05-26-2015 Council Packet - Laserfiche WebLink

Home Browse Search

3 costs related to the said project, subject to any amendments made in accordance with this agreement in Paragraph (c). c. Amendment to Financial Duties. The Cities may amend the contribution, amount and scope upon the following: i. Upon the receipt of the feasibility report, plans and specifications or bids. ii. At any other time the parties agree to an amendment. 5. Special Assessments. Under authority of this agreement, Long Lake shall conduct and administer the assessment of all benefitted properties in Long Lake. Orono shall pay its share in cash. Costs associated with the special assessment administration, including appeals, shall the responsibility of Long Lake. 6. Loss. Each party shall be solely responsible for any loss, damage or injury to any person or property arising out of the implementation of the Joint Powers Agreement and improvements thereon by any person or persons within its jurisdiction or authority; and each party shall hold the other harmless from and defend against any claim, demand or cause of action initiated to recover the amount of any such loss, damage or claim for which it is responsible pursuant to this Agreement. Each party shall carry at its own expense comprehensive liability insurance covering its potential liability under this section with person injury limits of not less than Five Hundred Thousand and no/100 Dollars ($500,000.00) per person and One Million Five Hundred Thousand and no/100 Dollars ($1,500,000.00) per occurrence and property damage limits of Twenty-Five Thousand and no/100 Dollars ($25,000.00) per occurrence and Fifty Thousand and no/100 Dollars ($50,000.00) aggregate, or such other limits as may from time to time be required under the provisions of Minnesota Statutes §466.04 and any amendments thereto. IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective the day and year first above written. Entire Council Packet 05/26/15 [Page 334 of 378]