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Home My Public Portal AboutORD11953 �.,R,�,,, �` yh N ��WM li�fl-�' 6+, -r'r '�s>;-fi�"t� . k�J�4'��''��u`',F• �`}�`33't"Ah'��}`1�•��kfii� `r-+.v. BILL NO. 93-70 SPONSORED BY COUNCILMEN GREEN AND NILGES S ORDINANCE NO. 11953 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH CAPITOL QUEEN AND CASINO, INC", A WHOLLY OWNED SUBSIDIARY OF BECKER GAMING GROUP FOR RIVERBOAT GAMBLING DEVELOPMENT AND OPERATION. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, ' AS FOLLOWS: Section 1. The Mayor and City Clerk are hereby authorized and directed to execute an agreement with Becker Gaming Group for riverboat gambling operation. Sect_ ion 2_. The agreement shall be substantially the same in form and content as that agreement attached hereto as Exhibit A. Section 3. This Ordinance shall be in full force and effect from and after the date of its passage and approval. Passed: Approved: K LPre�sOfficer "Ma ATTEST: 4 .City Clerk ti 1N< y�.�+ .t f� Yk .�.,N.�E2E.. it`s: 1�`i'tX4;`+ t. .-. _..... ----•—' X11.YWi„ ................................. ?..........'.....................1.•:: i :} •:::••: :. .... ..:•::. •:: .. .......:...::.�:.�.................................................... . , .. •:: ::.:' ', •:;.:• :•:.: � •:•:;.;;:•.;�:::•:::.�::•:�::•::•:•:::�:•::•::•:;�:•:::�:•:•::::•::...;•:::�:�:::�:.�::'t't� ISSUE DATE n�w�f , . .........::::.: :::...: .�p:�w.r:• :. {/.. .............:::.:::::.:.::::.::•.: :::...............:.:::::::.:•.:.::: (MMIDD/YY) y ::::::::::•::::•::•:::::::.:.:::::::::::..•:::::•::•:r::f ii:•:`i•:•:i:•:•:ti:::•i::::•::•:::•::•.}:.::.::•::•:•:::::•::::•::•::::::i:•:•:::.i:':::::•............ .::•iii:ii:•:• :..:::.:::::::::•:::::.:.::::.:.::•.: 3/01105 PRQDU t THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND . �v :,, CONFERS NU RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES MOT AMEND• EXTEND OR ALTCR THE COVERAGE AFFORDED BY THE ' Knorche►Insurance } _1 COMPANIES AFFORDING COVERAGE P.O. Box 19a9 CO r •'- COMPANY n ng Las Vegas, NV 09126 LETTER Landmark Insurance COMPANY' "s ? ' Commerce& Indusrt INSURED LETTER B Y Backer Gaming Group, Inc. COMPANY //��, t,l i r Ir tJ V l:,i LETTER C TIG Capitol Queen&Casino,Inc. COMPANY 9f, 1021 E. Flamingo#16.13 LETTER D —� ( t :: Dates: Las Vegas, NV 89119 COMPANY - LETTER E THIS NDI IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN 153UED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD -• INDICATED.NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISx.;"I EXCLUSIONS MAY O ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. ' CO Mm LTA TYPE OF INSURANCE POLICY NUMBER POLICY EFF. POLICY EXP. ! DATE(MM/DD/YY)DATE(MM/DD/YY) LIMITS x A GENERAL LIABILITY SLGL2820201 3/01/95 3/01/96 GENERAL AGGREGATE 2000000 X COMM.GENERAL LIABILITY ; PROD-COMP/OP AGG. 1000000 77-7CLAIMS MADE X_IOCC. PERS. &ADV.INJURY 1000000 fi:':: i^""5,t•: 1 OWNER'S&CONTRACT'S PRO X $6.000.SIR EACH OCCURRENCE 1000000 et Pf $ ?rsis { FIRE DAMAGE(One Fire) 50000 � c�•xs`;I'r';`?.,',1;;:-z MED. EXP. One Per Excluded B AUTOMOBILE LIABILITY ERAL2843676 NY AUTO 3/01!95 3/01/98 COMBINED SINGLE 1000000 Gt'� X LIMIT u. LL OWNED AUTOS CHEDULED AUTOS BODILY INJURY +" ' X HIRED AUTOS (Per person) ,�• X NON-OWNED AUTOS BODILY INJURY i GARAGE LIABILITY (Per accident) S' PROPERTY DAMAGE C EXCESS LIABILITY X MBRELLA FORM XL89751047 3!01/95 3101/98 EACH OCCURRENCE 10000000 THER THAN UMBRELLA FOR _ AGGREGATE 10000000 WORKER'S COMPENSATION STATUTORY LIMITS :?::;;is?:•: `.t::::;:;::i:: AND EACH ACCIDENT ' EMPLOYERS'LIABILITY DISEASE-POLICY LIMIT OTHER DISEASE•EACH EMP. DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES/SPECIAL ITEMS ;1 ....................................::: ti::::::i :i:i?t;i;:t4:+iii''ri;:•::::::::::•:•:::•:::�:•iii:•:•i:::•::•:�::•:•::•:;::•::•:,..; ...,....:•..:::.;.....,..; tOfl�fi4.....:::::• :'::....:::::.,............:.:.:.::• .......................... .: . • ....,....:.::::::: :.:.::::::::.::::::::.;................................... SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE 'Y S` EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO ? City of Jefferson City MO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE ;2 LEFT,BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR Attn: City Adminstration :> LIABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR REPRESENTATIVES. e Jefferson City,MO 05101 ? AUTHORIZED REPRESENT TIVE 1 ,t U .5. 7190 ': :;:;;:::i5i::�;:;;�::�:°:�.�`�i:;� :�:<;;�:;;:•>::;_;:•:�::�::::;:;�:.,;...,.';;:�;:�;:..:..:::.: :.:.:'::...:::.:::,::•:: :..., .......................... . ;::::::.,•:::;::::;:::::;;::;::;;•:: ::,;::;;>;;:;;:;:::<;:;:::::':;;';;•.:::::•.:•:::::...... Xs �- Ah M i k �, f�. �7 YM•3s 2 1�,.. ( +i t + t. s t t`� T^ + _� t• [} k• w±'� !'+ vp,G4yI "S> 2.+�r i 5 x �Y `fit j t5) 1 fx i �. 3 + ik'}+, ' J'•f �•I��'tp' }j�4.5. I• YV Il!� r r �sg rc �a• t� ,+ S y �� } '^^»1 t h . � 'r' t.al t`..: {+^� t . �,�n•�,. f}''i'�{�/�' iVlt�'ns f'�S:� r 7 fl 1 +,. 4 1 q s„3 t'St , ( .. �7yT��}}'��``.r'� i .'•'� i'> k„� ;t f 1` '� t =E E S° e t'°I `td �I ' G n+a�i�AS�11�' � -�•. i' + �� t :+, ,� .� I' .5 �r f.ty�t'`� i, t1f dt W >z.y4Ai tr� �t �Vari tfi tt X51,�t�r t r t +,l�a+ �y ( � ��l I;t tt �`r}•j �.rt n� . I�r >1 �t � i Vv !1 1f�3k��a�F:+ . �'� , }�ir�/5t Jf, 4 r K�" +'t. l �.•'#t (` •"t ' ': i .i'a YYy�,iit¢t. j,.t D� ,� �'. � / �.� h � t# F i S2 f/ .y if .I .4: �� ✓I ry t: i•!L>rk r -'.p`t a�a1�'biggyyK;;t"1.j./.� t t 1/ + 1j t bJi It t , it• .. � :.t ) �1Ci -.F4�'!;'f> "i�.�,�!i; )'. "5;.� ,r��,,},. t, _vgfh -`r� v{: :� i,l� 4s.� t i+:y,i F A t:,�,FA��`• ...„r. f�7Ui ..,,s. __ .,.� _' �_ .,�`..c�u.t:rtt.:c� a�a�u..:>K_i"i_r�.;•s } ' Supplement to Certificate of Insurance dated 03/01/95 t, J' Issued on behalf of Becker Gaming Group, Inc.; /Arizona Charlie's,et al E" 03101195 to 03101196 Named Insured Schedule ;y The following will be included as Named Insureds: ,. Becker Gaming, Inc. Becker Gaming Group, Inc. dba:Charlie's Lakeside Bar& Grill 't dba:Charlie's Bar dba:Cantina Charlie's r ' dba: Charlie's Saloon dba: Cariba Charlie's dba: Charlie's Bar#6 Charleston Heights Bowl,A Partnership Arizona Charlie's, Inc.,A Nevada Corporation dba:Arizona Charlie's Hotel &Casino Sunset Coin, Inc. Ernest Becker,Sr., Ernest Becker, Jr., Bruce Becker& Barry Becker Individually t ' Becker Vending Charlie's Land Company(as landlord for Arizona Charlie's) Capitol Queen, Inc. !ADDITIONAL INSUREDS The,followin®will be included: This policy automatically extends coverage to any other person or organization as;an Additional Insured to the extant that a Named Insured has agreed to afford coverage; subject fo-the terms and conditions of the policy. Authorized Representative "di'w ., i ..'S • } t c, tY z.,...... .. .