Recital No. 1. HEDRA was created pursuant to Minn. Stat. §§469.090 to 469.1082, and was authorized to transact business and exercise its powers by a resolution of the City Council of the City of Hastings (“City”).
Recital No. 5. HEDRA believes that the sale and development of the Property pursuant to this Agreement and the fulfillment generally of this Agreement are in the vital and best interests of the City and the health, safety, and welfare of its residents.
Recital No. 5 In order for the City Project to proceed, it is necessary to construct the Collector Street Improvements and the Utility Project as identified in the studies defined above. RECITAL NO. 6 The construction of the Collector Street Improvements will provide significant financial benefit to, and enhanced development potential for, the Property which benefits exceed the amount of the proposed assessment. RECITAL NO. 7 The City and the Owners wish to enter into an agreement defining the terms and conditions under which the City will assess certain costs of the construction of the Collector Street Improvements, but not the Utility Project, against the Property.
Recital No. 8 The City and the Owner wish to enter into an agreement defining the terms and conditions under which the City will assess certain costs of the construction of the Collector Street Improvements, but not the Utility Project, against the Property.
Recital No. 1. Developer intends to construct a two-story, one-family dwelling (the “Project”) on the property located at 3702 222nd Street, NE, in Washington, D.C. (the “Property”). As part of this Project, Developer has applied for side yard variance relief from the D.C. Board of Zoning Adjustment (“BZA”), in Application # 19386 (the “BZA Application”).
Recital No. 1: Seller and Purchaser have entered into a certain Real Estate Purchase and Sale Agreement (“Purchase and Sale Agreement”) concerning real property located in Holmes, Jackson, Wxxxxx and Washington Counties, State of Florida; and Geneva County, Alabama, pursuant to that Purchase and Sale Agreement dated March 18, 2005. Recital No. 2: Seller and Purchaser have requested Sxxxxxx Title Guaranty Company to receive funds to be held in escrow and applied in accordance with the terms and conditions of this Escrow Agreement.
Recital No. 3: Escrow Holder has been handed a copy of the Purchase and Sale Agreement or such other documents and any Addendums, as constitute the Agreement to sell and purchase this property. Acting in accordance therewith, Escrow Holder is directed to close the transaction, and shall perform said closing in accordance with the following instructions.
Recital No. 4: In the event there is a variance between the terms of the Purchase and Sale Agreement and the final terms of the sale as evidenced by the documents delivered under these or other instructions, and the closing statements agreed to by the parties, closing shall be in accordance with such documents, instructions and closing statements. All principals to this escrow acknowledge and agree that all terms and conditions of that certain Purchase and Sale Agreement and all Addendums thereto, have been met, waived, or satisfied, or will be resolved outside of escrow and Escrow Holder shall not be responsible for same, and they are no longer to be considered as conditions to this closing.
Recital No. 2. HEDRA is the owner of certain vacant real property located in Hastings, Dakota County, Minnesota, legally described on Exhibit A (the “Property”).
Recital No. 3. HEDRA will sell the Property to Developer on the terms and conditions of this Agreement.
