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IV.4. Assignment and Assumption of Gallery Flats Parking Lease Agreement; StadlerC,1TY OF January 19, 2021 N O P K I N S Council Report 2021-008 Assignment and Assumption of Gallery Flats Parking Lease Agreement Proposed Action. Staff recommends adoption of the following motion: Move that City Council a�prove the assiqnment and assum�tion qarkin� agreement between the Citv of Hopkins and the owner of the Gallery Flats apartments. Overview. In December 2019, City Council approved a 5-year extension of the parking lot lease agreement with Sidal Realty for Gallery Flats tenants' non-exclusive use of up to 36 parking stalls in the City parking ramp. The Gallery Flats apartments are in the process of being sold and the assignment and assumption agreement is necessary t� transfer the current lease to the new owners. The terms and conditions of the parking agreement do not change, i.e. non-exclusive use of 36 parking stalls via permit program, annual fee of $24,000, payment of pro rata share of property taxes, 120-day termination notice for either party, termination date of D�c. 31, 2024. The City Attorney's office drafted the assignment and assumption agreement and staff recommends approval. Primarv Issues to Consider. ■ lmpact to public parking in the ramp Based on Gallery Flats use of the 36 parking ramp permits over the past several years, there shouldn't be an impact to public users of the ramp. If there were an impact, it would be on evenings with large-draw events downtown. During the pre-pandemic timeframe, there were typically 75-100 permit parking stalls available each work day in the ramp. Today, the ramp is very much underutilized and there are many more open stalls each day. Sup�ortinq information. • Proposed assignment and assumption agreement ■ Downtown parking map , Steven J. Stadler, Public Works Director ASSIGNMENT AND ASSUMPTION OF PARHING AGREEMENT THIS ASSIGNMENT AND ASSUMPTION OF PARHING AGREEMENT (the "AgreemenY') is made this day of , 2021, by and between Sidal Realty Co. Limited Partnership, LLLP, a Minnesota limited liability limited partnership ("Assignor"), the City of Hopkins, a Minnesota municipal corporation (the "City"), and MN Gallery Flats Apartments LLC, a Delaware limited liability company ("Assignee"). WHEI2EAS, on September 3, 2019, the City and Assignor entered into a Parking Agreement (the "Parking Agreement"), attached hereto as Exhibit A, which permits the occupants or guests of Assignor's Gallery Flats Apartments, located at 50 8�' Ave. S., Hopkins, Minnesota ("Gallery Flats"), to park motor vehicles in 36 spaces in the City's parking ramp located at 26 10�' Ave. S., Hopkins, Minnesota (the "Ramp"}; and WHEREAS, Assignor is in the process of selling Gallery Flats to Assignee and desires to assign all of its r�ghts and obligations under the Parking Agreement to Assignee, and Assignee desires to assume all of Assignor's rights and obligations under said Parking Agreement accruing from and after the Acquisition (as hereinafter defined); and WHEREAS, Section 15 of the Parking Agreement only allows for certain assignments to take place absent City approval, and so Assignor cannot assign its rights and obligations to Assignee without the City's written consent; and WHEREAS, the City desires to allow Assignor to assign its rights and obligations