8.1. SR 06-03-2019 - Laserfiche WebLink

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2. If this Agreement is terminated by City between five (5) and ten (10) years after the date that Elle River Landfill begins discharging wastewater into the City's wastewater system, City shall reimburse Elk River Landfill into amount of$1,500,000. 3. If this Agreement is terminated by City between ten (10) and fifteen (15) years after the date that Elk River Landfill begins discharging wastewater into the City's wastewater system, City shall reimburse Elk River Landfill in the amount of$1,000,000. 4. If this Agreement is terminated by City after this Agreement has been in effect for fifteen (15) years, and before the expiration of the initial Term set forth in Section V(A) above, City shall reimburse Elk River Landfill in the amount of$500,000. 5. Reimbursement payments pursuant to this Section V(E), if any, shall by payable over a five-year term which carries a four percent (4%) annual interest rate on the unpaid balance. The first payment shall be made on the effective date of the termination and the remaining payments shall be made annually thereafter. ARTICLE VI. MISCELLANEOUS PROVISIONS A. The City will keep books, records and accounts in which complete entries shall be made available of all transactions and costs relating to the City's Sewerage System. The books, records and accounts shall at all reasonable times be subject to inspection and copying by any party to this Agreement. Elk River Landfill may from time to time review such books and records. The City shall also provide to Elk River Landfill such information regarding the design or other technical information regarding the City Treatment Plant and its Sewerage System as Elk River Landfill may request from time to time. B. The City and Elk River Landfill warrant that each has right, title and authority to enter into this Agreement and to perform each and every term, covenant and condition in it. C. The City and Elk River Landfill agree that this Agreement, together with the Utility Installation Agreement and the License Agreement entered into by the parties on this date, and the exhibits attached to each, embody the entire understanding between the parties and supersede all prior understandings and agreements related to the subject matter and that no prior or contemporaneous oral or written understandings of the parties shall be applicable hereto except as specifically set forth herein. Nothing in this Agreement shall prohibit the City from adopting and enforcing ordinances rules or regulations providing for pretreatment of Sewage, 10 V\MCGRANNDMVDMDOCS\DOCS\tak\90000A1140004.DOCX Error!Unknown document property name.05/23/2019 34899386.205/30/2019)513012019�"cnnn 19