6A, Arden Village Development - Laserfiche WebLink

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7, Arden Village sl�al� install an add�tional five �rees between Co��ty Ra�d F and t�e Arden Vi�lage Projec�t. b.� Contin�encies. �ity approv�ls of the ��-den �illage App�i�aiio� and publicatio� �f the Rezor�ing are s�b�ect to N�etropolitan �ouncil a�proval of t�� Comprehensive �'lan Amendment, conveyanc� of the Propert� to Arden Village, rec�rding of the Fi�al �lat, and execut�on o� the De�elopment Agreemer�t o� or ��fore �arc� 22, 20�0. 7.0 �aiver of Minnesota C�a�ter 15.99. Arden V�llag� acknov�ledges that the Ard�n �illage Pro�ect requires financ�ng, Metropolitan Council� a�d Cit� approvals in ord�� to proce�d. It wi�l �ake r�ore t�an 120 days to acquir� ai1 �f t�e appro�als� �or�se�uently Arden Vill�age v�ai�es the a�pl�cation of the provisions of Mir�r��sota Statute 15.99 to the City's review o� t�e Ard�n �illage Ap}��icatifln and �rder� ��ll��e p ro� ect. 8.0 Re�ationshi� of Parties. No partnership or joi�t ventures es�ab�ished �etvv��n the parties hereto by or under th�s Agreement or any agreement referenced �erein. 9�fl Successors and Assi�ns. �'his Agreer�ent shall �e binding upon and inu�e to �� benefit of the parties and their respected successors �nd assigns, inclu�ling with��t lim�tation, any and all fuiure and pres�nt owners, tenants, occupants, i�censee, rnor�gagee and ar�y other �arties with any interest in the Reiling Property or ir� t�e plats of Lots 1 and 2, Block 1, Arden Vi�lage. 10,0 Lim�tation of Liabilitv. Not withstar�ding in th�s Agree�nent to �he contrar�r, the liability of Arden Village s�al� be limited to its ownership of L�ts 1 and Z, �lo�k 1, Arden Village and the d�veloprr�ent of th� Arden Village Project. �Jpon sale or conveyance of any portlon of Lots 1 and 2, ��ock 1, Arden Village, t�e transferee shall be liable for ai� ob�igatio�s of Arden Vi�lage v�hich reiate to Lots 1 and 2, B�ock 1, �rden Village and the transf�ror shall be released from further obligati��, liabillty, r�ght or responsibi�i�y in respect to such transfer, provided t�at th� C�ty consents to t�e trans�er, w�ich consent shali not be unreasonabl� withheld, ar�d further provided t�at al� financiai sureties remain full forc� and effect. lviore�ve�� r�othing �erein shall be c�nstrued to creaze a cause of a�tion or� behalf of the Cifi.y against Arden �i�lage wi�h respect to its business operatior�s be�ron� t�e obligati�ns set forth he�ein relat�ng to t�e l�rde� Viliage Pro�ect. 11,0 Recording of Docum�nt, This Agreement shall run with the Property and s�a�l b� recorded ir� the office af the Ra�nsey Co�nty Recorder or Registrar of �'itles vv�t� p�oof ther�of shown �o the Cit� prior to the issuance of any permits fo� the Arde� tii�lage Project. 12.0 Governin�, Law. The Ciiy and Arden Village agre� that the �a�vs of t�e Stat� of Minnesota sha�l govern all questions and interpretations concer�ing the val�dity and construction of this Agreen�ent and the legal relations between �he unders��r��d �arties and performance u�der it without regard to prin�cipa�s of con�l�cts �� l�w� �