under the Parking Agreement to Assignee pursuant to the terms of this Agreement. NOW, THEREFORE, in consideration of the foregoing, the parties hereby agree as follows: Section 1. Effective upon Assignee's acquisition of fee ownership of Gallery Flats from Assignor (the "Acquisition"), Assignor hereby assigns and transfers to Assignee all of its right, title, and interest in and under the Parking Agreement. The City hereby consents to said assignment of the Parking Agreement to Assignee and agrees that this assignment shall not be deemed to be a breach of the Parking Agreement. The City's consent shall not be deemed to operate as consent by the City to any further assignments of the Parking Agreement to any entity that does not control Assignee, is not controlled by Assignee, or that is not under common control with Assignee, consistent with Section 15 of the Parking Agreement. Section 2. Assignee hereby assumes and agrees to perform all of Assignor's obligations under the Parking Agreement arising on and after the Acquisition and to the same extent as if Assignee had been an original party thereto. From and after the Acquisition, the references to "Sidal" in the Parking Agreement shall be deemed to be references to Assignee, and Assignee's notice address for purposes of Section 15 of the Parking Agreement shall be MN Gallery Flats Apartments LLC, c/o Weidner Property Management LLC, 9757 NE Juanita Drive, Suite 300, Kirkland, Washington 98034, Attn: Property Manager. The Parking Agreement shall 696577.v2 remain in full force and effect through its express term, unless otherwise terminated in accordance therewith. Section 3. The City hereby releases Assignor from its obligations under the Parking Agreement arising on or after the Acquisition. Section 4. This Agreement may be executed in one or more counterparts, each of which shall be deemeri an original for all purposes, but all of which taken together shall constitute one and the same instrument. Section 5. Unless expressly modified by this Agreement, all terms and conditions of the Parking Agreement shall remain in full force and effect. Section 6. This Agreement is to be governed by the laws of the State of Minnesota. [Signatures appear on following page.] 696577.v2 2 IN WITNESS WHEREOF, the parties hereto have caused to be executed and delivered this Assignment and Assumption of Parking Agreement. SIDAL REALTY CO. LIMITED PARTNERSHIP,LLLP Dated: , 2021 By: Its: CITY OF HOPKINS Dated: , 2021 By: Jason Gadd Its: Mayor By: Michael Mornson Its: City Manager MN GALLERY FLATS APARTMENTS LLC, a Delaware limited liability company By: Weidner Investment Services, Inc., a Washington corporation Its Manager I� Dated: , 2021 b96577.v2 3 W. Dean Weidner Its President EXHIBIT A P`.A��v:�\� AGitEE�1E�`+f'I' T;�-i�S A+��Et�i + i�T Ci`�"+�reementj is by �� between ihe Cityr af ��3�p�ins, a'v�innesc�ta, � �viit�aesota rnu�ai�ip�1 cQrpc�ratior� {"�;it���, �nc� Si�ial �,ealty ��. I.im�te�d Par�nership, i.,L.LP, a M�t�nesc�t� limikcd li�bilit�r iizt�itt�t pu�.ners�ip ("�zdal"j +��coll�tia���►, �h� "�'�u�cies"). i�VtTN�S��"�'i�: 1�V��RE.�,�, Sic�rsl �w�as acu3 operr�te$ au a�aarkcr�ent b�tildin,� loca#�d at �Q ��' �venx�c Sc�c�t�; �c��kir�s: I�+�i�, known as Galiery F�lats A�arfimc�nts (..,Gallc�ry �1�t�"); �and WH�R.��S, Cify ��ci Sit�ul ciird, az� ut ��u# �?et:e��tl��r (a, 2+�1G enter anto an agrccmcnt �ntitiec� "Parlcir►g .