11-09-1998 EDA - Laserfiche WebLink

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• Agreement • This agreement is made between the Fridley Housing Redevelopment Authority(hereinafter the"Fridley HRA") and the Mounds View Economic Development Authority(hereinafter, the "Mounds View EDA") on this day 1998. The City of Mounds View agrees to co-sponsor a multi-community home and garden fair with the cities of Blaine, Fridley and New Brighton. The fair, to be known as the North Metro Home and Garden Fair, will be held at the Mounds View Community Center on February 27, 1999 from 9:00 a.m. to 3:00 p.m. The fair will encompass many aspects of home building or home remodeling, and is intended to serve as a benefit to the residents of the four cities sponsoring the event. The Fridley HRA agrees to act as the fiscal agent responsible for the finances associated with the fair. The Mounds View EDA agrees to pay$2,000 to the Fridley HRA as its share of the costs to be incurred by the Fridley HRA for the planning, advertising and execution of the North Metro Home and Garden Fair. Except for any breach of the representation of the Fridley HRA, any willful misrepresentation of any willful or wanton misconduct of the Fridley HRA, or the negligence or other wrongful act or omission of any officers, agents and employees of the Fridley BRA. The Mounds View EDA agrees to indemnify and hold harmless the Fridley HRA and its officers employees against any claim, demand, suit, action, or other proceedingarisingagents, pursuant to the Agreement resulting from actions or failures of the act by the Fridley HRA or its governing body • members, officers, agents, or employees, provided that the foregoing indemnification shall not be effective for any actions of the Fridley HRA that are not contemplated by this Agreement. The Fridley HRA acknowledges that it is has sole responsibility for paying all amounts due to various parities servicing the North Metro Home and Garden Fair. The Fridley HRA agrees that the$2,000 paid by the Mounds View EDA pursuant to this agreement will be used solely for the purposes of planning, advertising and executing the North Metro Home and Garden Fair. The Fridley HRA further agrees to refund any portion of the$2,000 that is generated through revenues from the North Metro Home and Garden Fair on a pro-rata basis among the participating cities. If no revenues are generated from the North Metro Home and Garden Fair, the Mounds View EDA acknowledges that it will not be refunded any portion of the$2,000 paid to the Fridley HRA. The Fridley HRA acknowledges that the City of Mounds View is entitled to the use of a booth at the North Metro Home and Garden Fair. FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY By: Lawrence R. Commers Its Chair By: William W. Burns Its Executive Director