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Approving Agreement of Operations Hotel-Motel Tax Board Civic Center Board of Managers
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Approving Agreement of Operations Hotel-Motel Tax Board Civic Center Board of Managers
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11/18/2013 11:35:09 AM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/8/1975
Ord-Res Number
5885-75
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advising of its intent to invoke the provisions of this Paragraph relating <br />to the discontinuance of its obligation to pay such losses or additional <br />support. The City of South Bend shall have fourteen (14) days following <br />receipt of such Notice to receive a reversal of action of decision on the <br />part of the Century Center Board. If such action or decision of the Century <br />Center Board is vacated, set aside or reversed, the Board of Managers shall <br />not be entitled to discontinue its obligation to pay losses or additional <br />support with respect to such action or decision of the Century Center Board. <br />I£ the decision or action of the Century Center Board is not vacated, set <br />aside or reversed within such fourteen (14) day period, the Board of <br />Managers shall be entited to discontinue its obligation to pay losses or <br />additional support at such time as it shall designate. <br />Nothing contained herein shall relieve the Board of Managers of <br />its responsibility to make the $150,000 annual payment provided for in <br />Paragraph 3, which obligation shall continue in effect so long as the <br />Century Center Board operates and used the convention facility for con- - <br />vention purposes as provided in this Agreement. Any discontinued oblig- <br />ations of the Board of Managers shall become the obligation of the Century <br />Center Board. No action or failure to act on the part of the Board of <br />Managers, except by official resolution, shall constitute a waiver of its <br />right hereunder at any time. The remedy provided herein is not exclusive. <br />SECTION 15. SEVERABILITY <br />The provisions of this agreement are not severable. This agree- <br />ment is subject to and conditioned upon the sale of revenue bonds by the <br />South Bend Civic Center Building Authority, the proceeds of which are to <br />be used by the South Bend Civic Center Authority to construct the conven- <br />tion center portion of South Bend Century Center. <br />APPROVED: <br />Edward A. Stanek, Chairman <br />Jerry J. Miller, Mayor St. Joseph County Hotel /Motel <br />City of South Bend Tax Board of Managers <br />Date Date <br />Roger O. Parent, President, Richard A. Rosenthal, Chairman <br />South Bend Common Council South Bend Civic Center Board of <br />Managers <br />Date <br />Date <br />Attest- <br />City Clerk <br />IM. <br />
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