�,��eer�ent" �"I�eas�'�}, as� ��'hi� Sidal l�sc�d t�rty-six {:�6j ��rki�� sp�c� c�f the C:ity �r�ang r�^n� lc�c�ted �i ��i lt?�' A�r� S, Hc���n:�, MN., �ain�y f+�r us� by residents t�f Gallery �iats� an�i 't�'HE�AS, tlh� P�rta� l�xve m�d tc� �xtcnd said �.casc, ti�luc� ex�ires Dec. 31. �01�, for � �d�itio�l fiv�; {5) ;yc�s. NUf�V T�R��'+Dlt�, ir� considcr�tic�n of thc m�ttu� pro�nis+es a��d agr�c�er�ts h�reit� c�n��ine�, tI�e P�+rtics hereto stipul�t�and ag�ee as %I1c��w�s: 3. �t�c�it�ls. "T�a�; R�:c�ts�is lier�ina�scrve �,r� ��ereb}D i�tcc���orat�c# as t�rms of' this ��r��.�r�c�nt. 2. T�rrm c�f A��t;men�. N�t�iths#�n�ia�g �ae ef��ectirle date �►f ihis A�•�cnent, tl�e t�ma n�' thi5 A�<�nen� sh�il1 cc7nrir��nce �r� .ianuary l, �0�4 �"�omrnenc�nent T)ate"), �nd shall tcrm�na�te nn I)ece�anb�r 3l, �2D24 �("T�mina�i�r� Da�#e"�, �ani� �rl�e�r tertnia�ated � prc>t�i�ied und+er �his A�r�r�aera�. 3. Grar�t t�f It� s t t� U� and Asfi's�;n�ment �f Such ��, S�bj�eet tc� ��� �imitatia�. i�rtz�s �nd ccrndiiic�ns here�n�#���r prc���ided, �ity agrces to g��az�t to Si��l, fox t2�e use �f tlac Q�cu�an�s c�x �,��.�sts r�f Gal�cry �'iats, ��e nt�nexclusive ri�ht to use thiri�v-six �3�5� �ar1c'sng sp�r� i� tt�e �tamp, �wenty-foun c�►urs � t3ay t�n �very c�v c�uri�n�; t�� tcrnx hcr��f, ft�ar kiae �le ��pose of prc�vidir�� parking o�' ncm-�c��ru�;t�x�i� p�ssc.•n�er v�hicic�. Si��l sh�11 �+�ntitl�ci �c� assi� without th+� City's cx�n.��nt, �ndividu�l� non�xctu�iv� parking s�ac.�s ir� �h� Ramp s�isly tc� �c�cup�nts r�f G�llery Fls�ts. Sidal is �vt p�n�itted �v as�i,�n �z�v �arking spacc c�r ;���ac:� it� persQns or �rttities u�hc� ttre nv# t}�er�- �rre�►t c��u��nts c,fC��tt�ry �'lats. 4. �.nn�ai tiae. Sidal ��� tc� ��v to �`i�y '�"we��ty-i�+aur `I'��a�rsa�sd a��d (}�l1 il�i L�ollars ��2�1,t1i�(i.t10) ar�ntsal��r. ��it� in tt�rt�l��� �I?) etjual rt3t�n#h�y g�a;,�'net�t�, th� �t�st i;nstaltrnent it� be ��d in u�vance an or b�fore the G�z�menc,er�a�ni I�9di� �f �ii� 1�.gr�;eernent, �d c�a�h sulss+eque�t mQnt'��y i�st�I�mcn� iu � paid t�n c�r �e�'are th� #'irst da�P c�i' e��lj s+uc�eding m�nih, said �ayrr�ts t�� k�c ��ac�c c.�a�.lt and �s�e�y 3nc�nth �uz�i,n� the t�cxr, nf` th� A�c�tnent �viti�c�ut dc�mand tlier�efc�r. �"idai's mnn�a�� a�gr��ate �har�t� fc�t� all caf th� i��tt� �ar�in� sp��es paid far bv the Gali�� � l�ts �ccu}��nt:�, 696577.v2 A-1 IN WITNESS WHEREOF, the parties hereto have caused to be executed and delivered this Assignment and Assumption of Parking Agreement. SIDAL REALTY CO. LIMITED PARTNERSHIP, LLLP Dated: , 2021 By: Its: CITY OF HOPHINS Dated: , 2021 By: Jason Gadd Its: Mayor By: Michael Mornson Its: City Manager MN GALLERY FLATS APARTMENTS LLC, a Delaware limited liability company By: Weidner Investment Services, Inc., a Washington corporation Its Manager I� Dated: , 2021 696577.v2 3 W. Dean Weidner Its President as m+essur�r3 bc�i�n�ng �n �2�� ��t�nenc�ne�t ��t+� �iir tia� f�alit�ws`n� �?-rrt�n�h �riod and fc�r cach su�cce�din� I�-mot�th p�:ric�d, �na}i c�t �x�d t�c �nu�d tnt� �����i���t t�n� at�er ��wns�es a�d c�h�r�;e� �t�id by �he 5ir��1 ic� C'ity nr �f#h�:n�,=is� in�tu�t-�d �or p�id by �ic��� fQr �s� of the �Lam�s under tl�is A��r�:m�at. �c:�i �a}�n�er�t ciuc� ur�c�e� this A,�ner�t m�d� r�nre th�n tk�rrt�e �3j d�ys lat� s1��.11 �s�i� �n �n autamatic l�#c fe� penalty p�°i'w�r �c�r�c���c� and (}�f ���? �otlars ��2t)(l�. L.ste p�yrnents rnoare ���n 45 �f�►a°ty-five� d�ys l�tc sha�l ac�ue m�mt'#�Iy intere�t fr�m �h� du� +�a#e �t l.