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#2640/2641 Final Council Approval 10-19-2001
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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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2040 Wayzata Blvd Land Use - Dunbar
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Dunbar Project 2000 - File Cabinet 1
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#2640/2641 Final Council Approval 10-19-2001
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Last modified
8/22/2023 4:55:34 PM
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10/20/2021 12:32:33 PM
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House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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Requirement shall apply only if there is a waiting list for available units. Except for <br /> the Senior Housing Restriction and the Orono Preference Requirement it shall not <br /> discriminate upon the basis of race, color, creed, religion, ancestry, national origin or <br /> sex, affectional preference, disability, marital status or status with regard to public <br /> assistance, in the sale, lease, or rental or in the use or occupancy of the Development <br /> Property or any improvements erected or to be erected thereof thereon, or any part <br /> thereof. <br /> ARTICLE 5 <br /> FINANCING <br /> 5.1 Mortgages. Tenant's interest in this Lease, the Development Property, <br /> the Improvements, or any combination thereof may be encumbered only as provided <br /> by the Financing Documents and the Development Agreement. <br /> 5.2 Notice. If any Holder registers with Landlord its name and address in <br /> writing by registered or certified mail, Landlord shall by registered or certified mail, <br /> return receipt requested, addressed as registered with Landlord, give such Holder a <br /> copy of any notice or other communication with respect to any claim that a default <br /> exists or is about to exist under this Lease and a copy of any notice changing <br /> Landlord's address. Any notice given to a Holder shall be deemed duly served when <br /> personally delivered to an officer of Holder or mailed in accordance with Section 8.1 <br /> of this Lease. <br /> 5.3 Performance. If Tenant fails to make any payment or perform any act <br /> required of Tenant under this Lease, then any Holder may(but shall not be obligated <br /> to) , to the extent permitted under its Mortgage, make such payment or perform such <br /> act with the same effect as if made or performed by Tenant. Entry by a Holder upon <br /> the Development for such purpose or partial performance of the Mortgage shall not <br /> waive or release Tenant from any obligation or default under this Lease except for an <br /> obligation or default fully performed or cured by Holder. <br /> 5.4 New Lease. <br /> (a) If(i)this Lease is rejected or disaffirmed pursuant to bankruptcy <br /> law or other law affecting creditor's rights, (ii) Holder gives <br /> written request to Landlord not later than 30 thirty (30)days after <br /> the effective date of such rejection or disaffirmance, (iii) Holder <br /> pays to Landlord all of Landlord's expenses (including <br /> reasonable attorneys' fees) incidental thereto, and (iv) Holder <br /> pays all Rent accrued as of the date of rejection or <br /> disaffirmance, then Landlord shall execute and deliver a new <br /> lease with Holder or its nominee, purchaser, assignee or <br /> transferee, as the case may be, for the remainder of the Term <br />
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