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<br />as named insured. The City and EDA's costs for insurance shall be added to the <br />Lease payments due from the YMCA. <br /> <br />This document represents a framework of principles expressing the current understanding between <br />both parties and does not constitute a legally binding agreement. The parties agree to utilize the <br />principles expressed in this document as a framework for all subsequent legally binding <br />documents between the City, EDA and the YMCA. <br /> <br />OP: 1972859 v2 <br /> <br />CITY OF ELK RIVER <br /> <br />By: <br /> <br />Its: <br /> <br />ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR <br />THE CITY OF ELK RIVER <br /> <br />By: <br /> <br />Its: <br /> <br />THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF <br />METROPOLITAN MINNEAPOLIS <br /> <br />By: <br /> <br />Harold Mezile, Jr. <br /> <br />Its: President and CEO <br /> <br />5 <br />