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Section 5.2. Insurance and Condemnation Provisions in Condominium <br />Declaration. Prior to conveyance of the Redevelopment Property and Minimum <br />Improvements to a condominium association formed under Minnesota law, the <br />Redeveloper shall cause to be included in the condominium association declarations <br />such provisions concerning the obligations of individual association members with <br />respect to insurance requirements and the use of condemnation proceeds as may be <br />acceptable to the City to protect the City's interest in the Redevelopment <br />Property. Similar insurance protecting the interest of the City shall be procured <br />and maintained by the Redeveloper on those units of the Minimum Improvements <br />owned by the Redeveloper prior to the Redeveloper's conveyance of such units. <br />13 <br />