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<br />:" . <br /> <br />lor~b-1'g <br /> <br />CITY OF ROSEVILLE HOUSING REPLACEMENT PROGRAM <br />PARTICIPATION AGREEMENT <br /> <br />~ 0 t--# fJe.r <br />This Agreement is made and entered into this .,;(~ day of . 1998, by and between the <br />City of Roseville, a municipal corporation under the laws of the State of Minnesota, having its.. A <br />principal office at 2660 Civic Center Drive, Roseville, MN 55113 (City) and ",or~re&P'L!b-/I~-eIJ" <br />~ L. . a Minnesota t?~ i P IJr~c '" . having its principal office at _ <br />i 7 J"3. os /Jln~~ If,f/ . (Developer) <br />>,Pr,l'!} ?RKe ~.l/;'HJ1 ~] ~ . <br />In consideration of the mutual covenants and obligations of the City and the Developer, the parties do <br />hereby covenant and agree as follows: <br /> <br />1. The Developer agrees to pay $500 to the City for the rights to participate in redevelopment of a <br />property owned by the City in accordance with the guidelines of the Roseville Housing <br />Replacement Program. <br /> <br />2. The $500 payment, the receipt of which fTom the Developer is hereby acknowledged by the City, <br />is consideration for City expenses and the granting to the Developer the right to negotiate with the <br />City until the Expiration Date (defmed below) in an attempt to enter into a Purchase and .s.,t. <br />Redevelopment Agreement to redevelop the property located at ill q tJ ~ f C 1'61 X- and <br />legally described as 70 IJ ~ ..&~/I1,'.n~ <br /> <br />in accordance with the City ofRoseville Housing Replacement Program. This negotiation right <br />will expire on, fY. c...-- :2. (p 19 9 (' ("Expiration Date"). <br /> <br />3. The City agrees to negotiate with the Developer until the Expiration Date regarding the <br />redevelopment of the property but nothing contained in this Agreement shall require the City to <br />enter into a Purchase and Redevelopment Agreement if, at the City's sole discretion, it deems such <br />not to be in its best interests. <br /> <br />The fee paid by the Developer to the City in connection with this Agreement for participation in the <br />City ofRoseville Housing Replacement Program is non-refundable and non-transferable to any other <br />property or site owned by the City. However, if a Purchase and Redevelopment Agreement is <br />executed by the City and the Developer, the $500.00 payment made herein shall be applied as a credit <br />against the purchase price upon closing. <br /> <br />DEVELOPER <br /> <br />By: (W~fh1C){~ <br />'''~f. ~n,.~l ~ 1"1\, ~'- <br /> <br />CITY OF ROSEVILLE <br /> <br />By: <br /> <br />Its Mayor <br /> <br />Its: <br /> <br />By: <br /> <br />Its Manager <br />