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save and except the Tax Increments (as defined in the Development Agreement), is or shall be a <br /> source of payment of the City's obligations under the TIF Note. <br /> 4. Notices. Any notice required or permitted hereunder shall be in writing and shall <br /> be given when personally delivered to an officer of the Assignee or of the City or when mailed, <br /> certified mail, postage prepaid, to the applicable address: <br /> If to the City: City of Roseville, Minnesota <br /> Roseville City Hall <br /> 2680 Civic Center Drive <br /> Roseville, MN 55113-1815 <br /> Attn: City Manager <br /> If to the Assignee: PFI II, LLC <br /> 60 South Sixth Street, Suite 3900 <br /> Minneapolis, MN 55402 <br /> Attn: John C. Beuerlein <br /> If to the Developer: United Properties Residential, LLC <br /> 3500 American Boulevard West, #200 <br /> Bloomington, MN 55431 <br /> Attn: Alex Hall and Brian Carey <br /> Any party may by proper notice hereunder change its said address. <br /> 5. Binding. This Agreement shall be binding upon and shall inure to the benefit of <br /> the parties hereto and their respective successors and assigns. <br /> 6. Counterparts: Minnesota Law. This Assignment shall be governed by the laws of <br /> the State of Minnesota and may be executed in counterparts, each of which shall constitute an <br /> original thereof. <br /> DRAFTED BY: <br /> Briggs and Morgan, P.A. (MLI) <br /> 2200 First National Bank Building <br /> 2 <br /> 5917229v1 <br />