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Exhibit 1 for a term ending 15 days after the sale of <br /> bonds, notes, or other instruments of indebtedness subject <br /> to the termination provisions of Section 8. This Agreement <br /> is based on concluding a bond sale prior to December 31, 1985 . <br /> In the event financing occurs after December 31, 1985, the <br /> City and RMI shall first establish a mutually acceptable <br /> modified limit for the Reimbursable Costs set forth in <br /> Section 3 . 1. (a) . <br /> 8.0 TERMINATION <br /> The City or RMI may terminate the work covered under this <br /> Agreement at any time upon seven ( 7 ) days ' prior written <br /> notice. <br /> 8 . 1 In the event of termination by the City of this <br /> Agreement, if within three (3 ) years of such <br /> • termination the City finances the Projects or secures <br /> funds from another source or from an assignee or <br /> transferee of the FERC license for the Project, the <br /> City shall , within 60 days of receipt of funds, pay <br /> RMI the difference between the $15, 000 payment made <br /> pursuant to Section 3 . 5 for its Reimbursable Costs <br /> and the total Reimbursable Costs, not to exceed <br /> $44, 000. 00, as set forth in Section 3 . 1 . In the <br /> event the City secures funds from others in amounts <br /> less than its total costs to date, such reimbursement <br /> in excess of the $15, 000 payment pursuant to Section <br /> 3 . 5 shall be proportional to the ratio of the funds <br /> received by the City divided by the total document- <br /> able costs incurred by the City for development of <br /> the Project to date. <br /> 8. 2 RMI may terminate this Agreement at any time RMI , in <br /> • its sole opinion, considers the Project or the <br /> proposed financing infeasible. If RMI so terminates <br /> -5- <br />