No. 2060 approving/authorizing the execution of an agency agreement by/between the SBRC and the COSB board of public works relating to studebaker national museum relocation project (SBCDA)

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NOW, THEREFORE, in consideration of the mutual covenants and promises herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 1. The Commission hereby empowers and appoints the Board to act as the Commission's agent for the limited purpose of contracting for the demolition and construction of the Project in accordance with the plans as approved by the Commission and filed with the Board ( "Plan "), which Plan may be supplemented and amended from time to time as provided for herein. The Board shall select the type, quantity, suppliers, construction contractors and subcontractors, materialmen and installers of the improvements and appurtenances on behalf of the Commission. 2. This limited Agency Agreement shall immediately terminate upon breach by the Commission or the Board of this Agency Agreement or any other agreement between the Conunission or the Board at least seven (7) days in advance of the date of termination of agency. The authority and appointment herein contained is limited to a total construction cost for the Project, as established by the receipt' and award of construction contracts by the Board pursuant to the Agency Agreement. 3. The Board hereby accepts the appointment of agency by the Commission as described in Paragraph 1 of this Agency Agreement. 4. The Board shall construct the Project pursuant to IC 36 -1 -12 and shall execute all contracts pursuant to said chapter on behalf of the Commission. 5. The Board, in the bidding of the contracts pursuant to said chapter, shall adopt specifications pertaining to the work to be performed, the timetable for the performance of the work, require performance, payment, and maintenance bonds, and such other matters as may be required 4