall Cornpan.ies US, Inc. <br />50 So"thTcnth Street. S,l ite 3()() <br /> <br />. <br /> <br />\I <br />
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