� t e. ,q`..yu` ? '�t..ei 5,. �+ 5 ' yy.. r ._ _. _ ... bjl til}'�", s ,gyp t- rY a bt k}}177 f fi`z �,en k" Mt .Hy�Y {tyr M ANN" ,�_.. v, RISK MANAGEMENT CONSULTANTS, INC. 1621 EAST FLAMINGO ROAD, SUITE 15-E3, LAS VEGAS, NEVADA 89119, (702) 369-7475 May 11 , 1994 Mayor Louise Gardner City of Jefferson City, MO 320 E. McCarthy Jefferson City, MO 65101 " RE: CAPITAL QUEEN AND CASINO, INC. BECKER GAMING INC. EVIDENCE OF INSURANCE °w. Y'3 ` Dear Mayor Gardner: , 'tM We are Consultants and Risk Managers to Becker Gaming, Inc. and to Capital Queen and Casino, Inc. Etal, and write this letter in this capacity. ,4 Enclosed please find a Certificate of Insurance issued on behalf of the Landmark Insurance Company and the Interstate Fire and Casualty Company evidencing General Liability, Automobile Liability, and Excess Liability for Becker Gaming Group, Inc. and Capital Queen and Casino, Inc. , issued to the City of Jefferson City, Missouri, Providing for the following: General Liability Coverage $ 1, 000, 000.00 per Occ. $ 2, 000, 000.00 Gen Agg. Automobile Liability $ 1, 000,000.00 Excess Liability $10, 000,000.00 This Evidence of Coverage is issued pursuant to Article 1.3 of the Riverfront Development Agreement by and between Capital Queen and Casino, Inc. together with Becker Gaming, Inc. and the City of Jefferson City, MO. Also enclosed is evidence of Missouri Worker' s Compensation coverage. The insurance requirements of that development agreement provide that the Contractor obtain and maintain specific insurance coverage relative to the project. As you know, Becker Gaming is in the process of choosing a contractor, and once chosen the contractor will be required to produce Evidence of Coverage consistent with that outlined in the agreement. Upon receipt, same will be provided to the City as required. , .. . ..* i .r�. .ter s. i�4 _,,1 ��_ "�r.•_\_ ....... ..,.�`.s'NI'�n^. .�..�a.:zurr� * a 37� i `l Mayor Louise Gardner City of Jefferson City, MO , May 11, 1994 Page Two In the interim, we trust that the enclosed Evidence of Insurance meets with your approval, pending Evidence of Insurance from the contractor. Should there be any questions in this regard, please do not hesitate to contact us . Thank you. Cordia RIS GEMENT CONSULTANTS, INC. . STEVEN KAWA KSK/bak u . Enclosures CC .w/enclosures: Dave Johnston , City Administrator . 320 E. McCarthy Jefferson City, MO 65101 Allen Garner, City Counselor 320 E. McCarthy Jefferson CIty, MO 65101 Bruce Becker Ron Lurie Jerry Griffis BECKER GAMING INC. S�.s •-.�'� . _ `T\ir. 'n'`..r ] , .�� .. .x rt �• �'R.'.r ;�. ,."+X'_ N$_...v:�l ?.;a..': t`.. i. .:� ia.h,;,e�'"P��?w.t '.l1s.`� .. _. . _ _ ... .. .............yyyu+,u+ .........................::::::::::::::.::::::::..:::::::::::.:.::::::'•:::•:ii:::•::i::::•::•::::•:':•::•:::•::::•::::•:::•:::•::::'::�•::::•::•::•:::'::•:::; :,;::':;;::•::i•::::•::}ism:•:'r::•i::::'•'r:i•::':•:::•i: •::.:'?:•:....i:..... r:i':i':'ri:'i:•i':::•i i•:•i:i�:,.....;, ................ / .. .....X.::::::::::: ::::•::............................................ '•::•.. .. . :'. .. • : : ::;>:::::::;::;::::::•:::::•..........:•::• ISSUE DATE(MM ODlYY) ..................... : :.: .:1 �.. ...1.:. •. :::! : ,. :f 1....:.:::: :RUN:: :::.'::•.::•:::::::::.:::.....::•:::•:;'::•::•::;:::::::::. 5/05/94 ...................................:...... ... . i ' PRODUCER ETHIS ERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND RS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE NOT AMEND.EXTEND OR ALTER THE COVERAGE AFFORDED BY THE LOW Haercher Insurance ' COMPANIES AFFORDING COVERAGE P.O. Box 1868 s COMPANY Las Vegas, NV 09125 LETTER A Landmark ins. Co c� ? . . :. COMPANY p B LETTER Interstate Fire & Cas. Co. .� INSURED 6 COMPANY Becker Gaming Group, Inc. LETTER Capitol Queen & Casino., Inc. COMPANY B 1621 E. Flamingo $15-B LETTER D Las Vegas, NV 89119 LETTERNY E i f C' c ::ERA' 6..;:.:.<::::•.:'::;•:.•::::;c•:;.:..::.::::':'.'::•:;:.,..;:.:.::'.<':';.:'::':.':'•::::':?,:'..'.'.:•.:::'.•:.:'.'::.:.;'..;,.;';.::.':.'.':.:,.•::.':.<,::'.:.':.'::•:.';..::.;:>::':::':.':;.':.'.:•::.':.:...:.::.:.':::;;::':'.::'.':;':.'.':>.'s. .:':'.:;•.:':.:•::.•.:•.'::�':.':.'::'.':.'.::'.".'; :" ;; ::::':::.•:.<:•:::�:.•::.•.:;•:.:11 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD q INDICATED, NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, " , EXCLUSIONS AND CONnITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS, }r {• CO TYPE OF INSURANCE POLICY EFF. POLICYFXP. POLICY NUMBER '> LTR DATE (MM/DD/YY)DATE(MM/DD/YY) LIMITS A GENERAL LIABILITY 3/01 94 / / $ ` 4 SLGL282$039 / 3 O1 95 GENERAL AGGREGATE 2000000 ?Y ,�. PROD-COMP/OP AGG, 1000000 7. v X OMM.GENERAL LIABILITY CLAIMS MADEQOCC. PERS,8 ADV.INJURY 1000000 �"� •• WNER'S&CONTRACT'S PRO EACH OCCURRENCE 1000000 X•• SIR - $5,000. FIRE DAMAGE(One Fire) 50000 ; EXCLUDED MED.EXP. One Per) r A AUTOMOBILE LIABILITY SLGL2828039 3/01/94 3/01/95 COMBINED SINGLE 1000000 ANY AUTO LIMIT F X , .: 1' :a, ALL OWNED AUTOS BODILY INJURY 1. #. ,1 SCHEDULED AUTOS (Per person) �c X HIRED AUTOS BODILY INJURY (Per accident) f` X NON-OWN ED AUTOS GARAGE LIABILITY k; PROPERTY DAMAGE �i ,,. B EXCESS LIABILITY UM01002013 3/01/94 3/01/95 EACH OCCURRENCE 10000000 X UMBRELLA FORM AGGREGATE 10000000 OTHER THAN UMBRELLA FUR STATUTORY LIMITS...'.'. ' WORKER'S COMPENSATION EACH ACCIDENT AND DISEASE-POLICY LIMIT .s. EMPLOYERS' LIABILITY DISEASE-EACH EMP. OTHER DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES/SPECIAL ITEMS �y a l. s:::I.r.t.E...R...`.t'I�IC SA TE:?HO.LD.�R.:::1:•:::.;;•�:.�::,•:.::;•:::,1,1.;:`.,:::`;•:::.::::::•:.;•:�1•1::•:;. -':^,,::::'.::'. . ' . LA.:..T...I,Q...:.N• ..:>::•::::::.:•.:tl;.::t.•;:;:::::::;:;:::::::::::;:.::.::.;.•:.:::::'•::::::::::•::•.:......... :.......... .. • :•:::..::' : : •. . : •.:.:.:.:•.:.:;.•.:.:.•:.:• .::•: ............................. .................. ........:...:........:::..:....:......... ` : >1;:; ;;..::::;:;;: ......... ....:......: ......:..:: :::............... ..............- :.. ::::,.:: : CANCEL : . SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE G EXPIRATION DATE THEREOF,THE ISSUING COMPANY WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE t City of Jefferson City MO LEFT,BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR Attn: City Administration LIABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR REPRESENTATIVES. AUTH IZED REPRESENTATIVE #( Jefferson City, MO 65101 .::ACOFiD 255' 7790 ;.': ::::;:;:;•': :;•: ..;:•::::::::•::.:::. ;.:.. .,.,.... 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S .s ',r.!,,.1•iii: .;CY•',s'tn"'�!44'r': :kit$ G,,,i+t,r �j.`�RS,.n,i �; � y �. ,� y�y"tKi "�I,E-r ?ra :L l�, .#, r'�•. 4 f,� +#�i Pt��f4`'�['�i1r21�'4�,'�,k!'�+Y��'�ki t}P, y�. X+gr,,'�✓:•• �j �fi' '� t:r � .ea , ��£?�r'��:'� f,t � } iJ t � ..':'` ;.;.) • K, .. + ` i irnS.3,•tirrl t�i*'isr k',itr d.�'rY , ; 4• ��'IY�y.l�t�'A.�1v� (., ,! I r� C( tr�.'�'�.'• �L '�i:. y,.;f:.''• �,1 i�' t t p•1 A-11 S { r. r.. -t'. �' � t�i.,:.x-5r�, .� �ti. P1+_� •"t,' �. s 4'.. .��. a'�� F x �I ta•r �{ .A � !�3'�i1 ..c��}�`�rd i ��•Sk�t ' � � '+ �2(El�, `0r J F a.'q� 'r�.''� 'S �fi �j,•,r,iJ yrj Fst *�?,�i� ^.fit.1��;-`!.,f� �� i� 31 Y..�� `j, �i�({��('}�: "�t �`��A,,��r�� "��"��,��,�'3�;�,�3�;��C��3'7�r ��}i� !dti�'�r�)��,z�}�`t ,'�1�;�uy��±+$'[,�`rt}"�:�,z;��r"�j��•�.', �� I � ti � h, •1�+i'!'�'f:� .Pb'3 � 4'ir .� �,Y} �r.� r ,��'1, .�� Y- �'; `N fp.i"P�C �'.%�n�.y`S"i[4 +l;�. }• _� � `tip`• Y`��,.�r�:¢'• ��, �ki�a�'��%�!�>:°'�1� ;�t� `"'� , � ,•F; s � ,n ,- �; 1 �r, 3 ^4 t. ARTICLE 8 EXECUTION OF DEVELOPMENT AGREEMENT . • j 15 • • 15 8.1 Time and Date of Execution . . . . . . . . . . • . • • • . . . . . . . . . . . . . • • • . . • • • • • • 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . 8.2 Place of Execution , • , , , , , 15 8.3 Method of Execution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . >. ARTICLE 9 TERMINATION, AMENDMENTS AND WAIVER . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 : 9.1 Termination after Execution . . . . . . . . . . . . . . . • • • 16 9.2 Notice of Termination . . . . . . . . . 