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C. The Parties now desire to settle the Released Claims as that term is more fully <br />defined below. Part of the consideration for this settlement involves the design and <br />construction of a project for the City to replace the existing screw presses with new centrifuges <br />(the "Repair Project"). The Repair Project involves the following Parties agreeing to perform <br />the following work: <br />• Design -Build Contract. BMI will design and furnish the scope of the Repair Project <br />under an agreement between BMI and the City, which is attached as Exhibit A. The <br />scope of the repair work includes replacing the existing screw presses with new <br />centrifuges. As part of its scope of work, BMI has agreed to manage and pay for the <br />disposal of waste at the City's plant during the time the screw presses are removed <br />and replaced with the new centrifuges ("Waste Removal and Disposal Work"). <br />• General Construction. Except for the Waste Removal and Disposal Work and the <br />supply of the centrifuges, BMI will subcontract all repair work included in the Repair <br />Project to RLC. This subcontract, which is attached as Exhibit B-I, will require BMI <br />to furnish to RLC the new centrifuges and will exclude the Waste Removal and <br />Disposal Work from RLC's scope of work. RLC's scope of work will include the <br />installation of the new centrifuges. <br />• Centrifuge Supply. BMI will supply new wastewater treatment centrifuges to the <br />plant site under a contract directly with the equipment manufacturer.. <br />FOR GOOD AND VALUABLE CONSIDERATION, the Parties agree as follows: <br />1. BINDING EFFECT. <br />The terms of this Agreement shall be binding upon and be enforceable against and shall <br />inure to the benefit of the Parties jointly and severally and the heirs, successors, insurers, <br />carriers, personal representatives, and assigns of each. The Parties acknowledge that this <br />Agreement was the result of mediation sessions and follow up settlement negotiations <br />conducted by John M. Harens (the "Mediator") and that they each received in writing the <br />statutory mediation disclosures including the following: <br />• the Mediator has no duty to protect their interests or provide them with <br />information about their legal rights; <br />• signing a mediated settlement agreement may adversely affect their <br />legal rights; and <br />City of Elk River / BMI /PLC/ Vessco/SBI 2 <br />Settlement Agreement <br />Page 109 of 201 <br />