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<br />ARTICLE V <br /> <br />ADDITIONAL PROVISIONS <br /> <br />Section 5.1 Conflicts of Interest. No member of the governing body or other official of <br />the City shall participate in any decision relating to this Agreement which affects his or her <br />personal interests or the interests of any corporation, partnership or association in which he or <br />she is directly or indirectly interested. No member, official or employee of the City shall be <br />personally liable to the City in the event of any default or breach by~he EDA or successor or on <br />any obligations under the terms of this Agreement. <br /> <br />Section 5.2 Titles of Articles and Sections. Any titles of the$~'\{eral parts, articles and <br />sections of this Agreement are inserted for conveni~-n.c;~ of reference only and shall be <br />disregarded in construing or interpreting any of its pro:y-isions. <br /> <br />Section 5.3 Notices and Demands. Excep~~s othef\Vise expressly pl"Qyided in this <br />Agreement, a notice, demand or other communicationU11.tler this Agreement by Cl,riy party to any <br />other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, <br />postage prepaid, return receipt requested,..gr delivered personally, and <br /> <br />(1) in the case of the EDA is addressed to or delivered personally to: <br /> <br />Economic Development Authority <br />the City of Elk River <br />City Hall <br />13065 Orono Parkwa.y <br />Elk River,MN 55330-5600 <br /> <br />(2) <br /> <br />in the case <br /> <br /> <br />or delivered personally to the City at: <br /> <br />City of Elk River, <br />Elk River City Hall <br />13065 Orono Parkway <br />River, MN 55330-5600 <br />Attn: Director of Economic Development <br /> <br />or at such other address with respect to any such party as that party may, from time to time, <br />designate in writing and forward to the other, as provided in this Section. <br /> <br />Section 5.4 Counterparts. This Agreement may be executed III any number of <br />counterparts, each of which shall constitute one and the same instrument. <br /> <br />Section 5.5 Law Governing. This Agreement will be governed and construed III <br />accordance with the laws of the State of Minnesota. <br /> <br />2159586v2 <br /> <br />6 <br />