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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.