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Agreement - Public Improvements for 201 S. Main St. (Barnes and Thornburg Building) - Bald Mountain, LLC.
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Agreement - Public Improvements for 201 S. Main St. (Barnes and Thornburg Building) - Bald Mountain, LLC.
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4/4/2025 1:11:22 PM
Creation date
12/12/2019 9:28:24 AM
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Board of Public Works
Document Type
Contracts
Document Date
12/10/2019
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Notwithstanding anything in the Agreement to the contrary, the City does not waive any <br />governmental immunity or liability limitations available to it under Indiana law. <br />10. Assignment. This Agreement may not be assigned by the Owner, including through a <br />Change in Control event, without the express written consent of the City which such consent <br />may be withheld for any reason. A Change in Control event shall mean either (a) the merger <br />of Owner into or with an unrelated third party entity, (b) a transaction or series of related <br />transactions in which a third party becomes the beneficial owner of fifty percent (50%) or <br />more of the membership units of Owner, or (c) the sale of all or substantially all of the assets <br />of Owner. A violation of this Section 10 shall be a material breach of this Agreement. <br />11. Material Breach. The parties agree that a material breach of this Agreement by the <br />Owner would have a material adverse effect upon the City. In the event of a breach by <br />Owner of any of its obligations hereunder, the Owner shall cure such breach, if curable, <br />within seven (7) days after written notice thereof from the City. Upon the failure by the <br />Owner to cure any such breach, or if the breach is material and incurable, the City may take <br />any action against the Owner that is available to it under applicable law. Notwithstanding <br />the foregoing, or anything contained herein to the contrary, it is the Owner's (a) sole <br />responsibility to ensure that the Public Improvements being performed by Owner (if any) <br />are completed to the City's satisfaction, and (b) responiibility to cooperate, in good faith, <br />with the City to coordinate scheduling and oversight of City's Contractor to ensure that such <br />City's Contract completes .Public Improvements being performed by such City Contractor. <br />12. Governing Law and Jurisdiction. This Agreement shall be construed and interpreted <br />according to the laws of the State of Indiana and shall be enforced in any court of competent <br />jurisdiction in St. Joseph County, Indiana. <br />
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