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CARIBOU INDUSTRIES (13)
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CARIBOU INDUSTRIES (13)
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Last modified
1/11/2023 11:04:32 AM
Creation date
1/11/2023 10:57:23 AM
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Contracts
Company Name
CARIBOU INDUSTRIES
Contract #
A-2020-265-06
Agency
Community Development
Council Approval Date
11/17/2020
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party beneficiary, limited or general partnership, joint venture, employer and employee, or <br />principal and agent between the City and Borrower or Borrower's agents, employees or <br />contractors, <br />Section 8.2 No Claims by Third Parties. Nothing contained in this Agreement <br />creates or justifies any claim against the City by any person or entity with respect to the <br />purchase of materials, supplies or equipment, or the furnishing or the performance of any <br />work or services with respect to the Project or the Property. Borrower must include this <br />requirement as a provision in any contracts for the development of the Project. <br />Section 8.3 Entire Agreement. This Agreement and its Exhibits incorporate the <br />terms of all agreements made by the City and Borrower with regard to the subject matter of <br />this Agreement. No alteration or variation of the terms of this Agreement will be valid <br />unless made in. writing and signed by the parties hereto. No .oral understandings or <br />agreements not incorporated herein will be binding on the City or Borrower. <br />Section 8.4 City Obligations, The City's sole obligation under. this Agreement is <br />limited to providing the Funds as described in this Agreement, up to the not to exceed <br />amount of the Public Improvement Loan, for the purpose of constructing and installing the <br />City Funded Improvements. Under no circumstances, including breach of this Agreement, <br />will the City be liable to Borrower for any special or consequential damages arising out of <br />actions or failure to act by the City in connection with any of the Loan Documents. <br />Section 8.5 Borrower Solely Responsible. Borrower has the right to exercise full <br />control of employment, direction, compensation and discharge of all persons assisting in <br />the performance contemplated under this Agreement. Borrower is solely responsible for: <br />(a) its own acts and those of its agents, employees and contractors and all matters relating <br />to their performance, including compliance with Social Security, withholding and all other <br />Laws governing these matters and requiring that contractors include in each contract that <br />they will be solely responsible for similar matters relating to their employees; (b) any <br />losses or damages incurred by Borrower, any of its contractors or subcontractors and the <br />City and its officers, representatives, agents and employees on account of any act, error or <br />omission of Borrower in the performance of this Agreement or any other Loan Document <br />and the development and operation of the Project; and (c) all costs and expenses relating to <br />Borrower's performance of obligations under the Loan Documents, the delivery to the City <br />of documents, information or items under or in connection with any of the Loan <br />Documents and taxes, fees, costs or other charges payable in connection with the <br />execution, delivery, filing and/or recording of any Loan Document or document required <br />under any Loan Document. <br />Section 8.6 No Inconsistent Agreements. Borrower warrants that it has not <br />executed and will not execute any other agreement(s) with provisions materially <br />contradictory or in opposition to the provisions of this Agreement, <br />Section 8.7 Inconsistencies in Loan Documents. In the event of any conflict <br />between the terms of this Agreement and any other Loan Document, the, terms of this <br />Agreement control unless otherwise stated; provided, however, that any provision in this <br />Agreement in conflict with any Law will be interpreted subject to that Law. <br />55394.00049\40894110.6 is <br />
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