17 9.3 Remedies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . 17 " 9.4 Method to Cure Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ' 9.5 Effect of Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.6 Frustration of Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . 18 9.7 Amendment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . . : 18 . . . . . . . . 18 q�� 9.8 Remedies Cumulative . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 .�. 9.9 Waiver . . . . . . . . . . . . . . . . . . ARTICLE 10 "+ .19 a EFFECT OF DEVELOPER'S DEPARTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 10.1 Ceasing Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 F . Developer . . . . . . . . . . . . . . . . . • . . . . . . :> 10.2 Marketing by 19 10.3 Marketing by City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �. 10.4 Restoration Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ARTICLE 11 DEFINITIONS OF TERMS USED IN THIS AGREEMENT . . . . . . . . . . • . . • . . • • • 21 y� . . . . . . . . . . . . . . . . . 21 11.1 Definitions . . . . . . . . . . . . . . . . . . . . 3M Y 3 x a� y ';sat• , .�wt,`T7. r ,,. .�.�#•1"`4c^S l .• �,tF xt :: k R s ..; 1:��i� � ';.�''� r�.� 4.'�,•"��' �",;,x••yy.�;,�r`�„-, ,r f .."�{ri��*i�r.'n , �'�i �_h �y�,{,. y, ,"��'f r f a a+ ;�Jt{S 1,: .'' f... �; ,..Jb •.r�. e.w JS�Wr"'v� ",'1+'.' f x:, ARTICLE 12 . . . 22 . . . . . . . . . . . . . . . . . . . . . . . GENERAL PROVISIONS 22 12.1 Term of Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 12.2 No Agency of City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 12.3 No Agency of Developer . . . . . . . . • . . . * . . . . . . . . . . . . . - 23• Developer . . . . . . . . . . . 24 12.4 Indemnification by D . . . . . . . ation by City . . . . . . . . . . . 25 12.5 Indemnification . . . . . . . . . . . . . . . . . . . . ajeure . . . . . . . . . . . . . 12.6 Unavoidable Delays/Force M, . . . . . . . . . . . . . . . . 26 27 12.7 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 12.8 Eminent Domain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.9 Assignment . . . . . . . . . . . . 28 12.10 Time for Certain Actions 28 28 12.11 Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q Partnership . . . . . . . . . . . . . . . . . . . . . . . 28 12.12 No Joint Venture or Par t to Cooperate . . . . . . . . . . . . . 12.13 Agreement . . . . . . . . . . . . . . . . . . . 28 28 12.14 Governing Law/Venue . . . . . . . . . . . . . . . . . . of City and Developer . . . . . . . . . . . 12.15 Consent . . . . . . . . . . . . . . . . . . . 28 o Contest Liens . . . . . . . . . . . . . . . . . 28 12ol.6 Right t . . . . . . . . . . . . . . . . . . . . . W': 29 12.17 Gender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ,r Effect of Attachments . . . . . . . . . . . . . . . . . 29 12.18 E . . . . . . . . . 12.19 Further Acts . . . . . . . . . . . . . 29 Action . . . . . . . . . . . . . . . . . . 29 6 12.20 Computing Time for ari . . . . . . . . . . . . . . . . . . . 12.21 Business Days . . . . . . . . . . . . . . . 29 . . . . . . . . . . . . . . . . . . . . . . . 12.22 SeverabilitY . . . . . . . . . 29• . . . . . . . . . . . . . . . . . . 12.23 Entire Agreement . . . . . . . . . . . . 29 t. . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.24 Captions . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 12.25 Pronouns . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . 30 12.26 Execution . . . . . . . . . . . . . . iv " �) ?z Vk7 r•� ty JF;x 1r}�{� t t r: ( i �r v� . f Y Y4 I,I t�:, t I¢ + �. ) q�C sl ur 1 •et a �I - x r x., r f , (§' '< �'±1;f�)' 'f�: ;t 'f. ', �� sS RIVERFRONT DEVELOPMENT AGREEMENT This agreement is made and entered into as of the day of 1993, between Capitol Queen and Casino, Inc.,a Missouri corporation, _ g together with Becker Gaming, Inc., (collectively known as "Developer") and the City of •r, Jefferson, Missouri ("City"). ` WHEREAS, City determined to entertain proposals for the riverfront gaming facility n. -t (hereinafter "Development") to be located within City; and ; WHEREAS, the City's Invitation for Proposals was intended to promote the general welfare and to encourage capital investment within City by qualified entities; and WHEREAS, Developer, in anticipation and furtherance of its response to City's �:,ro . Invitation for Proposals,has acquired approximately eighty(80)acres of land along the north ,,. shore of the Missouri River within City which is a suitable location for Development (hereinafter "Development Site"). Further, Developer entered into an additional agreement ' with Jeff'tel, Inc., a Missouri corporation (hereinafter"Jefftel"), which acquired and agreed to provide to Developer approximately eleven (11) acres (hereinafter "Center Site for the •,�,.I development of a Convention Center; and 4 i WHEREAS, Developer submitted to City a written proposal which, among other matters, proposes (1) the construction and operation of Development which incorporates a N-11 state sanctioned gaining facility and riverfront docking structures and associated support and 1: entertainment facilities on Development Site and (2)a Convention Center on the Center Site; ;rr and �tF "' JJ r�. WHEREAS, after due consideration and deliberation, City's Finance Committee on April 26, 1993 selected Developer to develop, construct, operate and maintain the Development i - and Convention Center; and WHEREAS, after the recommendation of the City's Finance Committee, the City Council met, and selected Developer to develop, construct, operate and maintain the Development and Convention Center and through the adoption of Resolution No. RS93-7 for the riverfront gaming facility May 24, 1993, City determined to entertain proposals (hereinafter "Development") to be located within City; and final.agm 8/18/93 k t� `• i. t t t 2 S !J ' i r i !!rt(r. 14� .r~Sf +�,t t �,,�r1y�� C`+`•�`.• .'n t} � � �� 9 �`ryT t C.Q� '� `i'��r SifA'•`! � 'kl r ., � r+ � Ti 5� � fi .F /v .S ,�.FF•�'4' 9M �2T��,� � � tt�s + .� � rx�fi r f 1 b.rG t r �i F �•�"'� '� c p SS2 . �;'v �, 5nva. 4 t d riir '1 �. n k t s i `1d .a'?ar n t f -}'`Y°d r i�• A + ritc�rf i r3,�'tvflw3'�} ,?�• f li�{:Y 1 ,�<.r � jk }'' Yr n+N �'vt.? �r �x`}'vlrayt' s._»: f' - �• '�6-'T dS r �, +��'}' 'S +? c t r ,f s r d} a ti r �e ay'+• t. it s� <.�2 b� tr a £ S 7r4a� i!!t' Lxro Yrt arc 2 to -j ffr � ' t ��j ' r �✓ ..„,y 't lt1 *, ;� w � ?,�`6 EcS�r t�,3+��+rr�1✓`'�,5 J ,.1v, 1i {'t3 � III" y r .. . . ,, i t�- ,..` J"�• r'x,' .�n�" jr: r' y, � a�r�i .?' _ _ -- _. .__. _ ` _ ,w . ✓ ,.,. .._ _ ..Y.Y..i.L�p-.e9CatJilhi.. .fdh.a.L tJ:.l7.F«u t "� 1fFf� a. {� 1 �K t•Y�i 4�.MF.itY`StiMfiTMIMIIY ei > 3 J:�: rs r, r � , X;&.'M>3, ,U`hi4��,. 