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Resolution 2007-48
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Resolution 2007-48
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Last modified
11/15/2021 2:15:59 PM
Creation date
12/21/2007 2:10:00 PM
Metadata
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Template:
City Council Records
Also Known As (aka)
BAP Alchemy Technologies Inc
Doc Type
Resolution
Signed Date
9/4/2007
Ord/Res - Year
2007
Ord/Res - Number
48
Original Hardcopy Storage
7D5
Quality Check
12/21/2007
Supplemental fields
Test
RES 2007-48
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appropriate funds for payment shall be without penalty or recourse to the City and, <br />further, shall not affect, impair, or invalidate any of the remaining terms or provisions of <br />this Agreement. <br />11. Governing Law: Venue. This Agreement shall be governed and construed in <br />accordance with the laws of the State of Colorado. This Agreement shall be subject to, <br />and construed in strict accordance with, the Louisville City Charter and the Louisville <br />Municipal Code. In the event of a dispute concerning any provision of this Agreement, <br />the parties agree that prior to commencing any litigation, they shall first engage in a good <br />faith the services of a mutually acceptable, qualified, and experience mediator, or panel <br />of mediators for the purpose of resolving such dispute. In the event such dispute is not <br />fully resolved by mediation or otherwise within 60 days a request for mediation by either <br />party, then either party may commence legal proceedings regarding the dispute. The <br />venue for any lawsuit concernin€; this agreement shall be in the District Court for Boulder <br />County, Colorado. <br />12. Legal Challenge=Escrow. The City shall have no obligation to make any <br />rebate payment hereunder durin€; the pendency of any legal challenge to this Agreement. <br />The parties covenant that neither will initiate any legal challenge to the validity or <br />enforceability of this Agreement, and the parties will cooperate in defending the validity <br />or enforceability of this Agreement against any challenge by any third party. Any funds <br />appropriated for payment under this Agreement shall be escrowed in a separate City <br />account in the event there is a legal challenge to this Agreement. <br />13. Assignment. This Agreement is personal to ALCHEMY TECHNOLOGIES, <br />INC. and ALCHEMY TECHNOLOGIES, INC. may not assign any of the obligations, <br />benefits or provisions of the A€;reement in whole or in any part without the expressed <br />written authorization of the City Council of the City. Any purported assignment, transfer, <br />pledge, or encumbrance made wiithout such prior written authorization shall be void. <br />14. No Joint Venture. Nothing is this Agreement is intended or shall be <br />construed to create a joint venture between the City and ALCHEMY TECHNOLOGIES, <br />INC., and the City shall never be liable or responsible for any debt or obligation of <br />ALCHEMY TECHNOLOGIES, INC. <br />15. No Third-Party Beneficiaries. There are no intended third-party beneficiaries <br />to this Agreement. <br />ALCHEMY TECHNOLOGIES, INC. <br />Bv: <br />Rhett K. Moore, President <br />CITY OF LOUISVILLE <br />By: <br />Charles L. Sisk <br />Mayor <br />
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