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08-22-22 LPDC
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08-22-22 LPDC
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8/16/2022 3:40:38 PM
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City Meetings
Meeting Body
La Porte Development Board Corporation/Type B
Meeting Doc Type
Agenda Packet
Date
8/22/2022
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terms of this Agreement, including1) LPDCfunds spent by Recipient in <br />contravention of this Agreement and 2) any LPDC funds previously paid to <br />Recipientbut not yet spent by Recipient. In each such case, the previously paid <br />cash payment or payments shall be remitted to the LPDC within sixty (60) of receipt <br />of written demand for same. <br /> <br /> Any breach of this covenant shall be grounds for immediate termination of <br />the distribution of funds. <br /> <br />ARTICLE VI <br /> <br /> The term of this Agreement is for a period beginning on the date of approval <br />by LPDC and ending July 1, 2029. <br /> <br />ARTICLE VII <br /> <br /> All funds provided by the LPDC pursuant to this Agreement may be used <br />only for the purposes authorized by this Agreement. Notwithstanding Article I, <br />above, City shall be under no obligation to make any fund disbursements if the <br />reports required under this Agreement have not been delivered to the LPDC. <br /> <br />ARTICLE VIII <br /> <br /> This Agreement does not create any joint venture, partnership, or agency <br />relationship between the LPDC and Recipient. Recipient shall have exclusive <br />control of, and the exclusive right to control the details of the work to be performed <br />by Recipient hereunder and all personnel performing same, and shall be solely <br />responsible for the acts and omissions of its officers, members, agents, servants, <br />employees, subcontractors, program participants, volunteers, licensees, and <br />invitees. In no event shall any person participating in or performing any of <br />servant, or employee of the LPDC. <br /> <br />ARTICLE IX <br /> <br /> Recipient agrees to assume and does hereby assume all responsibility and <br />liability for damages sustained by persons or property, whether real or asserted, <br />by or from the carrying on of work by Recipient or in the performance of services <br />performed and to be performed by Recipient hereunder. Recipient covenants and <br />agrees to, and does hereby indemnify, defend, and hold harmless LPDC and all <br />their respective officers, agents, and employees from all suits, actions, claims, and <br />expenses of any character, includi <br />account of any injuries or damages, whether real or asserted, sustained by any <br />person or property by or in consequence of any intentional or negligent act, <br />omission, or conduct of Recipient, its agents, servants or employees. <br /> <br />ARTICLE X <br /> <br /> This Agreement may be amended by the mutual agreement of the Parties <br />hereto in writing to be attached to and incorporated into this Agreement. <br /> <br /> 5 <br /> <br />
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