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Agreement 18- <br /> AGREEMENT BETWEEN THE CITY OF ELK RIVER, ELK RIVER <br /> YOUTH FOOTBALL ASSOCIATION, AND ELK RIVER YOUTH <br /> LACROSSE ASSOCIATION REGARDING OAK KNOLL ATHLETIC <br /> COMPLEX <br /> THIS AGREEMENT ("Agreement") made this 5th day of March, 2018, by and <br /> between the CITY OF ELK RIVER, a Minnesota municipal corporation ("City"), the Elle River <br /> Youth Football Association, a Minnesota nonprofit corporation, and the Elk River Youth <br /> Lacrosse 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 and a <br /> scoreboard for field 44 at the Oak Knoll Athletic Complex. <br /> C. Without a substantial financial contribution by the Associations, the City would <br /> be unable and unwilling to install athletic field lighting and a scoreboard at the Oak Knoll <br /> Athletic Complex. <br /> D. The City is relying upon this Agreement to install athletic field lighting and <br /> scoreboard for field 44 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 $24,000 as an <br /> initial contribution towards the City's costs to install athletic field lighting and scoreboard at the <br /> Oak Knoll Athletic Complex at the time of execution of this Agreement. <br /> 2. SUBSEQUENT CONTRIBUTIONS. The Associations shall make an <br /> additional contribution to the cost of installing athletic field lighting and scoreboard at Oak Knoll <br /> in the amount of$59,328.00. The additional contributions shall be paid to the City in four (4) <br /> annual payments, the first payment to be made on July 1, 2019 and the final three (3) payments <br /> to be made on July 1, 2020, 2021 and 2022. <br /> 3. FIELD TIME COMMITMENT. The Associations shall have the same priority <br /> rights to use of the lighted athletic field 44 at Oak Knoll Athletic Complex as other users <br /> pursuant to then-applicable City Policies, including the City's field allocation policies. Failure <br /> of either Association to make its initial contribution and all additional contributions as provided <br /> in the Agreement shall be cause for the City to deny that Association field time on field 44 at the <br /> Oak Knoll Athletic Complex. <br />