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Resolution 9521
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Resolution 9521
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Last modified
3/3/2025 9:01:01 AM
Creation date
12/14/2021 11:01:32 AM
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MV City Council
City Council Document Type
Resolutions
Date
12/13/2021
Resolution/Ordinance Number
9521
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DocuSign Envelope ID: 780134F8-C48E-4D4D-A5BA-5BA2026EB7EB <br />Settlement Participation roan <br />Governmental Entity: Mounds View city State: MN <br />Authorized Signatory: Nyl a zi kmund <br />Address 1: 2401 Mounds view Boulevard <br />Address 2: <br />City, State, Zip: Mounds view Minnesota 55112-1499 <br />Phone: 612-860-7442 <br />Email: nyle.zikmund@moundsviewmn.org <br />The governmental entity identified above ("Governmental Entity"), in order to obtain and in <br />consideration for the benefits provided to the Governmental Entity pursuant to the Settlement <br />Agreement dated July 21, 2021 ("Distributor Settlement"), and acting through the <br />undersigned authorized official, hereby elects to participate in the Distributor Settlement, <br />release all Released Claims against all Released Entities, and agrees as follows. <br />1. The Governmental Entity is aware of and has reviewed the Distributor Settlement, <br />understands that all terms in this Election and Release have the meanings defined <br />therein, and agrees that by this Election, the Governmental Entity elects to participate in <br />the Distributor Settlement and become a Participating Subdivision as provided therein. <br />2. The Governmental Entity shall, within 14 days of the Reference Date and prior to the <br />filing of the Consent Judgment, dismiss with prejudice any Released Claims that it has <br />filed. <br />3. The Governmental Entity agrees to the terms of the Distributor Settlement <br />pertaining to Subdivisions as defined therein. <br />4. By agreeing to the terms of the Distributor Settlement and becoming a Releasor, the <br />Governmental Entity is entitled to the benefits provided therein, including, if applicable, <br />monetary payments beginning after the Effective Date. <br />5. The Governmental Entity agrees to use any monies it receives through the <br />Distributor Settlement solely for the purposes provided therein. <br />6. The Governmental Entity submits to the jurisdiction of the court in the Governmental <br />Entity's state where the Consent Judgment is filed for purposes limited to that court's role <br />as provided in, and for resolving disputes to the extent provided in, the Distributor <br />Settlement. <br />7. The Governmental Entity has the right to enforce the Distributor Settlement as <br />provided therein. <br />
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