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Agenda - Council - 06/26/2012
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Agenda - Council - 06/26/2012
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/26/2012
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R. It shall furnish such satisfactory evidence regarding the representations and warranties <br />described herein as may be required and requested by either the DNR or the Commissioner of <br />MMB. <br />Section 2.05 Events of Default. The following events shall, unless waived in writing by the DNR <br />and the Commissioner of MMB, constitute an Event of Default under this Agreement upon either the <br />DNR or the Commissioner of MMB giving the Public Entity 30 days written notice of such event and the <br />Public Entity's failure to cure such event during such 30 day time period for those Events of Default that <br />can be cured within 30 days or within whatever time period is needed to cure those Events of Default that <br />cannot be cured within 30 days as long as the Public Entity is using its best efforts to cure and is making <br />reasonable progress in curing such Events of Default, however, in no event shall the time period to cure <br />any Event of Default exceed 6 months unless otherwise consented to, in writing, by the DNR and the <br />Commissioner of MMB. <br />A. If any representation, covenant, or warranty made by the Public Entity in this <br />Agreement, in any other document furnished pursuant to this Agreement, or in order to induce the <br />DNR to disburse any of the Program Grant, shall prove to have been untrue or incorrect in any <br />material respect or materially misleading as of the time such representation, covenant, or warranty <br />was made. <br />B. If the Public Entity fails to fully comply with any provision, condition, covenant, or <br />warranty contained in this Agreement, the Certification and/or the Declaration, or any other <br />document referred to herein. <br />C. If the Public Entity fails to fully comply with any provision, condition, covenant, or <br />warranty in Minn. Stat. Sec. 16A.695, the Commissioner's Order, or the State Program Enabling <br />Legislation. <br />D. If the Public Entity fails to provide and expend the full amount of the matching funds <br />required for the Project, if any, under Section 6.20. <br />E. If the Public Entity fails to deliver the Certification and/or record and deliver the <br />Declaration described in Section 2.04.Q. <br />Notwithstanding the foregoing, any of the events set forth above that cannot be cured shall, unless <br />waived in writing by the DNR and the Commissioner of MMB, constitute an Event of Default under this <br />Agreement immediately upon either the DNR or the Commissioner of MMB giving the Public Entity <br />written notice of such event. <br />Section 2.06 Remedies. Upon the occurrence of an Event of Default and at any time thereafter <br />until such Event of Default is cured to the satisfaction of the DNR, the DNR or the Commissioner of <br />MMB may enforce any or all of the following remedies. <br />A. The DNR may refrain from disbursing the Program Grant; provided, however, the <br />DNR may make such disbursements after the occurrence of an Event of Default without thereby <br />waiving its rights and remedies hereunder. <br />B. If the Event of Default involves a failure to comply with any of the provisions <br />contained herein other then the provisions contained in Sections 4.01 or 4.02, then the <br />Commissioner of MMB, as a third party beneficiary of this Agreement, may demand that the <br />5 <br />
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