�a�o. "I'�� ��te fee �d ir�tc.ir�st, if �ny, �'�al� b� p�id w�ith �1�� sutasr�u�r�tl�r f�ont��l� pa���en� t�r, in #he �euent #h�t it a�ises fr�.�sm ti�� ��c� pa:�n��nt oi il�� `�'�ma. �����n ten � 1{�) da��s c�f � tvrir#en d�nc� %m the City, 5. �'axes and �e�ial as.�es�m�r�t�. Sidal sha��� p�y � pm r�t� $l�� nfpmperty�xcs a�d s�,cciai asscs��nts �ccrti#'is�d #c� �m�s�s�ty t�ces) for the �.�}�i ��C1,ll�iti3t� �S �t i�ttii3 tf{�1�'tl��-SiX ���i� auth�r"�d �arking ��etmits to �h� Ihr� �ur��rc� and eighty (38�i) total par�i���, sp�c� ir� �he RR�mm�--36:38�, �ir.�l �h�ll �a� 1h�e C'i�� its �h�c +�f the property taxes �uvit�►ia� tlni�ty �3�) �iays nf r�cc�ipi �#' �vic�enr� af ��e �rro�sc�rty ta�r�s. If #he �crr�n r�i' t�is A�cn# inc�udes c�n � pa,rti�l t�len�� y�c, t�e r�a� est�te t;ix�� an� ins�al�m���s �� sp�ci�l t�sc;ssm�,�t p�y�ble b�F Sidal sht�li t�e �z�r��eci �� � daily b�ssis sc� t���t Sic� pays only th� r�al eskate t�c�es �nd insiallments c�f ���i�1 �...Sse:�ss���t� for t�ose days d�rit�� v+rhi�ch �e t�n� �of this A.gro�m�nt is in �#��:t. �►. Ma�n�en�nr„� au�d �er�$ir. City �ha�� be raspc�nsibl�, �t its �1� i;u�t, �'c�r ���e rr�aint�arcan�,e �nd r�air of the ��+e�s used f�r �a�i,.yng �nd any �rc�eess �in�� tri �ubiic st�ts, and sh�l be lilcev�ise r�esp�nsi��� fc�r the r�c��f�1 of �ce or ��aw a�,�u1�#�or�s or� sc�cl� :�as, but anly, in c��nne�:ii�n w�t� its �ustamary �ractaces raf rr�aintai�ng, s'��airin� and �ervi�.�ng st��h �, if �n� d�►n�g,� i� �c�u� tu tl�� Ramp by Sidai c�r Sidai's emplc�y+c�, �ust�s»�, t���t� +�r subiessee�a, �ity zrz�y�, but sh��l �ot �� requir�ci ta; rc�a�r �uch d�rna,��. Sid�t s��al1 r�i�b�arse City f�r al1 re�sonab�� cc�st� an� �;xpens+e� incurrc� in �mp3ct�ng sucl� repairs. City s��ll �av� no ��ty c�r �r�li,�tioaa �c� pmvic�� sc�;urity fc�� t}a+e R�n�. Sida.i �hail �mit Czt�,� ��nt�r the R�rnp �t al� �n� ��r t�te p�st� a� pe:r'�'ormiti;� m�a�r�#e�€�c� �nd r�air v�-c�rk, and t��ne sh�ll b� �� �r�t�n�nt t�f th� payar�er�ts d�u� h�rfi:�nd�r by r�sc�n nf suclx �iry� by �it,y �nd City°s a�ents azad �n�lc��t�„ �r�v�dt� �at t�ae ��es �aid by Sidal �h�,il abate ra'��ly af �u�it �ntry j�tat�rsaldy in#�,�rf'e� with th� �� u�'t��� ��p. ho aitc3ra�i�n �rf t�e R�rr�� shall t� rtaac��: b� �ic�s�l w��c�ut �z� �arior cons�nt c�f �ity ir� 'tti�ting. 7. T�inarinr�. �id�i may t�,�tin�c t�i� Agr�cm�t by prov�d�ng �dvaanr.� r�ri�ten notice �af termi�ati�n t� �it�r �t� 1e�� that� o�e'�e�r�d� �wer�ty (� ��� �ays �r�i�r t� t�� �#'f'��iv� s�at� tef th� ���+�cat teYrnina�itrr�. ii#y nc��y t�rnxinat� ttt� ��r�ert�e�� w�� nc�tice at� SidaJ �c►t l+�ss �t� onc: l�undr+a� twrer��ty {�?0� days �rri�� �c� the e#��cti�r� date uf t��� Agr�n�r�t ��»i�at��n. �i�ai's �rarking rig,hts �ar�dcr th�s A+�n�rat s��il ��nin��� upcys� �xpi�°atsc�� �f �t�e �cnn. 'i'he �ar�ti� shail ti�e;cyut� �i �rceec�rd suc�� irtistn�ments as �sr�nabiy nc�s.�arv f�r �y s�ac:h ic.�mi�na#ic�n +af.n�ts. i�. �;�tructior� c���'re►�iscs. tf t�+e Rum� or a��txnn x�f'tt�� Ii.a�t� s�a€�t b� d�mm�gec� c�r �d�tc��d b�r a��}! r,.