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05-24-1999 Council Packet
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05-24-1999 Council Packet
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simple absolute title to Lot 1# Block 2» and Lots 1 and <br />2, Block 1, of the Plat on or prior to the eleventh <br />(11th) anniversary date of the day and year first above <br />written and to make a request for combination pursuant to <br />Section 2.5; or (b) the Developer or the Thies and <br />Phillips or their heirs, representatives or assigns. <br />Develops, as such term is hereinafter specifically <br />defined, all or portions of the Property within such <br />eleven (ll)-year period. The terms and conditions of <br />this Section 2.1 shall control and the location of said <br />Outlot A, as shown on the Plat, shall not be changed or <br />otherwise affected notwithstanding any future development <br />of the land located east of the Property. The Developer <br />shall not be obligated to change or otherwise affect the <br />location of said Outlot A or to construct or install any <br />Improvements, except upon the occurrence of the <br />contingencies set forth in Section 2.1(a) or (b). <br />notwithstanding any request or demand by any developer <br />of, or person having a legal or equitable interest in. <br />the land located east of the Property. <br />2.2 Without limiting the sufficiency of any other <br />evidence that Developer shall have acquired fee simple <br />absolute title to Lot 1, Block 2, and Lots 1 and 2, Block <br />1, of the Plat, the Developer's recording of a deed(s) to <br />such Lots from the Thies and Phillips or their heirs. <br />representatives or assigns, as grantor, to the Developer, <br />as grantee, shall be conclusive evidence that the <br />Page A of 16
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