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MEMORANDUM OF UNDERSTANDING <br />REGARDING <br />MANAGEMENT AND MAINTENANCE <br />BETWEEN <br />ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY <br />AND <br />THE CITY OF ELK RIVER, MINNESOTA <br />This MEMORANDUM OF UNDERSTANDING, hereinafter referred to as "MOU", is hereby <br />made and entered into on this day of , 2012, by and <br />between the City of Elk River, Minnesota, hereinafter referred to as the "City" and the Housing <br />and Redevelopment Authority in and for the City of Elk River, hereinafter referred to as the <br />«H~„ <br />1.0 Purpose <br />The purpose of this MOU is to address the management and maintenance of the HRA owned <br />Main Street Parking Plaza, hereinafter referred to as the "Lot", located at 716 and 720 Main <br />Street within the City of Elk River, Minnesota. <br />2.0 Review and processing of special event permits <br />The City will review, process and act on all applications for special event permits for use of the <br />Lot in the same manner as applications for the use of City owned property. <br />3.0 Management and Maintenance of Lot <br />The City will manage and maintain the Lot in the same manner as City owned parking lots and <br />landscaping. The HRA will reimburse the City for all material costs and labor associated with <br />management and maintenance of the Lot in an amount the HRA and City will agree to annually. <br />In addition, if the City determines that the Lot requires sealcoating, the cost of seal coating will <br />be billed to the HRA. <br />The following maintenance/labor will be the responsibility of the Parks and Recreation <br />Department: irrigation, repairs and water consumption. The following maintenance/labor will be <br />the responsibility of the Streets Department: snow removal, paint striping, sweeping and <br />cracksealing. <br />4.0 Termination of MOU <br />This MOU may be cancelled or terminated without cause by either party by giving (30) calendar <br />days advance written notice to the other party. Such notification shall state the effective date of <br />termination or cancellation. Any and all amendments must be made in writing and must be <br />agreed to and executed by the parties before becoming effective. <br />