Laserfiche WebLink
or any right-of-way acquisition delay, the Northwest Parkway will not be <br /> delayed from opening for either free, or tolled traffic. In the event of such <br /> a construction delay, the Authority shall proceed as expeditiously as <br /> possible to complete the 96th Street improvements. Louisville and the <br /> Authority shall enter into future agreements as necessary to implement this <br /> item #2. <br />3 West Midway Boulevard - $12 million in improvements from future <br /> Authority net revenues. <br /> <br />** Any remaining funds after projects are completed will be applied to <br />implementation of the Northwest Parkway. <br /> <br /> No Party which is a member of any public highway authority established to <br />create the roadway referred to herein as the Northwest Parkway shall permit its <br />representative(s) on the Board of Directors of said authority to authorize a bond issue <br />to finance Northwest Parkway right-of-way acquisition or construction costs by such <br />authority without inclusion of the $20 million for perpetual conservation easements <br />and fee title land acquisition or without inclusion of the $36 million for road <br />improvements as provided in this section. Further, the consents set forth under <br />subsection 4.1.7. of this Agreement are expressly conditioned upon the requirements <br />that the governing body(ies) of the entity(ies) created to construct the Northwest <br />Parkway will include in and make available from the Northwest Parkway financing <br />proceeds the $10 million for perpetual conservation easement and fee title land <br />acquisitions, the $10 million for additional open space from future net revenues, and <br />the $36 million for road improvements as provided in this section, and that such <br />entity(ies) will exercise its powers and construct the Northwest Parkway in <br />accordance with this Agreement. No consent set forth under subsection 4.1.7. shall <br />benefit such entity(ies) until the governing body(ies) of the entity(ies) has executed <br />a consent stating it agrees to be bound by these requirements, which consent shall be <br />delivered to, run in favor of, and enforceable by the Parties hereto. <br /> <br /> Conservation easements and lands purchased in fee shall be held for the <br />purposes set forth in §5.4 of the Plan, to preclude additional development, except as <br />specified in this Agreement, on such lands in perpetuity as community buffers and <br />to preclude additional traffic generation on the Parkway. <br /> <br />Exhibit A of the Agreement is hereby amended by deleting the Exhibit A map dated <br />February 9, 1999 and replacing it with a new Exhibit A map dated April 10, 2000, <br />attached hereto. <br /> <br />#676746 v5 4 <br /> <br /> <br />