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Redeveloper Entity; <br />Recnnveyance/r�ssignment: <br />r <br />The Redeveloper anticipates that it wi11 create a Minnesota limited <br />liability company ("LLC") to enter into a Redevelopment Agreement <br />with the City. The �,LC's members wi11 be the entity constructing the <br />housing portion of the Project, the entity constructing the office <br />portion and the entity constructing the commercial portion. The LLC <br />can assign the Redeveloper's obligations to construct the various <br />components of the Project to such members or, subject to the <br />reasonable approval of the City, to third-party developers. <br />Development Costs: Subject to reimbursement as Eligible Costs within the limitations set <br />forth herein, the Redeveloper wi11 pay for a11 environmental <br />remediation, site preparation, public improvement, p1at, plat <br />amendment, PUD and other development costs. <br />Platting: The Redeveloper wi11 re-plat the Redeveloper Property into the lots <br />shown on the Site P1an. Following acquisition of the Private Property <br />by the Redeveloper, the Private Property wi11 be re-platted so as to <br />incorporate it into the Redevelopment Property as shown on the Site <br />P1an. The City wi11 cooperate with the Redeveloper relative to any <br />vacations or other City actions necessary to accomplish the replatting. <br />Redeveloper Public <br />Improvements: <br />Subject to reimbursement as Eligible Costs within the limitations set <br />forth herein, the Redeveloper wi11 construct and pay for the following <br />Public Improvements in accordance with City specifications and <br />subject to approval by the City engineer. The parties wi11 coordinate <br />the installation of the Public Improvements in order to accommodate <br />the timetable for construction of the Minimum Improvements. Upon <br />completion of the Public Improvements in compliance with City <br />specifications and acceptance by the City, the Public Improvements <br />will become public property. <br />� Utility relocation <br />■ Burial of electricity, cable, telephone, natural gas <br />� Sanitary sewer <br />+ Water mains and stubs <br />* City streets (the amount of City contribution to the extent area- <br />wide bene�it is demonstrated wi11 be set forth in the <br />Redevelopment Agreement) <br />+ Traffic lights and sidewalks <br />■ Sto�-m sewers and storm water system elements (ponds, pipes, <br />infiltration system) both on and off site <br />+ Underground utilities <br />� <br />a+i <br />