9 #,b WHEREAS, City has agreed to recommend to the Missouri Gaming Commission and does agree that Developer will be the gaming operator in City; and WHEREAS, City relied on the following representations in selecting Developer for recommendation to the Missouri Gaming Commission: (a) The Development Site will include 42,000 square feet under roof with a substantial deck; and r' (b) The Development Site will include approximately 60 acres of open ground �s with adequate parking; and (c) The riverboat will be 51,000 square feet; and t4 (d) The Convention Center will be 35,000 to 45,000 square feet; and (e) Developer shall maintain a total advertising budget of approximately$1 million per year; and (f) City will receive cash and other benefits worth $1 million during Developer's first twelve months of operation; and Developer will donate certain proceeds from a grand opening activity to the local United Way or other charity of Developer's choosing as permitted by law; and J � WHEREAS, as a condition to granting Developer the rights to carry out the Development, Developer will be required to provide for the development, construction, operation and maintenance of certain improvements and facilities on Development Site and : Center Site and to evidence to City's satisfaction that Development Site and Center Site have V, been acquired by Developer; and WHEREAS, as a condition to granting Developer the rights to carry out the Development, Developer will make certain Block Grants available to the City; and WHEREAS,the parties agree that this Development Agreement is contingent upon the " u Missouri Gaming Commission's issuance of a gaming license to Developer and Developer k obtaining any other city, state or federal regulatory approvals necessary to operate the Development contemplated by this Development Agreement. ' ]'WOW, THEREFORE, in consideration of the premises and mutual promises and covenants herein contained, Developer and City hereby agree as follows: -2- final.agm 8/18/93 'F 1`w M.s1 y �, .,r•rrro � � � '�Y �t`i H` 1 't StF`�Y .r R'T i^ i4�'77L"t't .] Fj i y.r ;rY t�i:Jt �Y $, a�� C� �•. ,• py�t t °yy,r� S�y+r t'2 t'4y Yi'tK� £cif:h,"ir+t3a of u nw;g `t ,rxu� 'k+�,�7•��a, �'�!` i yF?xr�a.s,r�� r`ydat r'tdd'�s�yt�;s�i' ksttN.�„ytiy v�.;tr ch}r,: t sM{��t busy F• , �T� S 7 qty c L5 c�5 ttlar w n r�!"'r t 1"t': 1,i r, E n-' t xT}� i f l 4t {rilt� r S dt�" 31Frtiurtf �c �t f ae t �t t�'�is U ff ��.r�'+i)�� v (�tr�'a� t �1 a ` 't§ qb � x �ti�f{ Z•�'{ aT+r C r r rt'111r,� 'r. .r,fl y `, L` ��. c.,- �tvt .�� l � A : fY t 1 3"{�y:x t.�.w +. r 'rti t: 't ...I.• 1. ,{ i 7 } n'. 'xys rf t - «f �.�r if �` Hwkt" UrkW�AthlAVWakak,y - 4 l uq , �S .. J. LIRTICLE_1 a ;'. REPRESENTATIONS, WARRANTIES P�NL��S�R_FP�MFNT.S OFD VESPER As an inducement to City to enter into and perform under this Development Agreement, Developer covenants, represents and warrants to, and agrees with City as follows: 1.1 Organization a TO tandin�of Develop. Developer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Missouri, has all requisite corporate power and authority to own, lease, and operate the Development and related facilities and to carry on business related to the Development. f tT 1.2 Authorized Representative. Until such time as Developer shall appoint an � aY�r �, alternative representative or representatives,p p Brydon, Swearengen & England P.C. shall be �'�fttk>;�*,,�� • deemed an authorized representative of Developer with respect to this Development Agreement and City shall be entitled to rely on the actions and communications of said entity to be those of Developer. 1.3 Insurance. Contractor shall procure and maintain at its own expense during the life of this contract: (a) Workmen's Compensation Insurance for all of its employees to be engaged in , work under this contract subject to subparagraph (e) of this Section 1.3. (b) Contractor's Public Liability Insurance in an amount not less than $1,000,000 combined single limit for all claims arising out of a single accident or occurrence, except for those claims governed by the provisions of the Missouri Workmen's Compensation law, Chapter 2$7, RSMo., and Contractor's Property Damage Insurance in an amount less than LJ $1,000,000 for all claims arising out of single accident or occurrence a g occurrence and$100,000 for any one YOM person in a single accident or occurrence. (c) Automobile Liability Insurance in an amount not less than$1,000,000 combined '��^. single limit for all claims arising out of a single accident or occurrence. ,yti,F (d) Owner's Protective Liability Insurance. The Contractor shall also obtain at its own expense and deliver to the City an Owner's Protective Liability Insurance Policy naming the City of Jefferson as the insured, in an amount not less than$1,000,000 combined single limit for all claims arising out of a single accident or occurrence, except for those claims governed -3- E.r flnal.agm 8/18/93 7777777"".,...,,�;�,;..+•.a.,w, =':i �'4 o r1•'M z. vi! Y +s�,(z{S•S�i`rs ( 4�: i{' !f�. Ik 4 z r t•�T.1 lS�r i�i Y"5 Ur.F>S P .�r-''�t'�`�s�7�P t,'4ti!}'}5 aj t,tk z,yC�t�?,4'. A'`,s�k dg,% �,,�f#,"r yi�y>e t't}�"7 i f tJ�}^�'�,.i'��t.^�7..'f•�a5"''i.�}�3 i�i1.Y,t;T,r,�j F d yy..,�,r r+,fri41sr�t r i t�c�k.,r n4''1!,;,fi#•.^��x 4:n},i tY!S'Y,a�ea 1rva'i,s!t �'1�tr f f��r{-t S ss r l.,.�{r'y v i tk n��.,i�y t:..5.d i t t 4Y�y E.�.•�+,'^.j�ji�,p�✓,y�S,i,r$`.,�,,5r��,? • !` +J. i�"� 2r� .� } `i, 7yy'K i�j,`L rt,4r 6r v i r ''tt iL!°hy:�+ n h .�,l�. +. 1}� p! r f •�. 1 tz )'arz 1 y 1�.h�`s't�•I if,� Attt �}Y �t it+,. t �. tY4 1 I ♦ 1 i r f tr ��P' -� h� i&. Fr. 'p5 ,ttiA '• v e� �'a C x uV{{4F4� F i Gt ' .+ rf .la ayp• { .t a t ° Y ! 11 t s iV :��t� $ �'¢n r .@1 if •�:'f- ��f<�'K��t gq�W�fl��l„s 1'�� 'f.;a s �rt y i v� 1 ` § � rf. ,i 14r .,i rb�t'�1z��r t y�F �� .. ... w.xa�ir.sv.aw..ii.et.isrse�vti,rrrwt�m�i�ia r.�.ner rrw�awdvrfs t y �`u ''t '. r'�' �~, i r i l� � £� ;;rjZ,i t`�'�r ti{ ,` 3 .`' ..,, r ... r 4bF� 7 ?�f4��."A�+�•�Si�.1. .x.•�„��a� At'., r x x.Y 7 f71 �¢ EttA t. by the provisions of the Missouri Workmen's Compensation Law, Chapter 287, RSMo. No matt policy will be accepted which excludes liability for damage to underground structures or by , reason of blasting, explosion or collapse. 4' (e) Subcontracts. In case any or all of this work is sublet the Contractor shall ;:? require the Subcontractor to procure and maintain all insurance required in Subparagraphs(a), (b), and (c) hereof and in like amounts. (f) Single policy. In order to satisfy paragraphs(b), (c)and(d), the Developer may secure a package or combination policy which provides the required coverages. k x,s } (g) Scope of Insurance and Special Hazard. The insurance required under1 Subparagraphs(b)and(c)hereof shall provide adequate protection for the Contractor and its az . ; subcontractors, respectively, against damage claims which may arise from operations under thisu;; �:.. contract, whether such operations be by the insured or by anyone directly or indirectly ` } ^` f` employed by it, and also against any special hazards which may be encountered in them�7 _,, , V"f y performance of this contract. (h) Type of Policies. All insurance provided for in this Article shall be effected and f- continuously maintained under valid and enforceable polices issued by insurers of recognized ' responsibility, licensed to do business in the State of Missouri and reasonably acceptable to ~ City. Nothing in this Article shall prevent Developer from taking out insurance of the kind and in the amounts provided for under this Article under a blanket insurance policy or policies r covering properties in addition to Development Site. rW. 1 biz (i) Cancellation/ModificationNntice. Each such policy or certificate therefor issued P by the insurer shall contain an agreement by the insurer that such policy shall not be canceled ' or amended without at least thirty (30) days prior written notice to Developer and City and 4]1 wording" such that the insurer must notify City of any such impending cancellation or amendment. 1.4 No Contract Defaults. Developer is not in default on any contractor agreement to which it is a party which materially affects or will materially and adversely affect its ability to perform its obligations hereunder. 