�us+� sc� � r� r�n�cr ft unfit fi�r tk�� �z�rkin� �es �t�cl to �fda� undc�r th�� ��n�n�, wit�c�ut the frz�lt c�r �n��I�cI nf t�e City c�r �ny ��r�or� f+�r who�e +cora��� tt�� Gi�y �nay 1�� �i�b1�, th� �ii�� sha�� ur�t��ke t� ��r :�u�h da�n��� €�r ci�t��uc:��c}n �# thc Cii�"� �►��� �x�ns�. i����v�v�r, i�31S A�areerra�nt sh�tt �rnait� ii� fult #'c�r�� and �f��� �c���o��in� su�;ix c�ama�c� c�r 696577.v2 A_2 destrucrinn, and the �"c+�s pay�ilc under para�p�h 6 of this Agr�em�ent sh�l nc�t be abatal sa Ic�n� a.s the �i#y is� �anduc�ng such r�pairs, bwring evida�c�c of a�ack of due d�fligence, and, provid+cd �rt�cr. thr�t the fcc� �Said by Sidal sh�tl a�iate r�tsbiy if such d�rtta�;e c�r de.s�ructitnn materiaLly inter�res ,vith �he r.�se t�f it3e �tarnp. If ihe destrucii+�n t�r dama�e was r:uur+�ci by tk�e t�c�ii�cnc�e �r iniencir,n� cc�nd�ct af Siciat nr Sida1'� agents, as�.signees, or emplc�yer�s, '�ida� shall be responsible for rre�pai�ing s+�ch c�arna.�;e at its sc�le expa�e and this A�mcnt shaU ran�n in futl f+�rce and eff�cx dur`�ng t�c c:c�ursc Qf suc� rep�ia�s� fallowing s�ch da�m��e s�r destruciic��, and the £ees payable under �aragraph 6 ofthis Agrc�nen� shail not be abatod. 9. Lit�t�ilic ��ad i�cierr�nit�. `t'ixis A�rnent is madc t�n #h� �cpn�s �onditican that, except fc�r injury c�r darnag� caused by �ity's r�egligence or willful misc�onduct, �ity sh�.t be fi�ee �m �11 riabilities, ciairrt�, obligatior� and dama�s ft�r t�r by reason c��' any injury �r injuries tn �ny p�etstin, pers�ns or �rop�rty of �rz� kirid of' �e�xrc whatsc�c.wcr resulti»g 9&�vm th� usc c�f xhe Rarn�r b� Sidal c�r Sidal'� a,��ts, assign�es, or employe�.s for a�y caus� what�oever d��ia�� i�c teim c�f thas Agre�m�rnt. E�cept fior inj�r�+ or ��mage �a�ecl by thc �'ity'� ne�JJig�nce or willful rnis�nduc#, Sidat fuu�th�t- agroes �nd c�v��#s to inr�+�ru�nifjr, �av�, hoid tiarrtYless and clefeud City fi�m al� iiabiliti�s, claims, �bYi�ations, dam���s, charg�s, axpenses ar►ci cc�sts, including reasanable attt�rney's f�es, arisiz�g caut �f �r �suttir�� fmrn the �s+� c�f' the R�rnga by Sicia� crr Sida!'s agen�ts, �ssignees �r �mployees. No�tbar�g in tkus Agrce�ncr►t sl�ll camstitute a waiver or limitaticsn of any i�t�nnrnunity ar [imitatit�n on l�ability to whi�h the �ity is enti#ied tmdcr Ivlinn�sata �tatvtcs, Ct�apter 4�5 c�r c�th�ce. "Fhis �ara�h s�.u^vives ihe t�,�rsninaticm �fthe Agr�rnait. I(�. Insur�nce, Sic�l sh�li, durin� the tenm of thc A,�r�nen# and any �ct�nsion #hereto, rnaintain �rnpreher�siv�e ��neral �ub�ic liability insura��c�e in.g�,uing aga�n� d�ath, pc,�tmal injurY �nd pmp�rty ciarnage �acucring as a result of or in c�nnection �vith �ic�1's use c�f thhe Ramp in a sin�le lirnit az�ount of noi less than �S�O,t� for pecsonai i�jtirry nr deatia, and not less than ���K3.{�+D for pro��y dama�e +��r any other cl�im, a�d nnt �� ch� S 1,5{�},� for any n�b�r af �taims �ising fr4m a single ac�t�n�n�e. Such ;xrsurancc poiicy shatl narne �ity as �n addi'�n�i it�sured, an.d �idal shal! provi� City, p�ior tt� t�sir�g nr subleasir�g any c�f t2ie �rking spaces provid+ed h+r�rein, �nci upcsn wri#tcn rc�u�i �ny tirt�e t�►t�rcaftcr, with �rt��r�t,� e�nidertc�t�g �ic�a1 is m�intaini� suc,h i�w�t�ce. Such itzsurance shall sisti r�uine tl�� ins� ee� giv� City a# teast 3D days pr��r s�rritttn nt�tice of thc canc�llation or terrninati�rt of said �mlicy, 1 l . I7efau�it. �, Any t�ne +�f the �'ollov�xig ever�ts shall r�a�st�tute and E�v�nt Qf D�fault: i. S�da� f�ils tcr pay an� installmer�t �f're�nt or �►ayrr��nt for real esta#c t�ces c�r specia� assessme�ts as p�rovid�l in ParagraPhs � and 7 of thi� .Agreement wh�n said P�Yment is due� and surh detault shall continue #or ;t� (1 t}j �ia�s aft�r �u�tic� from the City; ix. Si�dal v�oi�t� or f�s'ls to pc.