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04-07-2025 JDA Agenda Packet
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04-07-2025 JDA Agenda Packet
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25 <br />TW185\1\1011577.v13 <br />fees and expenses, including reasonable attorneys’ fees, engineering and <br />consultant fees incurred by the JDA as a result of an event of default, <br />whether or not a lawsuit or action is formally undertaking. <br />38. RECORDS. The JDA may at all reasonable times, after reasonable notice, inspect, <br />examine and copy all books and records of the Developer relating to the Development and the <br />Project. The Developer shall retain books and records pertaining to the Project and shall use <br />commercially reasonable efforts to cause the contractor or contractors, and all subcontractors, to <br />make their books and records relating to the Project available to the JDA, upon reasonable notice, <br />for inspection, examination and audit. These records shall be kept and maintained by the <br />Developer for a period of 6 years following completion of construction of the Project. <br />39. MISCELLANEOUS. <br />A. The JDA and the Developer agree that the laws of the State of Minnesota <br />shall govern all questions and interpretations concerning the validity and <br />construction of this Agreement and the legal relations between the <br />undersigned parties and performance under it without regard to principals <br />of conflicts of law. The language of this Agreement is and shall be deemed <br />a result of negotiations among the parties and the respective legal counsel <br />and shall not be strictly extrude for or against any party. Each party agrees <br />that any action arising out of or in connection with this Agreement shall be <br />brought solely in the courts of the State of Minnesota, Second Judicial <br />District, or the United States District Court for the District of Minnesota. <br />B. This Agreement shall run with the land and shall be recorded against the <br />title to the Subject Property. The Developer covenants with the JDA, its
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