CCP 06-15-1992 - Laserfiche WebLink

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c . or at such other address with respect to either such party as that party may, from time to time, designate in writing and forward to the other as provided in this Sec tion. Section 9.6. Counterparts. This Agreement is executed in any number of counterparts, each of which shall constitute one and the same instrument. Section 9.7. Modification. If the Developer is requested by the holder of a Mortgage or by a prospective holder of a prospective Mortgage to amend or supplement this Agreement in any manner whatsoever, the City will, in good faith, consider the request with a view to granting the same unless the city, in its reasonable j udgmen t, concludes that such modification is not in the public interest, or will significantly and undesirably weaken the financial securi ty provided to the interests of the City by the terms and provisions of this Agreement. Section 9.8. Law Governing. This Agreement will be governed and construed in accordance with the laws of the State of Minnesota. See tion 9.9 Legal Opinions. Upon execution of this Agreement, each party shall, upon request of the other party, supply the other party with an opinion lof its legal counsel to the effect that this Agreement is legally issued or executed by, and valid and binding upon, such party, and enforceable in accordance with its . terms. Section 9.10. City Approvals. approval, execution of documents, Any or other action to be taken by the City pursuant to this Agreement, for the purpose of carrying out the terms of this Agreement or for the purpose of determining sufficient performance by the Developer under this Agreement, may be made, executed or taken by the Mayor and City Manager without further approval by the City Council. The City Manager may, but shall not be required to, consul t wi th other City staff with respect to such matters. Section 9.11. Termina tion. This Agreement shall remain in effect until the later of the expiration of the tax increment payments of the date the Revenue Bonds have been paid in full, Upon Termination the City shall furnish Developer a document in recordable form that the Agreement has been terminated. _. . 22.