CCP 09-22-1997 - Laserfiche WebLink

Home Browse Search

. Section 10.7. Modifications This Agreement may be modified solely through written amendments hereto executed by the Redeveloper and the Authority, The Authority and the Redeveloper will consider any requests for modification of this Agreement, but neither party shall be obligated to agree to any requested modification, Section 10.8. Counteqlarts, This Agreement is executed in any number of counterparts, each of which shall constitute one and the same instrument -- Section 10.9, Judicial Intemretalion. Should any provision of this Agrecment require judicial interpretation, the cowt interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be construed more strictly against the party who it$elf or through its agent or attorney prepared the same, it being agreed that tbe agents and attorneys of both parties have participated in the preparation hereof. Section 10,10, Wae-e ~ntl Job Goals. (a) The Authority has delennined that its undertakings with respect to the Project and the Tax Increment District pursuant to this Agreement are for the purpose of redeveloping the Project area and are not for economic development or job growth purposes. Therefore, it is the opinion of the Authorily that the provisions of Minnesota Statutes, section 1161.991, are not applicable. However, in the event . that it is determined by a cowt or other governmental entity with jurisdiction to make such determination that Minnesota Statutes. section 1161,991, is applicable, the job and wage goal to be met for such putpose shall be one (1) new job paying a wage no less than federal or State minimum wage, whichever is higher. The Redeveloper understands that if Minnesota Statutes. section 1161,991, is determined to be applicable and the Redeveloper fails to meet such wage and job goals within two years from the date of this Agreement, it will be required to repay the assistance provided by the Authority under this Agreement, in accordance with Minnesota Statutes, section 116J.991. Also, if Minnesota Statutes, section 116J,991, is delermined to be applicable, the Redeveloper will provide, upon request by the Authority, evidence showing its compliance with the requirements of this Section and Section 116J.991. . 33 Sl;:'d 6VOl. l.c6 ct9 '~'d '3~I3a ~ ^3lQ~~ l.c:st 1.66t-6t-cBS -- - -