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Res 2012-033
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Res 2012-033
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4/27/2012 2:52:40 PM
Creation date
4/19/2012 8:52:02 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2012-033
Date
4/17/2012
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funds for Grant Payments under this Agreement for reasons other than the Owner's non- <br />compliance with this Agreement during any fiscal year of the City during the Term, the Owner, <br />at its option, may terminate this Agreement by providing written notice thereof to the City. If the <br />Owner elects to terminate the Agreement under this Section, the Owner and the City shall each <br />be released of all further obligations under this Agreement, except that the City shall pay to the <br />Owner any outstanding and unpaid Grant Payments properly due to the Owner prior to the date <br />of termination for which the City has budgeted and appropriated funds during any previous fiscal <br />year. <br />Section 7.05. Offset. The City may deduct from any Grant Payments, as an offset, any <br />delinquent and unpaid fees, sums of money or ad valorem, sales or other taxes assessed and <br />owed by the Owner to or for the benefit of the City. <br />Section 7.06. Force Majeure. Force majeure means an event beyond the reasonable <br />control of a party obligated to perform an act or take some action under this Agreement <br />including, but not limited to, acts of God, earthquake, fire, explosion, war, civil insurrection, acts <br />of the public enemy, act of civil or military authority, sabotage, terrorism, floods, lightning, <br />hurricanes, tornadoes, severe snow storms or utility disruption, strikes, lockouts, major <br />equipment failure or the failure of any major supplier to perform its obligations. <br />ARTICLE VIII <br />MISCELLANEOUS <br />Section 8.01. Entire Agreement. This Agreement, including any exhibits hereto, <br />contains the entire agreement between the parties with respect to the transactions contemplated <br />herein. <br />Section 8.02. Further Actions. The City and the Owner will do all things reasonably <br />necessary or appropriate to carry out the objectives, terms and provisions of this Agreement and <br />
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