02-14-2022 Council Packet - Laserfiche WebLink

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Full and Final Settlement Agreement: St. Clair Land Company v. City of Lino Lakes 3. Dismissal of Action with Prejudice. Upon execution of this Agreement, the Parties will execute and file a Stipulation for Dismissal with Prejudice and Order, dismissing the Action with prejudice, on the merits, and without fees or costs to any Party. 4. Non -Admission. The Parties agree nothing in this Agreement is an admission by any Party of any wrongdoing or violation of any law, and nothing in this Agreement shall be so construed by anyone. Each Party denies liability on every Claim that was or could have been asserted by any other Party. 5. Costs and Fees. Each Party shall bear its own respective costs and attorneys' fees. 6. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective agents, servants, employees, officers, directors, principals, affiliated entities, shareholders, successors, insurers and assigns. 7. Entire Agreement and Severability. This Agreement contains the entire agreement regarding the subject matter of the Agreement and was jointly drafted by the Parties. Any ambiguity in this Agreement shall not be construed against any one of the Parties. Any modification or addition to this Agreement must be in writing and signed by each Party. If any part of this Agreement is invalid or cannot be enforced, such part will be deleted or modified so it is enforceable, and the other parts of this Agreement will remain in effect. 8. Choice of Law. The parties agree this Agreement is governed by the laws of the State of Minnesota without regard to conflicts of law principles, and any dispute about any aspect of this Agreement or its terms may be decided only in a court of competent jurisdiction in Minnesota. 9. Parties Represented by Counsel. Each Party was represented by counsel through the negotiations leading to the resolution embodied in this Agreement. Each Party has signed this Agreement as a free and voluntary act. 10. Execution. This Agreement may be signed in counterparts, all of which together shall constitute one Agreement, and copies of signatures delivered electronically or by facsimile shall be deemed the same as original signatures. Page 2 of 3