City Council Study Session Agenda and Packet 2009 04 20

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~L°~~, nor any future obligations tha reduce or affect in any manner to paragraph 4.b. of these Righ 8. U.S. 36 as nnaxatinn annex property located south c agrees not to annex property 10 9 . No Im~sairment . Neith impair the rights of the other, share in the revenues to be col this Agreement. 10. Coo,~eration. Louisvi their best efforts, to cooperate faith in implementing the prove: 11. No Third-Part~~,g~.~,. the benefit of the parties heretc it be deemed to confer rights to as parties hereto. 12. Election. The partie Superior will place this Agrees November of 1997 requesting voter to ratify this Agreement. Should .the voters in either Agreement, then this agreement parties are under no obligation the disconnections pursuant to P. shall become effective upon municipalities. 13 Transporta ion T 47PG, in the best interest of each reconstruct the interchange. cooperate to jointly design, cc reconstruction of the interchange Such cooperation shall include f~ of at least two members of the Lc of the Superior Board of Truste municipality, to recommend the financing of interchange reco determine the "Louisville porti~ the total costs of the ii consideration of all sources of not limited to, federal, state, The Louisville portion shall be result of previous interchange respective parties' pardons c reconstruction, the following f Louisville may enter into, will he payments due Superior pursuant s and Obligations. ~II~.r~ • Louisville agrees not to west of U.S. 36, and Superior ted north or east of U.S. 36. :r Louisville nor Superior shall without the other's consent, to ected and shared as described in Lle and Superior agree to devote as necessary, and to exercise good ions of this Agreement. This Agreement is made solely for and is not intended to nor shall any persons or entities not named agree that .both Louisville and nt on the municipal ballot for of the respective municipalities municipality fail to approve this shall be null and void and the ender this Agreement to effectuate ~ragraphs 1 and 2. This Agreement pproval by the voters in both The parties recognize that it is municipality to jointly plan to Louisville and Superior shall >nstruct, and finance a one time which may be completed in phases. ~rmation of a Committee consisting uisville City Council, two members es, and one staff member of each 3esign, construction process, and Zstruction. The parties shall ~n" and the "Superior portion" of ~terchange reconstruction after revenue available including, but private, and other local sources. :redited five million dollars as a improvements. To calculate the ~f the cost of the interchange crmula shall be used: the total 5 8