Agenda Packets - 1999/01/04 - Laserfiche WebLink

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BRIGGS&MORGAN Fax:6512236645 Dec 11 '98 17:05 P.33 With a copy to: (b) in the case of the City, is addressed to or delivered personally to the City at : City of Mounds View 2401 Highway 10 Mounds view, Minnesota 55172-1499 Attn: City Administrator (c) in the case of the holder of the First Mortgage, is addressed or delivered personally to the address supplied; or at such other address with respect to any such party as that party may, from time to time, designate in writing and forward to the other, as provided in this Section. Section 11 .5 . Counterparts. This Agreement may be executed , in any number of counterparts, each of which shall constitute one and the same instrument. Section 11. 6. Modification. If the Developer is requested by the holder of a Mortgage or by a prospective holder of a prospective Mortgage to amend or supplement this Agreement in any manner whatsoever, the City will, in good faith, consider the request with a view to granting the same unless the City, in their reasonable judgment, conclude that such modification is not in the public interest, or will significantly and undesirably weaken the financial security provided to the interests of the City by the terms and provisions of this Agreement . Section 11. 7. Law Governing. This Agreement will be governed and construed in accordance with the laws of the State. Section 11. 8 . Legal Opinions. Upon execution of this Agreement the Developer shall deliver an opinion of counsel to the Developer in the form attached hereto as Exhibit E. Section 11 . 9 . Jobs Act. In order to satisfy the provision of Minnesota Statutes, Section 116J.991 (the "Jobs Act" ) , the Developer agrees to satisfy certain minimum wage and employment goals by causing to be created within two years from the date of this Agreement at least —30 full time equivalent jobs at the Project in connection with the operation thereof at an average 965316.Red va to vi: i2/i1/* 29