Term SheetJune 16th, 2020
FiledJune 16th, 2020This Term Sheet by and between the West St. Paul Leased Housing Associates I, LLP (the “Developer”) and the West St. Paul Economic Development Authority (the “EDA”) is intended to set forth the general terms upon which the parties hereto are willing to enter into a Development Agreement. This Term Sheet shall not be deemed conclusive or legally binding upon either party and neither party shall have any obligations regarding the property defined below unless and until a definitive TIF and Development Agreements are approved by the EDA and executed by both parties.