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CC PACKET 06122012
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CC PACKET 06122012
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76 <br />Section 14.9 Relationship of Parties. Nothing in this Agreement is intended, or shall <br />be construed, to create a partnership or joint venture among or between the parties hereto, and <br />the rights and remedies of the parties hereto shall be strictly as set forth in this Agreement. <br />Section 14.10 Term. The term of this Agreement shall be effective from date of this <br />Agreement until the earlier of (a) the date this Agreement is terminated by either party in <br />accordance with the terms of this Agreement, (b) that on which the TIP Note is paid in full, or (c) <br />the date of termination of the TIP District. <br />Section 14.11 Mediation. All claims, disputes or other matters in question between the <br />parties to this Agreement arising out of or relating to this Agreement or breach thereof, shall be <br />referred to non-binding mediation before, and as a condition precedent to, the initiation of any <br />legal action hereof, provided for herein. Each party agrees to participate in up to four hours of <br />mediation. The mediator shall be selected by the parties, or if the parties are unable to agree on a <br />mediator then any party can request the administrator of the Ramsey County District Court Civil <br />ADR Program and/or similar person, to select a person from its list of qualified neutrals. The <br />mediation shall be attended by employees or agents or each party having authority to settle the <br />dispute. All expenses related to the mediation shall be borne by each party, including without <br />limitation, the costs of any experts or legal counsel. All applicable statutes of limitations and all <br />defense based on the passage of time are tolled while the mediation procedures are pending, and <br />for a period of 30 days thereafter. <br />Section 14.12 Venue. All matters, whether sounding in tort or in contract, relating to the <br />validity, construction, performance, or enforcement of this Agreement shall be controlled by and <br />determined in accordance with the laws of the State of Minnesota, and the Developer agrees that <br />all legal actions initiated by the Developer or Authority with respect to or arising from any <br />provision contained in this Agreement shall be initiated, filed and venued exclusively in the State <br />of Minnesota, Ramsey County, District Court and shall not be removed therefrom to any other <br />federal or state court. <br />Section 14.13 Provisions Surviving Rescission or Expiration. Sections 8.2 and 12.3 <br />shall survive any rescission, termination or expiration of this Agreement with respect to or <br />arising out of any event, occurrence or circumstance existing prior to the date thereof. <br />Section 14.14 Memorandum of Agreement. Neither party shall cause this Agreement <br />to be recorded or filed in the real estate records of the County. However, either party may, at its <br />option, cause a Memorandum of Agreement to be recorded or filed in the form attached as <br />Exhibit I. At the time of execution of this Agreement the parties will also execute and <br />acknowledge the Memorandum of Agreement. The parties acknowledge that as of the date of <br />this Agreement, the Developer is not the fee owner of the Development Property. At such time <br />as the Developer owns fee title to all or any portion of the Development Property, either party <br />may, at its option, cause the Memorandum of Agreement to be recorded against the Development <br />Property and shall record the Memorandum of Agreement with the County. <br />32 <br />
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