1.5 No Litigation. There are no claims, suits or other proceedings threatened or pending against Developer which materially affect or will materially and adversely affect, or >R both its ability to perform its obligations hereunder. xp, k3 l+inal.agnl 8/18/93 M}' iiii k f 5 14 c tl tifsr<.• i tNt. . 2=� 4 "w Yr.x 7 i x,yr,.�x'y.,�N✓r y a � v tix° fit a r S 7111 4 r s z�K t�3 d c r '•~r �3� f ry s `� ,7Aa7, `� (,r ''�-� .t r a� 4 wfi Ott . .t 546 Aa txd''�� Af y`I Y:'1 "#7t`t ( yh t / � S �` � r;,.M `k y��'�u � �•��,�^.j�j.�?;}R�?(}��7�� .i` .Ts^ �)�CtT`�,as{1.r< �'2�.'is '�i�t ..}r G'x ✓', r�I t'�` �f,f� i 7 S sd �,.'k�tr^°�1a!1 �w�Y S ` D fr 2 C , r xF f .�etsx l f r t:R u j ✓a ate{ t,~,t r4'� F . jG 1 1 r 4`�� ns*a� a3Gir tfrd� s� Af4) x 1y1 r � T- .G i l f 7 5 x , t ca .x n �, d4.! ,L•.^. � �N:a yr; # � ..Y SS".x f.tixr j�. C �v 'r c• 1. s :Irn x s iyl .��/s' .n;:a%4s,, s. n 1 i+g 1 t�: if„� }. r. ti. '� i '' "rr, �..; ��srox� t r y,,�y �•,ft, ►.r3;t'- vim` 4 A: W :4YYS7e`,. 5:�+ i.: 4re.`=.. X�� t`t -"t 3 t-'--r"�^,mt ^.w�.r-•....�--,-• -�...—.-.-r-_..-,.--�-r.-e,.--..,. •-•--'�� -°'�r�r+mow—'^..•—•-----•---.w.v..,,. �# �t .r`�'�,. ` i I ,c1. tkip t t Ss�f; ;¢�" . �,� �.fs�ta��jfs 1 ,� Y r X t J 1 ! .;; ��:�,�`�r .. f^ �S.r.^.:tia4.�!�5k�!i'� 'lte'r.�� "�1z,r A:�:��• X �: � £�,n�ziy��K:��Y�.``upw'x3u:n:+�•w,dl"'�a+»++r':+Ak+da�hr't6+�'1M4>tl'S #�Stafi�w:,.«,uYn.;.�.,�..ware'�t��ryPi��,rY'C,.2iwm.4��:0.��' . ya REPRESENTATIONS, WARRANTIES t AN� FrlY1NT5 QI�CITY As an inducement to Developer to enter into and perform this Development Agreement, City covenants, represents and warrants to, and agrees with, Developer as follows: 2.1 Or ani ,ation of City. City is a constitutional charter city validly existing under t. r the laws of the State of Missouri. 2,2 ® �tL_hor_ d R�pres�n ative. Until such time as City shall appoint an alternative the City Administrator, shall be deemed the authorized representative or representatives, representative of City with respect to this Development Agreement, and Developer shall be �? entitled to rely on the actions and communications of said person to be those of City. , '. .2.3 h city. Subject to passage of all necessary resolutions, motions and `i ordinances to effectuate this Development Agreement and subject to obtaining all necessary _ {� consents and permits from the Missouri Gaming Commission, City has the full legal power �., and authority to enter into and perform this Development Agreement,and the execution and �.�... delivery of this Development Agreement in accordance with its terms will not violate any provision of law or the charter of the City. 2.4 gpQYa1. City will take all necessary action to authorize and approve execution, delivery and performance of this Development Agreement and all transactions contemplated t. hereby including the authorization of the transactions contemplated hereunder at a meeting o •` ; F.i the City Council of the City lawfully called and held,subject to obtaining all necessary consents �r and permits of the Missouri Gaming Commission. 2,5 Recommendation. City adopted a Resolution at a meeting of the City Council lawfully called and held on May 24, 1993,whereby City recognized Developer as the riverfront developer and will recommend to the Missouri Gaming Commission that Developer be granted ` a gaming license within the city limits. Said resolution further acknowledged that City agrees to pursue gaming activities primarily with Developer. ` 2.6 D v ^ o mp entRi y (a) Until this Development Agreement is terminated, to the extent such action is within City's power and legal authority,City shall not enter into, nor permit to be entered into, :`SF V. 1, final.agm 8/18/93 A " � ' '.8°�1i9'' 2dtw y-, ',...jq fit{ a 'i 'n t. t �.�r••Y'j""'X}�Y3i� y i r' >}L,r p`i#�x bt�y ttt f 7� �+ -u'n, 17lf-y �F��` . 6 � r�r; n2'�FX -t7 ��'� p• E . s 1, is {�} ? .�. `7a f +=:t:Sn Y ✓ , t `�;•".'?�,�':,t' u e �vt�i.S��fif Olt 4 #e �{ .. �X . ;..s,e;. v`:^"s�%' ?+,X .4 . ��}�}lam T�� .y ,�+.t'}Ai t i��r t F+y '? x�3 c t •��. "t � �� y t��s ;�c rrrj 3 ,ktA v�h ?�1`.•�, t ,+ 11 ✓ft�` y;r= ( p t j tw rt�r '�Y 1 r r .k t• r'f� t`I AN`fA i�-t �i a Fl'3i,'iY,�. i. r.s{,h' t •r�X rF t � : t !r r a r ytr rr. �Y,�t tif�G �,.fIS� I�f �, �K ,f`,t � t ! !+' s a. a v!� s�, r °+�i t �t � '+,, , r •.r S. � ,spy t'�yS" !i4 r s F_ ) g { I l t s. � r. 4 t i• s t v 1i,.FP}! r � �`�. , A 3 � S.' S . .... �� t k: ,,y�y.� ,!�amt" '•.�. .. ' },t rZ C''l it l'l, f LSD fik 'i ?' c• y, ; ;. = i.'�aZit,jyr r }tt1!-<'t iV! r "� k + .�.. i. s 1,i,✓s' Z .iktj`(;fr Yit 'R}'a1�tfrr..�F7 ''�,�r t r:'`d y 5 S ty J .�i't t. + t .. '... •. cj{{ t ' ! il'tj1ls,.t.1�tlwfl..titi.L.l�yi.u�n3 �•.,�,.,,nNSN'U!7„�l. 1+.r.r a rt rv.5:.. .. �.. S. 4! QSz any lease,rental operation, management, license or other agreement, nor grant, nor permit to ,3 be granted, through annexation or otherwise, any possession of or right to use or occupy any portion of Development Site or Center Site for the purpose of any casino operation, casino support or entertainment facility or similar type of gaming activity whatsoever. Additionally, City shall not actively pursue the development of additional casino operations,casino support or entertainment facilities or similar type of gaming activities for a period of three (3) years ; from the date that Development Site opens to the public. Nothing in this paragraph shall restrict a lawful charitable activity. �`•i (b) If Developer Ceases Operations, Developer will execute, upon written request of City,such documentation as may be necessary orappropriate to release the covenants in this 4 • section 2.6. If City shall breach this Section 2.G,Developer shall have the right to terminate f�x��-• Via.<., Block Grants provided in Article 5 and Developer shall have no further obligation or liability to City under this Development Agreement. ��` ct'`< 2.7 Lease from City. In consideration for the benefits accruing to City under this Development Agreement and the sum of one dollar($1.00) per annual, City agrees to grant, ; and Developer agrees to take, a lease of the real property, situated in Callaway County, Missouri, z more particularly described in Exhibit A,which is attached hereto and incorporated by reference. City and Developer agree that the parties may modify the lease at a future date to include other land in the proximity of the Development.The term of this Lease shall be ; controlled by the term of this Development Agreement, as set forth in Article 12, Section 12.1 herein. The other terms of the lease shall be as set out in exhibit A. ,r 2.8 No Conflicts. Nothing herein agreed to by City is in violation of, will conflict with, or result in a breach of, the terms and provisions of any existing law, rule, regulation, contract,agreement,charter provision or order of any court or governmental body. City is not ;.; a party to any contract or agreement conflicting with its covenants in this Development Agreement. 2.9 Financial Condition. City is solvent and is not a party to any assignment for the benefit of creditors or bankruptcy proceedings. 2.10 No Contract Defaults. City is not in default on any contractor agreement to �r which it is a party which materially affects or will materially and adversely affect, or both, its ability to perform its obligations hereunder. _6_ fT final.agm 8/18/93 S.; . AF;'`„ S£b'�l". vC `s�u�t 2�+hi1,'rS'�� tl a1 :� r` � tX4 r "'4 yA .