Agenda Packets - 2014/02/24 - Laserfiche WebLink

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2. Release. City represents that all work required to repair the sanitary sewer line associated wi'dn the February 2013 incident is completed, with the exception of the placement of new pavement on County Road l as required by the County in response to the damage caused by the sewer repair work. in consideration of Pleasant Lake's payment referred to in paragraph I above, City agrees to release Pleasant Lake from any nu-ther payment for the sewer repair work completed in February 2013 that was performed on the Property andnithe right-of-way of County Road I adjacent to the Property, and for the placement of new pavement on County Road I as required by the County. Said release shall only apply to costs incurred to complete the repairs for the February 2013 incident and to place the required new pavement on County Road I made necessary by the February 2013 sewer repair work. 3. Assessment. In consideration of Pleasant Lake's payment referred to in paragraph 1 above, City agrees not to impose a special assessment against the Property for costs specifically associated with the February 2013 sewer repairs. 4. Governing Law. This Agreement shall be construed in accordance with the laws of tine State of Minnesota. 5. Counterparts. This Agreement maybe executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document. 6. Recitals. The recitals set forth above are incorporated herein by reference as if fully set forth herein. IN WITNESS WHEREOF, the parties have executed this Agreement below. CITY OF MOUNDS VIEW Joe Flaherty Mayor Dated: February 24, 2014. Jaynes Ericson City Administrator Dated: February 24, 2014. PLEASANT LAKE PROPERTIES, LLC Rajiv Garg President Dated: February 24, 2014.