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Oak Knoll Field Lighting Agreement <br /> THIS AGREEMENT ("Agreement") made this 2nd day of December, 2013, by and <br /> between the CITY OF ELK RIVER, a Minnesota municipal corporation ("City"), the Elk River <br /> Youth Football Association, a Minnesota nonprofit corporation, and the Elk River Youth Lacrosse <br /> Association, a Minnesota nonprofit corporation (the "Associations"). <br /> RECITALS <br /> A. The City owns and operates the athletic fields at the Oak Knoll Athletic Complex. <br /> B. The Associations have asked the City to install athletic field lighting for field #10 at <br /> the Oak Knoll Athletic Complex. <br /> C. Without a substantial financial contribution by the Associations, the City would be <br /> unable and unwilling to install athletic field lighting at the Oak Knoll Athletic Complex. <br /> D. The City is relying upon this Agreement to install athletic field lighting for field #10 <br /> at the Oak Knoll Athletic Complex. <br /> NOW, THEREFORE, IN CONSIDERATION OF THEIR MUTUAL <br /> COVENANTS THE PARTIES AGREE AS FOLLOWS: <br /> 1. INITIAL CONTRIBUTION. The Associations shall pay the City $33,000 as an <br /> initial contribution towards the City's costs to install athletic field lighting at the Oak Knoll Athletic <br /> Complex at the time of execution of this Agreement. <br /> 2. SUBSEQUENT CONTRIBUTIONS. The Associations shall make an additional <br /> contribution to the cost of installing athletic field lighting at Oak Knoll in the amount of $40,000. <br /> The additional contributions shall be paid to the City in four (4) annual payments, the first payment <br /> to be made on July 1, 2014, and the final three (3) payments to be made on July 1, 2015, 2016 and <br /> 2017. <br /> 3. FIELD TIME COMMITMENT. The Associations shall have the same priority <br /> rights to use of the lighted athletic field #10 at Oak Knoll Athletic Complex as other users pursuant <br /> to then-applicable City Policies, including the City's field allocation policies. Failure of either <br /> Association to make its initial contribution and all additional contributions as provided in the <br /> Agreement shall be cause for the City to deny that Association field time on field #10 at the Oak <br /> Knoll Athletic Complex. <br />