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Agenda - Economic Development Authority - 06/13/2019
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Agenda - Economic Development Authority - 06/13/2019
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3/17/2025 2:21:39 PM
Creation date
6/7/2019 11:47:35 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/13/2019
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ARTICLE VI <br />ADDITIONAL PROVISIONS <br />Section 6.1. Restrictions on Use. Until termination of this Agreement, the Developer <br />agrees for itself, its successors and assigns and every successor in interest to the Development <br />Property, or any part thereof, that the Developer and such successors and assigns shall operate, or <br />cause to be operated, the Project as a manufacturing facility and shall devote the Development <br />Property to, and in accordance with, the uses specified in this Agreement. <br />Section 6.2. Conflicts of Interest. No member of the governing body or other official <br />of the City shall have any financial interest, direct or indirect, in this Agreement, the <br />Development Property or the Project, or any contract, agreement or other transaction <br />contemplated to occur or be undertaken thereunder or with respect thereto, nor shall any such <br />member of the governing body or other official participate in any decision relating to the <br />Agreement which affects his or her personal interests or the interests of any corporation, <br />partnership or association in which he or she is directly or indirectly interested. No member, <br />official or employee of the City shall be personally liable to the City in the event of any default <br />or breach by the Developer or successor or on any obligations under the terms of this Agreement. <br />Section 6.3. Titles of Articles and Sections. Any titles of the several parts, articles and <br />sections of the Agreement are inserted for convenience of reference only and shall be <br />disregarded in construing or interpreting any of its provisions. <br />Section 6.4. Notices and Demands. Except as otherwise expressly provided in this <br />Agreement, a notice, demand or other communication under this Agreement by any party to any <br />other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, <br />postage prepaid, return receipt requested, or delivered personally, and <br />(1) in the case of the Developer is addressed to or delivered personally to: <br />SLP EX, LLC and AMP EX, LLC <br />Attention: Jeffrey Peterson <br />200 South 6t1i Street, Suite 1300 <br />Minneapolis, MN 55402 <br />(2) in the case of the Tenant is addressed to or delivered personally to: <br />Delta ModTech <br />11501 Eagle Street NW <br />Minneapolis, MN 55448 <br />13 <br />11750570v4 <br />
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