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07-01-2019 Council Packet
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07-01-2019 Council Packet
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10/30/2021 1:08:48 PM
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City Council
Council Document Type
Council Packet
Meeting Date
07/01/2019
Council Meeting Type
Work Session Regular
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29 <br />ARTICLE X <br /> <br />Additional Provisions <br /> <br /> <br />Section 10.1. Conflict of Interests; Representatives Not Individually Liable. The Authority <br />and the Developer, to the best of their respective knowledge, represent and agree that no member, <br />official, or employee of the Authority shall have any personal interest, direct or indirect, in the <br />Agreement, nor shall any such member, official, or employee participate in any decision relating to <br />the Agreement that affects his personal interests or the interests of any corporation, partnership, or <br />association in which he, directly or indirectly, is interested. No member, official, or employee of the <br />Authority shall be personally liable to the Developer, or any successor in interest, in the event of any <br />default or breach by the Authority for any amount that may become due to the Developer or <br />successor or on any obligations under the terms of the Agreement. <br /> <br />Section 10.2. Equal Employment Opportunity. The Developer, for itself and its successors <br />and assigns, agrees that during the construction of the Minimum Improvements provided for in the <br />Agreement it will comply with all applicable federal, state and local equal employment and non- <br />discrimination laws and regulations. <br /> <br />Section 10.3. Restrictions on Use. The Developer agrees that, prior to the Maturity Date, <br />the Developer, and such successors and assigns, shall use the Development Property solely for the <br />development of residential rental housing in accordance with the terms of this Agreement, and shall <br />not discriminate upon the basis of race, color, creed, sex or national origin in the sale, lease, or <br />rental or in the use or occupancy of the Development Property or any improvements erected or to be <br />erected thereon, or any part thereof. <br /> <br />Section 10.4. Titles of Articles and Sections. Any titles of the several parts, Articles, and <br />Sections of the Agreement are inserted for convenience of reference only and shall be disregarded in <br />construing or interpreting any of its provisions. <br /> <br /> Section 10.5. Notices and Demands. Except as otherwise expressly provided in this <br />Agreement, a notice, demand, or other communication under the Agreement by either party to the <br />other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, <br />postage prepaid, return receipt requested, or delivered personally, to the following addresses (or to <br />such other addresses as either party may notify the other): <br /> <br />To Developer: Lyngblomsten Senior Housing, Inc. <br /> [Address] <br />Attn: ___________________ <br /> <br /> To Authority: Lino Lakes Economic Development Authority <br />600 Town Center Parkway <br />Lino Lakes, Minnesota 55014 <br />Attn: Executive Director <br />
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