�arm any c�f t2�e c�#her t�rtns, �ov�naz�#� uz� �nditi�n.�: �f tl�is Leas� and sucit de�auli shaU oanrinuc �or ter� {I0? days after nc�eice fram th� �"ity, unie.ss such default canr►a� be �r� in #he e�c�r+cise o�' r���otu�bl� 3 696577.v2 A-3 dal��;ut�e wit�it� sais� ��n �lt�� day �c�. in w��cli +ev�nt Sici�l �hai� he �Il+a+�+�i s���cl� �dditir�nai ��m� as is needed tc� �re suc� de#auiz �+�t�� al� due tiili�;�c;� �3, l� �ny Lvsn� c�f ���'�ult c����� a�ad ec�i�tit�u� v��i�ljc��zt a time�y cu�e as �rc�c�d+yd r�k�c�`�e, the t;ity ma�f �t its sc�i� c��tic�n kry r��Cten n�fi�i�e t� �idal ��nn�n�te ttt� t���.�em�ni �ffecti��ely immediatcl�l. 'veith+� th� passa�� vf t�me �ft�rr t�zc �osrcurrcat+� �+#'the Ev�t �af D�Fa�alt nt�r e��rc;isc byr t�e Cit�► �f �n�r n#her r�iT��dV �vith regar� to suc�r Evcnt �,f I}efs�ult sl�atl li�ir #�a� Ci�y°s ri�t� under #his pa��,�+r��h. C'. lf ���ent t��' �'i�fau�t �ecur� �s� tli� C'it�� r�t�ains �� att+��rney to �rns�cut� th� ��o�-c:ern�t of al� or �y �f the t�nr�.�, c�c>v�n�nt�; ��reernents t�r �.crnditic�s c►f tl��s ,��eem�t, th� +�il�ti�n �f �try fc�s nr iax� due ar tc� ���» c�u�, nr c�ther rz�hts �nd� t�ais A�r�er+n���#. Si� �,�rccs tc, rci�►iburrsc thc Gity, �`or #tie ii#y's r�ssQnabd� a+ktorn�y's %�es» to�ethe� v+ti� �ta� a��1 �c�st of'rrmai�tainin� any �et�on �rnm�nc�d in la►�r ur e�uit� by said attomeys �t�� th� s�tvi�� o�' the atttsrneys, ���hetiac:r �uit is fii�d �r ,nnt, Su� r�irnburtit,�rnen� s�l b�paya�rlc wit�i�thirly (��� ds�ys oft�erna�id t�i�r�f, �. U}�n t�rminati�n t�f th�s Ageet�t�r�t, Sida� s�ali v�c�t� th� �ttunp, and ren��ve a11 pc.�nal �r�►p+e�ty 1�1c�n�ir� tr� Si��l, its agents, a.�si�nees, or emplc�yees. 12. �'eermit 1�dministraU�n anci P�rkin� E�rfvrr`ement. "T"t�c +City sta��i �zunn�lly iss�ae �hirty �ix �:,��i,� �$rking �rr�its in 't�� �orrn t�f �tccer�berai �candS, c�alar +crrdet� to reti�c,�t th� yc�r c�f iss�tanee, t� Sid�l, ��dal shail th�n b� �esp�ns�bie �ar �11 +�ther aclani�a�t�tivc t�sk� r•clatad �t� �ae iss��anc.� ab: �tmits tt� ar�d �usz; �t`pu�its b� ��+� c�c��s�a�tts t�f {��il�ry FI�i� �"P�nit �ic�ld�s"). I�tc� �na�tr�cts fi��tw�crt 'Sida� �c� t�e P�mit �c�Ic�e�s sha�� ext�ld t�eyc�t�d th� term c�f this ��c�cnt. P�rrmit Hc��ders ni�y park in �ny �rea t�f t�e �am� desi�aatc� for ��ni� ��cin� exce}�t #'c�r t}z� �tpg�r ur��av��ed d�k rv�thin fc�rty-�:i��t �48� i��urs �f a snn,�v #�11. Sidal slaall prvvide written �nc�tice tct a�� t'cnnit �°i+alc�a� c�f �t1i t�tnss c,��ndyti�ns �d lim.ita�ions r��'#h�ir p�rk'sn�; �c�n�t umd�r this �,�rt�m�ttc. t�c�t��ran��au� ti�+�th �the e�ectativ� oi� any �ntract with � F�rmit H���9s�, Si�ai s�ta�1 �r�v�t�� u writt+a� no�ac� t+� t�lte Permit l�t�lder ihac herlhis �ermit is s��rj�ci t� the r:�v�,�ants, tean�s ��� �or�ditic�ns �f�h�s �.�re.