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5.0. EDSR 06-14-2004
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5.0. EDSR 06-14-2004
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City Government
type
EDSR
date
6/14/2004
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A Frr <br /> EXHIBIT C 1 :/ L Ll <br /> to <br /> Contract for Initial Sale and Development <br /> Price Schedule <br /> , 2004 <br /> 1. The purchase price to the Buyer of the Property shall be $ per square foot, which <br /> price includes all special assessments previously paid or to be paid by Owner for <br /> improvements installed prior to the date hereof. <br /> 2. The purchase price of the Property shall be increased in an amount equal to the amount of <br /> real estate taxes paid by Owner for the Property after the date hereof and during the term of <br /> the attached Contract for Initial Sale and Development. <br /> 3. The purchase price of the Property shall be increased by the amount of special assessments <br /> paid by Owner for public improvements installed after the date hereof. <br /> 4. The purchase price of the Property shall be increased by the amount of any broker fee paid <br /> in accordance with Section 6 of the attached Contract for Initial Sale and Development. <br /> 5. The purchase price of the Property shall be adjusted annually on each anniversary of the <br /> date hereof for inflation by multiplying the amount in Section 1 by a fraction, the numerator <br /> which is a most current consumer price index as of the 1st day of the month next preceding <br /> such anniversary date and the denominator of which is the most current consumer price <br /> index as of the date hereof. "Consumer Price Index" means the consumer price index for all <br /> urban consumers, Minneapolis-St. Paul, Minnesota— Wisconsin prepared by the Bureau of <br /> Labor Statistics of the United States Department of Labor. If that index is discontinued, <br /> consumer price index shall mean a comparable index prepared by governmental agency or <br /> by a responsible financial periodical of recognized authority, as selected by the EDA. <br /> I <br /> 1643057v3 C-1 <br />
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