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23. Dispute Resolution/Mediation. Each dispute, claim or controN7crsy arising fr(,"li-il <br />or related to this Agreenicrit or the relationships which result frorn this Agreement <br />shall be sul)jcct to mediation as a condition I)rccc(.Icnt to inifiat1n,t, arbitration or legal <br />or cqUIt',1blC actions by either party. Unless the parties agree otherwise, the <br />rnedlation shall be in accordance with the Corritnercial Mediation Procedures, of the <br />Arnericari Arbitration Association then currently in effect. A reqL.iest for incdiation <br />shall be filed in writing with the American Arbitration Association and the other <br />party. Noarbitration, or legal or eqnitablc action rnay he instituted for a period of <br />ninety (90) days frown the filing of the request for mediation unless a longer period of <br />tinle is prosided by agreement of the parties. Cost of rnedlation shall be shared <br />equally bet%NTeen the parties. Mechation shall he held in the City of Elk RIN10- U111OSS <br />another lcrc<atioaa IS I'll it ttl'effly agreed Uj)(Al by the parties. The I-)arfies shall, <br />rnetnorialize ;kny ;,igreenicnir resulting f170111 the nle(fiation In a Mediated Settletnent <br />Agreement, which Agrectnent shall he enforceable as ,,'k settlement in any COUrt <br />having; Jurisdiction thereof. <br />24. Conflicts. No salaried officer or employee of the (,'Ity and no inerriber of the (Jtv <br />("("nincil (")f the (,"M, Shall hax,e a financial Interest, direct ()r indirect, in this <br />A,greenient. The �,lolation of this provision renders the Agreernenr �,,()Id. ikny <br />federal regLtlatlons and applicable state St;lftltes shall not be,6olated. <br />25. Counterparts. This Agreernenr may he executed M multiple counterparts, each of <br />which shall he considered an orl, <br />26. Governing Law. This Agreement shall be controlled by li,,N,s of the State c.rf <br />MIA-inesot,a. ExCCUted as of the day and year first written above. <br />City of Elk River Company <br />B�,: <br />City ("Icrk <br />Pagc 5 of 7 Standard Agrecrilent For Professional Scniccs <br />Page 212 of 342 <br />