��t, inclu�in�. wit�a4u�t ii�nitatic�n the City's ri�dit ta rr�vc�ke th� pernuts in t�c �c�c�tt c�f Si�i�l's cie�`�a�ic. �idai sl�all t�b���n � writt�n acicr�owled�e fz�om tt�c �'+crtnit ��c�1�cr �f th� r�i�t ���is �c�tac+� and pro��id� a co��v �f'su� ac%nc��tfii�g��r�t to tlie +City, �lt��oug�i Sisial need not pr��ide a co�y t�f t�is A,�rnent tt� �;a�� r�rmit �I�ald�r, it sh�Jl ��a�m�e #�e ag�rn+�nt av�ilahle tr� �he �'ernr�ii Ht�lt�ct� fvr x���ie�a� upcc��a r�u�st. 1'�a�+ougl�aut the terr�a �f this A�,r�rneni, Sic��l sh�l3 r��intain ��i�t t��' a�1 P�rznit H�►lders, �it�n� �u�t�h c�.ch P�rmii �1r�lc3�r*s mr�ilir�,� ac�dr�ss az�c� e-anail addr+ess, if'a�y. �ir�a� s��ll prov�c�e �iie City with a c3c��y c�f's�ar:h i3�t wit�zin thiri3► {�{�j tiays taf'dhc Cc�mm�c•�,�met�t Date and sh�l� pr��,�ide �n u�ated c��}� c�fthe lrst �t x��� �ad �#"cach su�:essivc sia: tt�c�s�#}i �er�i+�d. i3��n ��e ��rovisit�n �af a no�4e c�f tc�nninati��� of tl�is a�;r��ent for �ny reasan, incl��d�iz� deia�alt �y �ida�, S1t�81 �h�il� �s: Tt��C�t15i�3�� ��r tlt�ti�yifj� �Il P�7ltlat � �dld�t'� �Il�t t��C ��t;T7i14�S S�1#��I 11c� 1an,��:r be �+alrci u�ra�� th� t�zminuti�r� t+�'t��e ��ement. �ot��thst�nc�i��; tliis rc��.�is�mw�t, �he �it� 696577.v2 A-4 rnay r�lscf, ai a�y datc subsequ�t ta the prrovision uf the nflti�c of t�rrnination tfl efther part.y te� this A�ment, info�cn th�e I'ermie �-f�lders in writing �ha� the permits s�a13 no �onger b� valid upon the A�rc�cment's tennin�tian. 7'he �ity shal� %e res��nsible for ge,�eral ��►arkin� enforcemcnt in t�te R�np, but Sidai shall he responsible fv� �forcing thc t� af it� contracts with �he Pc�mit Huldcrs. 13. Notic�s. Any no�ice re�uired ar perrni#e+d purs�tant to the A e�nt �tll i�e in wriiing �nnd d�etneci property �ivcn: (a) on thc d�t� Qf persr►nal dcli�ery, or ��ecmptecl p�arsr�nal delivery if re%s�d; tb) t�� 1h� dat� the na�ir� is d�liver�, or �tt�npted �c� be d�liv+ered ift�fc�sed, by a re�utable ov�might deliveay scn�ice with proof c�f delivery +�r re�usal: or �c) t+n th� da�e c�f �ctual r�ipt ifb� c+eriificd mail, AIl n4tice.s sh�li i�e sent ta the address pm�rided i�lo�� crr ln such nth�r address dcsignated �Y P�I� n��icc. Rcfiasal tc� a�cccpt dclivcxy of a r�otic� or #hc inability tu dcli.+cr a nc��ice �ecausc c�f an add�ss �at was not pro�erl� given shali not dcfeat or de�ay the giving vf n�tti�. �. City ac�dr�ess for nc�ice purp�ses; �ity c�f Nogkins I Ol 0 —1 � Stt�et �ittth Hopkuxs, :Mi�i 55343 Atin: Gity Mana,��r B. Sidal address tar na�ticc g ses: Bz�ce P, Rubingtr Gea�eral F'artrt�r Sic� Realty C�a. Limitc:d P�artn+�ip. I.L[,P b73t! �Jalker Stre�et 5t. Louis Park, ,M.I+� 55426 l�. L�ws t3Qvemin�. 'I'�e �►gre�ment shat� be govemed by the laws of the State +�� �vl.innesota. 1�. Assi�un�t. '�ae �'ity rr��y assigri its rig�ts and obXi�,aitaon� undet this a�rct�an�n# v+�thcrn�� the consr..s�t of Sidai. Sidal shall'be allawed ta assign its ri�hts u�zder thi� P�,�r+e�ment (e.g., th� ri�it t� �ssign the indivi�ual permits tc� oc.,cu�rants a�f C�illery Flats), wi�aut �i�y's o�nsa�#, ta any �+ntity iha� cr*�r►��� is ccjn�lled by, or is uin�l�r common �contrc�t with aidat. As a conditic�n to an� permitt�d a� �t of Sidal's intcrest in this Agt+eemen� Si�ai s��l �r�wide ��ty with a wri�ten a�signrr►� tiiall's tint�st in �as A�x�me�t whereby th� �ssi�� a,�r�� tt� b� bc��tut�i �y and �rerf'c�r� a�l 4f the t�rns, cover��nis �t►d condiiions �af this ,��°��ent. �a assi�men# of Sida�'s ir�terest shall reiie�re �id�l flf Sidal's c�bligatic�r�s �nder #lu:� A�,r+eeme�t, all of whici� s���l su�rv�ve any such assigimertt. l�i. Waivcr. Th� failure a►f City# to enfcrrc+� an�r term, r�venant, cc�ruiiti��n ar bx�ci� �f the Ag�eecrncnt s�all n�x b� de.em«i a wai��cr of the righ� to dc� so #h�afie�: The acc�ptan:,� by �`ity �f p�ctial �ayment sha�.l nrat be deemed a waivc;r c�f any term, c�ven+�nt, cviiditi�jn ��r brc�a.