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381190v4 MU210-179 <br />4 <br /> 7. Insurance. During the term of this Agreement, the Permitee shall procure and <br />keep in force occurrence-based commercial general liability insurance, providing coverage for <br />bodily injury, personal property damage, personal injury and contractual liability, on terms and <br />with companies acceptable to the City. Such policy shall have combined policy limits in <br />amounts not less than $1,500,000.00. The policy must name the City as an additional insured. <br />The policy must be effective upon the effective date of this Agreement and provide for 60 days’ <br />notice to the City in the event of cancellation, non-renewal or modification of the policy (ten (10) <br />days for non-payment of premium). <br /> <br />8. Term and Termination. This Agreement shall be effective upon the date above <br />written and shall continue until terminated by either party as set forth in this Agreement. The <br />City or the Permitee may terminate this Agreement at any time for any reason, or for no reason <br />at all, by providing 60 days’ written notice to the other party. Upon termination of this <br />Agreement by either party, the Permitee shall immediately vacate the Parking Areas and the City <br />may remove any of the improvements within the Parking Areas. <br /> <br />9. Legal Fees. The City is entitled to recover its reasonable attorneys’ fees and <br />costs incurred in enforcing the terms of this Agreement. <br /> <br />10. Notice. Any notice, demand, or other communication under this Agreement by <br />either party to the other shall be sufficiently given or delivered if it is dispatched by registered or <br />certified mail, postage prepaid, return receipt requested, or delivered personally; and <br /> <br />(i) in the case of the Permitee: Mounds View Estates <br /> 2536 Marshall Street NE <br /> Minneapolis, MN 55418-3329 <br /> Attn: ____________________ <br /> <br />(ii) in the case of the City: City of Mounds View <br /> 2401 Highway 10 <br /> Mounds View, MN 55112 <br /> Attn: City Administrator <br /> <br />or at such other address with respect to either such party as that party may, from time to time, <br />designate in writing and forward to the other as provided in this paragraph. <br /> <br />11. Recording. The City may record this Agreement and any amendments thereto in <br />the office of the Ramsey County Recorder or Registrar of Titles, as may be applicable, at the <br />Permitee’s expense. <br /> <br />12. Entire Agreement; Modification. This Agreement constitutes the entire agreement <br />between the parties and supersedes any other written or oral agreements between the parties relating <br />to the Parking Area. Any modification of this Agreement or additional obligation assumed by <br />any party in connection with this Agreement shall be binding only if evidenced in writing signed <br />by the parties to be affected by said modification or additional obligation. <br /> <br />13. Assignment. The Permitee shall not assign any rights under this Agreement <br />except with the prior, express, and written consent of the City.