� 4» 1i"?t ! lfl!'? S„ Y` ',y Y. { rt 7 .1 �P »>,`w .� � � �j s 5'tt y� t.rr`t1 (' i t i f$tJ}'$� t•�'i a ..y. + ��' th ai! � e� t4 ff r a•.yr?itti'�y�'t � V5 T� S F 4: t'K � +nr r N^ z NN, � }�?. `�+n i, � �¥ s vt�6. y� r x 1r C7 k l j x + r t rkk 6.}A c, t s + } S t �•t ;t.^ -0� d5 r t� a s 5 i. 1 ti:6 t k r ��y'. a Cj ✓f'S,....,.F.t.� 1'At,4n ii S'$ ! {k it t1 } 1 at z r .,r Yu + �'Et u 4T4 t � 1. t a 1 Y S r � z 't IT It r •�. R:i� tf'� Sri. rj rywi, 1 r.. r Y�kF ,; k> s � r Y.�SU. ��yk#Jt�. fi��4.'}� #;:, 1 p`�yv t �t �'� ri1 J.�r % �yt�fct�4t t. �°°�iOw.�w. :;1, � v o a T ta�+?^ .gS'•s" �W. k'. �•si � s � �tk'{ni�'?,..�i't`�'^ Xrr `�f't� �}#1.#rtl e£i}�v"1 a�rY�'r��el^%,ti r i�;�#d#�r�,t fE+r # Y.r,f� * ,if ':4 n� �t.� t v4 s }% `' �. a". (+ .rtt� ".s7t'5,��.•}.`�.',,, III .�I ` 2.11itigltisLU. There are no claims, suits or other proceedings threatened or pending against City which materially affects or will materially and adversely ffect or both ° rL ? its ability to perform its obligations hereunder, Y A11115.rj,E .. CON T UCTION OF THF. Pta o, ECI K,r 3.1 motion Pr yid. Developer agrees to construct and will, through contracts {' with other individuals or entities, operate, individually or jointly, the Development and the Convention Center as presented to City's Finance Committee in a proposal delivered on April 26, 1993 and as defined in Article 11 hereof and at any public hearing. r d� 3.2 ry•�Imnrovement lans: � (a) Developer shall, at its cost,prepare preliminary artistic plans and specifications for the Development(the preliminary forms ofsuch plans referred to as"Development Plans"). ( j Within one hundred twenty(120)days after the Execution Date of this Agreement, Developer -},j iii shall submit the preliminary Development Plans for review and approval by the City, which approval shall not be unreasonably withheld or delayed. City shall make all reasonable efforts ` to approve or disapprove the plans within sixty (60) days after receipt. If the City does not approve or disapprove such plans by resolution of the City Council within ninety (90) days after receipt, they shall be deemed a � . pproved for all purposes under this Development Agreement. This approval procedure shall be applicable to all approvals required under this Development Agreement, including, but not limited to, any future material improvements r„ E constructed by Developer. Any delay in construction caused by the approval process will not j be included in computing the time for completing the construction process. r (b) If the City disapproves all or any portion of the Development Plans, then City and Developer will first negotiate in good faith to resolve their differences with respect to the plans,in a manner that will allow continuation of the Development on an economically viable basis that is mutually satisfactory to each party. If such negotiation is not successful, and the parties cannot agree on mutually satisfactory Development Plans for either the riverfront development or the Convention Center, then a Frustration of Purpose will be deemed to have occurred for that project, and the parties shall proceed as set forth in Section 9,6 hereof, rovid d, her, that if City and Developer agree on the Development Plans for the riverfront development and do not agree on the Development Plans for the Convention Center, $ri'x 8/18/93 final.a -� t "'= Yr I'�'��k r '.jzk` }*btl;zs��'({�'!9 s��.r4na t r r ' '+° 1 6 * yy • '?' r� }` Sr�t i . �. ";' yd / {' 'zt,,{ 1ls} t{{�' �i�Iy*�j(° �v *5 stit �ti 4y}S i +• itk} hll '� xf ti. {r,f LAY s, r. C�vj`�h`Ur° ,^1�, {f.,..$!: > 5`l r N t j} �t 3,�iL iX.; s .`�� sr "ht �.� , a L °1�. S• ' ti �,.. 1, 1� �, r•.. :� r 4 . y t s1 /' s�S7,t �`�t IT 10i.rt., -.` ,�M1 .. + 1r) �. ,pti.%�• r;''i. ''.� .r t ,r rr tjN�,r t J,J#+��'� �+xsV�i '{q it f kfx'f ��.E,+ t .s �� l3 -. i n �A t7'"4. •j� � '),J4 p,}7�1'4��}}4"i1t�Y��:,� Rxt�r �l� 4 1t� xp l , , i,5 S +4t , j t ` ,• 1 }VS� .d%r�.y�r+`,il�t�c1 ,W, R t �.x� F yay y`'�3>Y '' J e } ! "Ra. r '; : , .t 1' G y� • t.4', t .x n'{,Y£,:Stx:.,•1tjbPt.7�td5 ?d, >� .�Y.,rl%ar'in�yi.'rYeww.�7mi�,. � tiY.+SM'nmra«twJ-..A.,]:.c:.r..»:w>hW'71U �. +5 .,..._ .. � �'�#€�.4"SEIIi�� At.r z' p y� t Developer may commence construction on the riverfro n t development as provided herein and continue negotiations with City with respect to the plans relating to the Convention Center. { (c) Once the Development Plans have been approved by the City, Developer shall ,. submit them to any other governmental authorities,such as the Corps of Engineers,which must Q approve the same,and make all reasonable efforts to obtain such approvals and permits prior T. to commencement ofconstruction; providP�,however,that if the governmental authority does not have a specific time frame for reviewing and approving such plans, then Developer may consider any waiting period for issuance of required approvals or permits which exceeds sixty (60)days from the date of application to be an Unavoidable Delay subject to the provisions of :4 Section 10.5. ,1 r (i) Developer will cause the Development Plans to be prepared generally in accordance with the development concepts and approaches set out in the proposal made to the � . City's Finance Committee on April 26 1993 Y p a (ii) Developer will retain a fire protection consultant to assist in designing the Development Plans. t qa; 3.3 Licenses and Permits. Developer agrees to make timely application after licensing approval of the Misso uri Gaming Conunission,for all necessary construction permits, licenses and approvals including, without limitation, any with respect to historical sites, ; (individually and collectively referred to as "Construction Permits") from the U.S. Corps of Engineers, the U.S. Coast Guard, the U.S. Department of Interior, the U.S. Environmental Protection Agency, the Federal Emergency Management Agency, the State of Missouri or other governmental authorities with jurisdiction over the operations contemplated herein. ,k • 3.4 Elements of Construction. } (a) Developer agrees that construction of the Development will be subject to the xj = following technical specifications and conditions. ,i (i) The Development: tt (a) The riverfront Development will incorporate fixed fire protection facilities; an all-weather road surface to the site; and, emergency docking facilities and equipment. Developer shall also ensure that the Development shall be completed in accordance Fi —�r final.agm 8/18/93 a t. "�` � .r ' �*t+�k..� ,•r t t Al , � i i�vi �'��" q4 t 'r� i''�e thw.+'t"�'.+`Y'{ za e � ,; r t', ° J' 1"w 'X`'•'s�F�, '}'it'r � s WA, j w , •� � p, m; W .r r '1 „r ` .rt/•� ti} ro' t +4 try'" ti t3 i 4 e,, Yr�t �ya7?J23 n Pt�J�a°� tyd� `"R rup5� t �7 x .r+, .�r tf3tJs+..4t ,�3}"ryi t,k.� S ' •y �1< �JY}° •r i J t ' .: �t k tt r,� il.t .:' sihy{ `%` Y + FG 4 b t7�+3htr �� 4ai t tl e �j,�up5}ft t'1.Jr.,; iJS.��t k n/t t�'.�t� t t ti 3 I t� k�t/�;,u�t��•�� 25n'1;{rt;�'E' +tti•'}�±% y r.s�+kt,x�,? , t, let y, ..�. raCFk�,. et 1 Y � "r ;��,5".t�i4'Vit�r{�"�t 7 ra}t � '7df 4 '6Ar "r. 1 •4e e}qn r,X*�jt t , � f'u X��[l�t% t '� �Srp�{4• � "}{.�•t �t X +s- r. � }1 ��' fiht i � fi: {,' 4 � t ,,�4 s .61drif L� ,tab. Yk S �+t�'ct ��;1g, -e�Na.s,A�}4.< �t c iT: r :t; �`� a. lt., *,.. t. �:":1 fkS� t }�.r�•d✓'1.,!^ c [},}, k�. �"• • T •t. .. .fin -- -- ... .�._..1._. � , •-a..