02/27/2006 Council Packet - Laserfiche WebLink

Home Search

• • their discretion, choose to assign a portion of the Priority Hours that CYHA has under Section 3.2(c) to the new association. 5.3 Recognition for the Centennial Cities. The Centennial Cities shall receive recognition in 2 locations; on the exterior of the building and inside the entrance to the building. 5.4 Centennial City Payments. The Centennial Cities have set a goal to contribute the sum of $100,000 towards the construction of the Facility. Any payments made pursuant to this pledge shall be paid directly to the NSCF Construction Fund and CYHA shall receive a credit for such payments. a. The city of Lino Lakes shall make a capital contribution to the project of $72,000 as per the following payment Schedule. January 15, 2007 $24,000, January 15, 2008, $24,000 and January 15, 2009, $24,000. SECTION 6 rDE 'AULT/REMEDIES``;rte SECTION 7 MISCELLANEOUS TERMS 7.1 Observance of Laws. NSCF and MASC will observe all applicable laws, regulations, ordinances and orders of the United States, the State of Minnesota and agencies and political subdivisions thereof and each department or agency thereof, applicable to Facility. NSCF and MASC shall have the right to contest by appropriate procedures the adoption, validity or applicability of any laws, regulations, ordinances and orders referred to in this Section and to delay compliance therewith, without violating the provisions of this Section, if the procedures taken by NSCF or MASC to contest the validity or applicability of any such law, regulation, ordinance or order are appropriate and have the effect of staying the finality and enforceability thereof against NSC or MASC. 7.2 Amendments. This Agreement may not be amended, changed, modified, altered or terminated without the prior written consent of the NSCF, MASC and the City of Lino Lakes. 7.3 Waiver and Cumulative Rights. No waiver of any breach of this Agreement by a party shall be considered to be a waiver of any other subsequent breach, and no right or remedy herein conferred upon or reserved under this Agreement is intended to be exclusive of any other right or remedy. 7.4 Governing Law. This Agreement shall be governed and interpreted under the laws of the State of Minnesota. Draft 02/22/2006 4 — 3S+ —