8.2. SR 10-02-2017 - Laserfiche WebLink

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officer of the party to which notice is being given, or when deposited in the United States mail in a sealed envelope, with registered or certified mail postage prepaid thereon, addressed to the parties at the following addresses; To the City: City Administrator City of Elk River 13065 Orono Parkway Elk River, MN 55330 To Grantee: _______________________________ _______________________________ _______________________________ Such addresses may be changed by any party upon notice to the other party given as herein provided. 8. The terms and provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and shall run with the title to the Property and be binding upon all present and future owners of the Property. This Agreement shall be recorded against the title to the property. If, for any reason, the provisions hereof should be determined by the legal counsel for the City, or by a court of competent jurisdiction, not to be binding upon and fully enforceable against any owner of the Property, then the deferment granted by the City shall wholly cease and terminate and the Property shall be used and useable only in full compliance with all then applicable ordinances of the City. If there be at any future time more than one owner, which is currently Elk River Lodge and Residential Suites, LLC, of the Property, all of such then owners, while they are such owners, shall be jointly and severally liable for all obligations under this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed the day and year first above written. Elk River Lodge and Residential Suites, LLC___________________________________ By: Its CITY OF ELK RIVER By: Its Mayor And: Its City Clerk 4