7.0. EDSR 05-11-1998 - Laserfiche WebLink

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Sent by: DRB MINNEAPOLIS 6123405584; 05/07/98 12:55; Air= #801 ;Page 13/39 • (c) Use of the Minimum Improvements shall at all times comply with Section 3.5(f) of this Agreement. (d) Developer shall discontinue all activities associated with trucking on the Current Site, including storage of trucks, trailers, containers or any other trucking related storage on or before January 1, 1999. (e) Developer shall discontinue all secondary business uses on the Current Site which are inconsistent with the City's zoning ordinance, including wood sales, recycling activities and all other uses which do not conform to the zoning ordinance, on or before January ], 1999. (f) All use of the Current Site on or after January 1, 1999 shall be in conformance with the City's Comprehensive Plan and zoning ordinance, including any use of the Current Site by Developer, any related entity to Developer or any tenant of Developer, with the exception that warehousing and storage inside the existing buildings shall be allowed until those buildings are removed. No outside storage of any goods, equipment or vehicles shall be allowed at any time after January 1, 1999. (g) Developer shall submit for approval by Authority, within thirty (30) days of the execution of this Agreement, a Landscape Plan for the Current Site. No monies will be delivered to • Developer for reimbursement of Public Development Costs until this plan is received and approved by Authority. All landscaping improvements to the Current Site shall be completed, in accordance with the approved Landscape Plan, on or before June 1, 1999, (h) On or before June 1, 1999 Developer shall identify and clean up, to the satisfaction of the Minnesota Pollution Control Agency(MPCA) and the City Building and Zoning Administrator, any environmental contamination of the Current Site. (i) Developer shall complete demolition and removal of all existing buildings on the Current Site on or before June 1, 2002. All use of the Current Site following demolition and removal of the existing buildings shall be in conformance with the City's then applicable Comprehensive Plan and Zoning Ordinance, (j) Developer shall not sell the Current Site until all existing buildings on the Current Site have been removed and any environmental contamination of the Current Site has been cleaned up to the satisfaction of the MPCA and the City Building and Zoning Administrator. Section 3.6 Enforcemen of Conditions Subseent. Developer's compliance with the conditions subsequent set forth in Section 3.5 is the primary purpose for and consideration from the Developer for the Authority's making tax increment financing assistance available for relocation of Developer's business. Failure of Developer to comply with any of the conditions subsequent shall t be an event of default pursuant to Article IX of this Agreement, entitling Authority to exercise any of its remedies under Article 1X for a default, including the right to bring an action against Developer, Beck?548664.2 8