=aa.e_S.. �....hbmsf1a,Yl. eg g,. ON V, Tq ill applicable laws,rules and regulations,except asspecifically with the Development Plans and, J1 set forth herein. (b) Developer agrees not to construct any buildings on the Development Site below an elevation based upon the 100 year flood plain plus two (2) feet; howeyer, that if City enacts a Code provision which mandates a different height, Developer will comply with the Code as enacted. (c) Developer shall contribute approximately four million dollars ($4,000,000.00) but in no event more than five million dollars ($5,000,000.00), to the construction of the Convention Center, including improvements to Southridge Drive. The parties recognize details of the construction of the Convention Center have not yet been finalized. Developer agrees the Convention Center will be operational within nine(9)months from the date any part of the Development opens for operations. 3.5 Code CQml2liance. Developer shall ensure that all aspects of the Development j. and Convention Center are constructed in a manner that meets all applicable building and fire codes. Additionally, Developer shall ensure that the Development and Convention Center are constructed so that they are in compliance with Title III of the Americans with Disabilities Act ("ADA"). Additionally, Developer will comply with all U.S. Coast Guard fire safety requirements. 3.6 -Construction saran =. Developer agrees to post $25,000 upon the issuance of the first building permit for the project as a guarantee that the Development and the Convention Center will be completed in accordance with this contract. Developer agrees upon the granting of a budding permit the sum of$25,000 shall be deposited with the City in an interest bearing account as security for the faithful performance by it of all provisions of the contract,and the payment by Developer of any claim, and liens due City which arise by reason of the funds deposited in whole or in part Developer shall replenish the same with ten(10)days when the amount of the draw down surpasses Ten Thousand Dollars ($10,000.00). The $25,000 or any balance (including interest)shall be refunded to Developer at the time that the Development and the Convention Center are open to the public. -9- final.agm 8/18/93 ION' r s 4S ti I -TV't -�c le X "fv i I.7 ,..s w 4++4,} 4 �39r '>~a�•'3 n;� a:fa�a'�13: a" F5 aA xn. .A•. ' •, �i a�ge", ya r f, '1 lrry�• Qrrlr'Y.S.S'_ NN eA , ' _ z� SL�'� '.�.� T.w •iSdL r'^21 ��,Vti�Xi� � „� .ter' s- s^' Vii. � tar \a z� �,• Y t''+FJ �,A I 4, �3 4 i qr 1111011 q'1 5�� 4i7�i{�iX'�a)s`��tsd fY,, t5 }:.r�.at. t st.� a f' 'i1 ^''. f f""/'f ��Tf'"�r• Y ,}fr °'+ •4. �,y !' tt'TA k}! J tL' r , '� }F� �f 1'A ��yf� >: ` •� r'4 fit' Frt.�ltj t'n fq Y,�•m ti � ''t+�tr 1 ;�� '�t a ) A .y µ.x {as`3.'�r`. \ '�� ? r�.}�,tr„zw,.. �r I 4 � � •�'�, ti �.�r z 4 t.' �3; i�f'r,'S z �,, �;'. ., ."''�k'«��.�` j 3tr�� vfi:..7`�<t ��'?t k�', �i ut'yf �. .I ,• .. a. :;; t? {+�� ''i {s is}}�.�`t^'Fl�g "St ur3'ly�t�r 7 �'t` y f�� 4 �m': .� ,3 �. ..', .�_ ;: `tt.'Pf`t vf"+}4Ca�;� � � � � ��•� � �rf�� ' S�JJabS:3+ta+: i s»vr:�ww.+sAtr r4: � a^ avetr arila~ ..a de w ." �1t! ktf } fi A41 g with theDevelo ment Plans and all a p pplicablelaws,rulesandregulations,exceptasspecifically set forth herein: tr (b) Developer agrees not to construct any buildings on the Development Site below an elevation based upon the 100 year flood plain plus two (2) feet; provided_ how, , that if City enacts a Code r Y provision which mandates a different height, Al Developer will comply with the Code as enacted, '' } (c) Developer shall contribute approximately four million dollars ; ($4,000,000.00) but in, no event more than five million dollars ($5,000,000.00), to the [( E r construction of the Convention Center, including improvements to Southridge Drive. Thet`; parties recognize details of the construction of the Convention Center have not yet been ; finalized. Developer agrees the Convention Center will be operational within P then nine(9)months from the date any part of the Development opens for operations. F . 3.5 Od ,O P plianc . Developer shall ensure that all aspects of the Development ' and Convention Center are constructed in a manner that meets all applicable building and fire codes. Additionally, Developer shall ensure that the Development and Convention Center are ` constructed so that they are in compliance with Title III of the Americans with Disabilities Act ("ADA"). Additionally, Developer will comply with all U.S. Coast Guard fire safety f. requirements. 'i r f s 3.6 COnGtUW1iOn *,saran P. Developer agrees to post $25,000 upon the issuance of the first building permit for the project as a guarantee that the Development and the Convention Center will be completed in accordance with this contract. Developer agrees upon the granting f a building Y g g permit the sum of$25,000 shall be deposited with the City in an interest bearing account as security for the faithful performance by it of all provisions of the t contract,and the payment by Developer of any claim, and liens due City which arise by reason i of the funds deposited in whole or in part Developer shall replenish the same with ten(10)days when the amount of the draw down surpasses Ten Thousand Dollars ($10,000.00). The $25,000 or any balance(including interest) shall be refunded to Developer at the time that the Development and the Convention Center are open to the public. rr Q `S _9_ flnal.agm 8/18/93 eS, rx x4lr7S .�iss#J'stFE 1t-as�(LStFt tt?r,} tr { Y s ro f c tt� $ 7 rj u � t t�., �i�r J c 23r v. ...r�� .•, }�y }'SX .c"4 �. 4 Ji e +f }r r. S r "yrf r i rx.dty `r+ 1 tt r ;r }(�v.4 rJ E tsF1; ) i r Yj �n lr }p�' [ ' 4T� ,�{,,��1.11 .1 1�'t+..ls.lyr.,� X 1Y A M hT 5 t'e+ r S 1 k "1 Frt All 2"�„� 7t" t'z>�{` �•'YrSr-� {;fin ct' " '`�r,tg.f.1 {af r'� `" '� tir ? f y tl``} !1 �4 �''• � fES- �'��{.� }q FS ry' �� 1� ?S�r C l 1 .y,r t .1 1 f � �i�a Tt.Y fi tf ^�Y_r�. .w..p, J r '. �`,S!t�.n�,`¢�rt�jj.lsf�/ :' .: {xj3.,?. l$ i'v. 4.t�1 r.y} 11•yia �'.�'� r c. 3.t5 si fx.tA( :�4rLi 5rd ftp'�{°�y`�V�'�N�`;iy • �t s. � s +�,+�� °f t:R�.'`Y r � .} sz�3 u , � t y y t � t�i t r I r rr✓rt p}s�,4,1��Rr,o ti 'E' a 7' � ��r�`�'� t xi t,E�.t�?d y'{� f ri1 t} 4F 1t>sr :fJta`}e r s 1 � i i ..tt 7 f x'. i t :L �I�t ll t�s°r�M Fz! a:��srt iii,��,• •Y Vi r s E' � ?�y7 7 {t �Y� x LS :``r►tmatitwiiwvq�t `+t. ,M'�'°✓ e'"` r?':+I a�. {EyF t lk 1. - , .t' .r L`.1 t J+.) v}t`sti i •�.,�, . l rWE WWE�W• 4f� �i7 of xi �t TIM-- FT.A,.11LE F()�NSTRI TIO r �}= 4,1 , T�Iable fnr r'^n�truc+;�� v. (a) Upon execution of this Development Agreement by both parties of licensing by the Missouri Gaming Commission or the date to p and approval allow site preparation, whichever is later flood waters recede to a point to Development Site. Except as provided herein, site preparation a�ationnce site preparation at the nine (9) months from the day it begins, unless the day or time shall be l extended by within agreement between the parties; and then, in such case, on or before the extended day time. n Y (b) The construction of the Development shall commence as soon as reasonably5 ; Possible after Developer receives a suitable license from the Missouri ., site preparation is completed, nro�; Gaming Commission and 4, (i) Developer owns, leases or otherwise has legal authori ty to begin construction at the Development Site; and ;kM Developer shall obtain appropriate conditional use permit. (iii) City has provided written verification that a valid buildin be issued by the City or City has issued a valid building permit. g permit may (c) Developer agrees that construction of the Development and the Convention Center shall follow the following timetable: (i) Except as provided herein, the Development shall be complete ' respect within nine(9)months from the date Developer begins construction u p to 1n every time shall be extended by written agreement between the parties; and then in suchs the day or before the extended day or time. case, on or (u) Except as provided herein, the Convention Center shall be coin every respect no later than nine (9) months from the date of the 13evelo plete in the Development, opens for operation, unless the day or time shall be extended any part written of agreement between the parties; and then, in such case, on or before the extended day tme. Developer, at its option, will post a$4 million Y tune. down" account containing a sum equal to $4rfm1�million, or an interest bearing "draw y monies expended on the -10- final.agm 8/18/93 �t S t�r�'��}�Jnt.