�h o�' tf�e A�*��esz�c��. �Ic� waiver c��' an3� term, +r,�vcnant, c�ndition ar br�ach shal� �� �ff�ctiv� unless in writin,�. A written waiver of �ny te�m, �c�venant, c:c�»ditian �r brca�h of the Agre�m�� sh��i �te�t � d+�emed a waiver +�f any su�scqucr�t t�nm, �vez�ant, �:ondition or breach, vvitether such sub�equent 696577.v2 A-5 term.. u}tfe�����t� �:��nditic,n c�r t�r���:h is th� s�rn� c�r diitcre:i�t, �xc:��t �c ��cc��ied in �vr�tin� in �� �cjak�#e�: tict ��+�.iv� by Citv si��ll �x�t�stitut� a r,x��tit��r cr� sc���e�•ci�� ir�it�tur��ty «r �n}+ crthe� immuni#y f�tr� 1i�hi�it� prr�ttided fc�r t�y statut�. �his �at��a�al� s4zr-��ic��s tl�� tetminatic�n �,t`thr A�rc��i�r�t. I 7. Se�terabili . If'any t�t, cc�v�ziat�t. �r c�vt�ciitivn ��`t�ze A�re�tt�et�t c�r the a�plicdtic�n thereo� tu an�r �c�n ur circ�mstancc is, tQ �cny extent, invatid or �te�aforceubl�= o�r is� ec�ntli�t w�tl� thc la�v �#' t�� jurisc�icti��r�. the r�►�tin��:r c�f t�e A}�-ec.��:nt cF� thc �g�slicat�on t�f suc� ten�tt, c't�vena��t c�r �c�n�itictr� tt� p�rsons ur c:in�umstan�s c�t���r t3�� t��c�s� a� tc� �vlu�h it is t�elc# invalid c�r u��cr��'�rcc;,��Ee, sh��l �at �e a�'�cted and eacl� tem�, c.e#venas�t �r c��c�rti�n c►t`th� ��c�ncnt sh�ll t�c� ��a��r� �€ri� � ent'c�rccNci �c� tl�c: fulies� exts.�r�t p�nittezi hy ��r�r. � f�. Hindin,� �f�'ect. 'i�� ��eeement is int��dexi ta �►e �ind�z�g a�� the parti�s h�rezu sanc� E}i@Ei K�4�'�ffVt. FfS,�`+l��iii. � �i. £`c�unter�arts. �'��i� �,g�e��ent ma�� %e �xc� E�ced in �n}Y n��m�aer of'��ut�t��arts, c;aach �►ft�•l�ic1� 51:�t�I �'Tk'. t�t;�:itlL'(� iiIl ttTt�.ry[�.�1, �iut a!€ c�f v��hi�h 5h�ll �c�t�s�iii�tt� t�n� �d the �m� i�tstrutrtet�t, �;iA'1'�� � � � t��"�"�: I��`t"�: �'1`��Y {�E' Eit�PKi'ti'tii,1�1li�i�7�SU'�'A . 20� � �3 : � -*` ` Y 3 c�st Ci�dd, �'I�tiittr �� �.��c� .2t�i9 �' �� � �rt��can. �it�r 11�an��;�r S[i�A�. �t��.I:I'�' �"E:}. I�t;��.l'I'�;�3 t�a�T�t�:���[t�, i,t{�.� ,� � , ?c��� ..,�.� { � ��� r �t�'��na Pa�t�t�r 696s��.�2 A-6 D�wntown Parki ng ap k.:1r,., .. SDU 1STSTN Z � w �� w _ .�i Q .. Q � I=— � - � p � ��� S�OA 400A � � � �11 > = 4DaC = H � � �177tT! 4008 �:�.ix� i-xri __� MAIfdSTREEf � � 15T ST S Lot t❑cation Duration 200 20 8rh Ave. S. 3 hr ;`: bluck south oFMainstreet �p� 16 9th Ave. S. 3 hr % 6luck south ofMainstreet �4 26 l Oth Ave. S. 3%2 hr Pramp between 10th � 91 th Ave S [j ,Around ramp—south 1 hr A& C Around ramp—north � southeast 3 hr 5a� 10 10th Ave. N. 1%z & 11 th Ave. N., '/z block north oFMainstreet 3 h r ' A 91 t� Ave N, '/a block north af Mainstreet 3 h r ��� 11 10th Ave. N. 3 hr 10th Ave. N., %2 block north of Mainstreet �o� I 14 8th Ave. N. 3 hr � bfock north ofMainstreet �$� �7 9th Ave. N. 3 hr outh af 1 st St. N. otj`'.9th Ave. 8�0 102 10th Ave. N. Fr�e �_ LLNW intersection with 1si St. N. Total ParkingSpaces in Municipal Lots: Er�forceme�t Ho�urs Municipal lots are enforced Monday-Friday, 8 a.m. to 6 p.rn:., unl.ess otherwise posted. Parking itevenue All re�en.ues derived from parking fees are dedicated to the parking fu�d, which is used exclusiuely to swstain the existing parking system and provide future p:arking lots. Tota.l Permit Spaces Spaces 67 1 �i 69 36 380 200 5 NONE 29 NO,NE 96 NONE 21 NONE 137 26 %3 NONE 37 37 �5 NONE 1,009 315 ^�' �,r'�-_ - - •-_• - �� � - - �:.,�'4- :' - -- ��__ -• � - �_