Loading...
HomeMy WebLinkAboutb. Proposed Correction - 6.h. Updated Settlement Agreement with Arcon Development, Inc. rd t . SETTLEMENT AGREEMENT This Agreement is made this day of :2012 by and between the City of Rosemount, Minnesota, a Minnesota municipal corporation (the "City "), and Arcon Development, Inc., a Minnesota corporation ( "Arcon "). WHEREAS, the City and Arcon are parties to an agreement entitled Land Exchange Agreement, dated , 2011, pursuant to which the City conveyed to ,Arcon land depicted on Exhibit A attached hereto and hereby made 'a part of this Agreement (the "Subject Property "); and WHEREAS, in connection with the developmerit of the Subject Property, Arcon discovered crushed battery case material that had been used as a drain field for a septic system on the Subject Property; and WHEREAS, Arcon has excavated the battery case material and asserts that the City is ry responsible for removal of the material; and WHEREAS, the City denies that it has any legal responsibility to remove the battery case material, but as a compromise of a disputed claim and to avoid the expenditure of public funds and resources in litigation, and to avoid the uncertainty of litigation, the City agrees to settlement of the dispute on the terms and conditions set forth herein. NOW, THEREFORE, on the basis of the premises and the mutual covenants contained herein, the parties agree as follows: 1. Arcon will make arrangements with SKB Environmental, Inc. ( "SKB ") for disposal of the battery case material at the SKB containment facility in the City of Rosemount. 2. The City will load the excavated battery case material and dispose of it at the SKB industrial waste facility by , 2012. 3. Arcon will pay to SKB all fees required for disposal of the battery case material at SKB's facility. 4. Upon receipt of a final bill, Arcon will invoice the City for fifty percent (50 %) of,the cost of disposal charged by SKB, including with such invoice the bill and receipt from SKB showing the amount �f material deposited and the total charge. Within 30 days of receipt of such invoice, the City will reimburse to Arcon fifty percent (50 %) of such costs; provided, however, that the City's reimbursement to Arcon will not exceed Seven Thousand Six Hundred Dollars ($7,600). 5. In consideration of this Agreement, Arcon` forever releases and discharges the City, its officers, agents, and employees from any and all claims for, or related in any way to, the condition of the Subject Property, or its soils, or any materials of any nature 398086v2 CLL RS220 -285 1 whatsoever, stored, deposited, or located on or under the soils of the Subject Property existing as ofthe date of transfer ofthe Subject Property from the City to Arcon, and will indemnify, defend, and protect the City, its officers, agents and employees from any and all such claims brought against the City in the future. 6." Arcon shall take all steps necessary to assure compliance with federal, state and local environmental laws relating to the battery case material °excavation, removal, storage . and disposal, including, but not limited to, testing, assessment, notification to governmental entities, removal, verification and reporting. The City's only obligation with respect to environmental laws as they relate to the excavated material is to provide transport for the materials excavated by Arcon:to : an approved disposal facility determined by Arcon. IN WITNESS WHEREOF, the parties, by their authorized representatives, have executed this Agreement as of the day and date first above written. } CITY OF ROSEMOUNT By; Its Mayor And by: Its Clerk ARCON'DEVELOPMENT, INC. By: Its: 398086v2 CLL RS220 -285 2 k. "