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R2001-199 AUTHORIZING AGREEMENT
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R2001-199 AUTHORIZING AGREEMENT
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Last modified
1/21/2016 1:29:39 PM
Creation date
1/21/2016 1:29:37 PM
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Resolution/Ordinance
Res Ord Num
R2001-199
Res Ord Title
AUTHORIZING AGREEMENT - ARCHER-DANIELS-MIDLAND COMPANY - NORTH WATER TREATMENT PLANT
Approved Date
11/5/2001
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. � <br /> commission; delays in receipt of material; or any other cause, whether of similar nature, not <br /> within the control of the party affected and which, by the exercise of due diligence, such party is <br /> unable to prevent or overcome. Should any of the foregoing occur, the parties hereto agree to <br /> proceed with diligence to do what is reasonable and necessary so that each party may perform its <br /> obligations under this Agreement. The City shall not in any event incur any liability to ADM for ' <br /> consequential or other damages which may result from delays in initiating service or <br /> interruptions or other malfunctions of service. <br /> 20. Non-AgencX. It is agreed that the City is not an agent of ADM and shall not <br /> incur any costs or expenses on behalf of ADM, and that ADM is not an agent of the City and <br /> shall not incur any costs or expenses on behalf of the City. <br /> 21. Default. If either party in default with respect to, breaches or fails to perform one <br /> or more of the representations, covenants, warranties or other terms of this Agreement, and such <br /> default, breach or failure is not cured or corrected within fifteen (15) business days after receipt <br /> of written notice thereof given by the other party, the other party shall be entitled to (i) terminate <br /> this Agreement, (ii) sue for specific performance, and (iii) pursue any and all remedies available <br /> at law or in the equity, including without limitation, recovery of the actual costs incurred in <br /> connection with the transaction contemplated in this Agreement. <br /> 22. Term. This Agreement shall have a term of twenty (20) years commencing on <br /> the Closing Date of the acquisition by ADM of the City's North Plant. This Agreement shall <br /> automatically renew for terms of five (5) years, unless either party gives written notice not less <br /> than one (1) year prior to the expiration of the current term that the party does not desire that the <br /> Agreement be renewed. <br /> 12 <br />
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