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10-28-2019 Council Packet
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10-28-2019 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
10/28/2019
Council Meeting Type
Regular
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<br /> 28 <br />delay on the part of the Public Entity, the Council, or the Commissioner of MMB, as a third party <br />beneficiary of this Agreement, in exercising any right or remedy hereunder shall operate as a <br />waiver thereof, nor shall any single or partial exercise of any right or remedy preclude other or <br />further exercise thereof or the exercise of any other right or remedy. <br /> <br />Section 7.18 Entire Agreement. This Agreement, the Declaration, and the documents, <br />if any, referred to and incorporated herein by reference embody the entire agreement between the <br />Public Entity and the Council, and there are no other agreements, either oral or written, between <br />the Public Entity and the Council on the subject matter hereof. <br /> <br />Section 7.19 Choice of Law and Venue. All matters relating to the validity, <br />construction, performance, or enforcement of this Agreement or the Declaration shall be <br />determined in accordance with the laws of the State of Minnesota. All legal actions initiated <br />with respect to or arising from any provision contained in this Agreement shall be initiated, filed <br />and venued in the State of Minnesota District Court located in the City of St. Paul, County of <br />Ramsey, State of Minnesota. <br /> <br />Section 7.20 Severability. If any provision of this Agreement is finally judged by any <br />court to be invalid, then the remaining provisions shall remain in full force and effect and they <br />shall be interpreted, performed, and enforced as if the invalid provision did not appear herein. <br /> <br />Section 7.21 Time of Essence. Time is of the essence with respect to all of the matters <br />contained in this Agreement. <br /> <br />Section 7.22 Counterparts. This Agreement may be executed in any number of <br />counterparts, each of which when so executed and delivered shall be an original, but such <br />counterparts shall together constitute one and the same instrument. <br /> <br />Section 7.23 Matching Funds. The Public Entity must obtain and supply the following <br />matching funds, if any, for the Project: <br /> <br />NONE <br /> <br />Any matching funds which are intended to meet the above requirements must either be in the <br />form of (i) cash monies, (ii) legally binding commitments for money, or (iii) equivalent funds or <br />contributions, including equity, which have been or will be used to pay for the Project. The <br />Public Entity shall supply to the Commissioner of MMB whatever documentation the <br />Commissioner of MMB may request to substantiate the availability and source of any matching <br />funds, and the source and terms relating to all matching funds must be consented to, in writing, <br />by the Commissioner of MMB. <br /> <br />Section 7.24 Source and Use of Funds. The Public Entity represents to the Council and <br />the Commissioner of MMB that Attachment III is intended to be and is a source and use of <br />funds statement showing the total cost of the Project and all of the funds that are available for the <br />completion of the Project, and that the information contained in such Attachment III correctly <br />and accurately delineates the following information. <br />
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