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Resolution 2012-46
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Resolution 2012-46
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Last modified
3/21/2023 10:37:42 AM
Creation date
8/8/2012 9:33:12 AM
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City Council Records
Also Known As (aka)
BAP Takoda Properties Inc_Creative Enterprises LLC_Variety Arts of Louisville
Doc Type
Resolution
Signed Date
8/7/2012
Ord/Res - Year
2012
Ord/Res - Number
46
Original Hardcopy Storage
7D5
Record Series Code
45.160
Record Series Name
Resolutions
Supplemental fields
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RES 2012-46
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expressly conditional upon annual appropriation by the City Council, in its sole <br />discretion. The parties hereto understand and agree that any decision of City <br />Council to not appropriate funds for payment shall be without penalty or recourse <br />to the City and, further, shall not affect, impair, or invalidate any of the remaining <br />terms or provisions of this Agreement. <br />14. Governing Law: Venue. This Agreement shall be governed and <br />construed in accordance with the laws of the State of Colorado. This Agreement <br />shall be subject to, and construed in strict accordance with, the Louisville City <br />Charter and the Louisville Municipal Code. In the event of a dispute concerning <br />any provision of this Agreement, the parties hereto agree that prior to <br />commencing any litigation, they shall first engage in a good faith the services of a <br />mutually acceptable, qualified, and experience mediator, or panel of mediators <br />for the purpose of resolving such dispute. In the event such dispute is not fully <br />resolved by mediation or otherwise within 60 days a request for mediation by any <br />party to such dispute, then any party to such dispute may commence legal <br />proceedings regarding the dispute. The venue for any lawsuit concerning this <br />agreement shall be in the District Court for Boulder County, Colorado. <br />15. Legal Challenge; Escrow. The City shall have no obligation to make <br />any rebate payment hereunder during the pendency of any legal challenge to this <br />Agreement. The parties hereto covenant that no legal challenge to the validity or <br />enforceability of this Agreement will be initiated, and the parties hereto will <br />cooperate in defending the validity or enforceability of this Agreement against <br />any challenge by any third party. Any funds appropriated for payment under this <br />Agreement shall be escrowed in a separate City account in the event there is a <br />legal challenge to this Agreement. <br />16. Assignment. This Agreement is personal to the parties of this <br />Agreement and no party hereto may assign any of the obligations, benefits or <br />provisions of the Agreement in whole or in any part without the expressed written <br />authorization of the City Council of the City. The Sales Tax Rebate payment <br />provisions may be assigned but any such assignment must be approved by the <br />City Council of the City. Further, for any assignment, the assignor shall provide a <br />true and complete copy of this Agreement to the assignee and the assignment <br />shall expressly state that payments under this Agreement are expressly <br />conditional upon annual appropriation by the City Council, in its sole discretion. <br />Any purported assignment, transfer, pledge, or encumbrance made without such <br />prior written authorization shall be void. <br />17. No Joint Venture. Nothing is this Agreement is intended or shall be <br />construed to create a joint venture between or among the City and any of the <br />other parties to this Agreement and the City shall never be liable or responsible <br />for any debt or obligation of the other parties hereto. <br />Page 5 of 6 <br />
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