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09/01/00 14:13 FAX LC8500 al 009 <br /> • <br /> .q4''' . <br /> All of the covenants, warranties, and pr�;se of this <br /> 14. Survive Clos�na., of this <br /> Purchase Agreement shall survive and be enforceable after the g <br /> transaction. <br /> 15. Complete Agreement. This is a final agreement between the parties and <br /> contains their entire agreement and supersedes <br /> all <br /> er of this Purchase Ag eunderstandings <br /> ementand <br /> agreements, oral or written, relative to the subject matt <br /> 16. Time of the Essence. Time is of the essence in the performance of this <br /> Purchase Agreement. <br /> 17. Controlling Law. This Purchase Agreement has been made and entered <br /> into under the laws of the State of Minnesota, and said laws shall control the <br /> interpretation hereof. <br /> 18. Captions. The paragraph headings or captions t appearing <br /> of this Purchase <br /> s <br /> Purchase Agreement are for convenience only, are not a pa <br /> Agreement, and are not to be considered in interpreting this Purchase Agreement. <br /> 19. Binding Effect. This Purchase Agreement shall be binding upon and <br /> • enforceable against each of the parties hereto when and only if executed by the party <br /> against whom enforcement of this Purchase Agreement is sought. <br /> IN WITNESS WHEREOF, the parties have executed this Purchase Agreement <br /> on the date first above written. <br /> Seller: <br /> ECONOMIC DEVELOPMENT AUTHORITY IN <br /> AND FOR THE CITY OF ELK RIVER <br /> B --- /..;"1-1 _ ,/ 'l <br /> Catherine Mehelich <br /> Its Exec ' e Director <br /> Ceihl-b- &"\ -- . <br /> By <br /> • Patrick H. Dwyer <br /> Its President <br /> Buyer: <br /> • RIVERS CROSSING, INC. <br /> -7- <br />