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City Council Study Session Agenda and Packet 2009 04 20
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City Council Study Session Agenda and Packet 2009 04 20
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JOINT MEETING WITH TOWN OF SUPERIOR BOARD OF TRUSTEES
Original Hardcopy Storage
6E1
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SSAGPKT 2009 04 20
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~~ <br />~r~~ ~ ~sr <br />cost of the reconstruction les all other non-party sources of <br />revenue less an initial Superior portion of $5 Million dollars with <br />the remainder split equally be weep the parties (as an example: <br />assume a $20 Million total cost less $6 Million non-party sources <br />and less an initial Superior po tion of $5 Million (representing <br />Louisville's previous payments toward the interchange) with the <br />remainder ($9 Million) split e ally between the parties at $4.5 <br />Million each. Under this exam le, Louisville's portion is $4.5 <br />Million and Superior's portion 's $9.5 Million.) Other discussion <br />items for the committee. shall include, but not be limited to, <br />McCaslin Boulevard, U.S. 36, and 88th Street. This committee shall <br />be convened consistent with t is Agreement for the purpose of <br />discussing the issues as they a ply to both entities. <br />14. commitment of sales <br />consideration for the sharing <br />Louisville agrees that the por <br />pursuant to Paragraph 3(c) shall <br />portion of the interchange reco <br />tax revel. As additional <br />f sales tax revenue by Superior, <br />ion of the sales tax paid to it <br />be used first towards Louisville's <br />struction. <br />15. Non-Compliance. If ei' <br />provisions of this Agreement, <br />written notification to the nonce <br />of the noncomplying party to ach <br />days after said notice, may at <br />Agreement or maintain an ac <br />jurisdiction in Boulder Cou <br />injunctive, or other relief. <br />16 . Z'e~_and Termination . <br />effect until amended~or terminat <br />is the intent of the parties tY <br />effect for the longest period of <br />adverse revenue effects to Louis <br />of the South Property, and any a <br />resulting from disconnection of <br />indefinitely after the disconne <br />17 . C'o Qrad,Q Laws . This <br />construed in accordance with t <br />18. governmental Authorit <br />comply with any and all other <br />federal or local laws or regulat <br />19. Waiver A waiver of a <br />this Agreement shall not constit <br />of any subsequent breach of the <br />Agreement. <br />her party fails to comply with the <br />:he other party, after providing <br />mplying party and upon the failure <br />.eve compliance within ninety (90) <br />its option either terminate this <br />:ion in a court of competent <br />ity for specific performance, <br />This Agreement shall remain in <br />;d by agreement of the parties. It <br />at this Agreement shall remain in <br />time permitted by law because any <br />ville resulting from disconnection <br />averse revenue effects to Superior <br />the North Property, shall continue <br />:tions. <br />reement shall be governed by and <br />laws of the State of Colorado: <br />L. Louisville and Superior shall <br />wise applicable and valid state, <br />.ons in relation to this Agreement. <br />breach of any of the provisions of <br />ite a continuing waiver or a waiver <br />same or another provisions of this <br />6 <br />9 <br />
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