`fi;sr , �t•,t,.�,P.��4'Yk�, �}rr'i'�'�"�. � 'g' .�Mt �� .{'rt�1� r H i�y�8 s't rVa'i"`✓ BSI t '+J y �x gY�E�{1Tflir rt a sa, E{ 'tr{.art } I kr�,`�ftsb a tt rJtrt{E,C �,kk t rte•. ---'4'-- '°r°.�'-�" `c .,, ;:'f 1 7 +w ^W y4,�Ytq{�} +,;t't•.itkjFt,; t } i." f:SJ .1� k. ¢4^"�' ... Convention Center. Said performance bond or draw down account shall be posted upon the r issuance of the building permit for the Convention Center or the opening of the Development, whichever is earlier. It is understood that Developer will be able to withdraw funds as funds :1 are expended for the construction of the Convention Center. Any balance(including interest) ` 'x . upon the opening to the public of the Convention Center shall be returned to Developer. p' 4.2 Extension of Deadline for Unavoidable Deli Any deadline set forth in this tJ Article shall be automatically extended for the period of any Unavoidable Delay or Force q1. Majeure which is due to causes beyond the control and without the fault of Developer or acts u p or omissions of the City with respect to matters for which the City is solely responsible. 4.3 $iverfront Operatio • Notwithstanding the construction and operation schedules set forth herein, the City and Developer, on the basis of existing or potential ter- competitive economic pressures from gaming establishments in other jurisdictions in the :x vicinity of the Development or for other business reasons, may determine that it is necessary or in the hest interests of the City and Developer or both that Developer commence its riverfront operations prior to completion of the Development. In the event that Developer ;r ; Q wishes to begin such operations prior to completion of the Development, Developer shall notify ' City that it is invoking this Section of the Development Agreement. City shall approve or •2r�YV�tr`{ 1 disapprove Developer's request within twenty (20) days after receipt. If Developer begins �E- .'. operations prior to completion of Development, Developer shall not be relieved of any r obligations to complete the Development. City may request reasonable,additional assurances { s from Developer to ensure completion. st ' ARTICLE 5 BLOCK GRANTS 92" 5.1 Provision of Block Grants. Developer agrees to provide City with certain annual payments for the term of this Development Agreement to be used for projects and ' x developments by the City ("Block Grants"). Developer and City agree that all block grants t37 ` shall be utilized in a category of service or development specified in Section 5.2. City shall have the discretion as to the division of the block grant amounts. City shall also provide Developer _ .,.rd with documentation of the expenditure of all block grant funds. 5.2 Desjgnation of Projects. Block grants may be used for the following areas: ` (a) Public safety enhancements. F a't. final.agm 8/18/93 Y 17 77 et:9r I 4'> '!f 1 i 1 t s;: • „�tS i'�'t.,:��° yi gY�> `�tjji t 1� i�?,Fi dy� <f.'t��^�x :• }� I..! r r t,1„11` 7 r r14 1 r I tY s� 't��' �' t +� • .!. �-!t+' � '�!',� ak p!e^*f h�SS7`; c' s ' ,f1 j�.J'r» ir.: < Y t '.y i f s ys, 5 i J� q .{x rtr� C, �t`"vi ;a `<'t' . }y �r,F :`zt+y.,�'j�f`t t'�pt rtf ri�.f� t F j.. r��,... j` ✓1 .r'} r a''7 z' .s :.t e' ..i v1+ t '. �� yt,Hu i7 T - 7 y �,� {;�'{y�:�1'x.y C +.`�+ i t s t }t s i „s I 1 y:t e ' ty>=t '+`eb +u't'+r��+'dy}r��:� � 1 v�S4.'♦i i t't . .�t oti�� , ..} $} .rst tt t�33c.''(' v .! r ttl d C.. e ` ry 5 i�``9 ��tAf{t "s �hr• 0�_ •t'4��r+r n1�z. ��+r dg}r�:� F`�rt�#;�;' .r . ' .- �' i: � .��. 7 {{k�l�' yr(�� .,.w ��::} '�.,;:r,2;��r,°aciZ��s �� '^{k';d� +aLt7"'�tt.�{ftlt��'n .� � > t t}.y{,i tE . t t. c S' k i� �; .t ��:lY,�yi•#��-'dam 1, '�iM $7' .. c�h y`�``t r*.�ipC{(&,.S.t.�f� t � t� ! .�:� S .. +:•'-:' z.i t a. .r ,�v �( ; } )�k ,A,�t�'.F `'�d'� �?`',�t��x';�'�� +�1{ '�.r� ?• r-� or ; w 1. �. , e j fi ";.. i'ELa,.�•�t>3�i�i1��iiu�r''.�wi+in.J INi�sLMa�+!%taiNirb)Iq�e .:wia...:..,.°__,�?,......W..i«eCid ,� +.�Ywri: `i ee 'F (b) Transit enhancements. (c) Convention and tourism development and marketing. s, (d) Improvement of Business Districts.- (e) Municipal Court enhancements. 5.3 Amount of Block Grants. Developer will, during the term of this agreement, s� provide annual block grants to City in the amount of Two Hundred Thousand Dollars ($200,000.00). Pq 5.4 Payment of Block Grants. The first block grant payment shall be made on or before Jul 1 1994. Subsequent annual payments shall be made on or before Jul 1 of each ' Y � q P Y1 Y t . .��. year. In the event Developer does not make the block grant payment by the July 1 deadline, + it fL� 5.r 'f O City shall be entitled to a penalty equivalent to one and one-half(1.5) percent of the amount due per month until such time as the a Zent is made. P Yn � .:.,.. a Y:. ARTICLE h ADDITIONAL AGREEMENTS 6.1 Administrative Filings and_Ap eals. Developer shall have primary j responsibility, at its sole cost and expense,for preparation of all applications for governmental and regulatory approvals ofthe transactions contemplated hereunder,and City shall cooperate in the preparation of such applications and filings. In the event of an adverse or unfavorable determination by any governmental or regulatory authority, or should the transactions contemplated hereby be challenged or opposed by any administrative or legal proceedings, the r, determination of whether and to what extent to seek appeal or review, administrative or otherwise,or other appropriate remedies shall be made by Developer without the concurrence of City,and Developer shall be responsible for the conduct of such review or other proceeding; r provided, however, that City shall cooperate fully with any administrative review or appellate action pursued by Developer. 6.2 Additional Obligationof C4. City agrees to take any reasonable action required by the Missouri Gaming Commission which is necessary for Developer to obtain a license from the Commission and which can only be performed by the City to carry on the activities contemplated by this Agreement. -12- final.agm 8/18/93 a ,�_ .,t ;fir 5 +`&., �T r� r. r y � x,v:�4t�!'•`+} nF�xh4jiN�� C�tf 4f' �u,i f��. F'r7' =trx'M^ef`+* w� count .��'.3,.' Developer shall maintain at Development Site ac 3„ 6.3 �� nti -fi } r ".` . edures complying with generally accepted accounting principles, as defined records and pros p Financial Accountings by the American Institute of Certified Public Accountants and the z� tx however, that suchtr Standards Board. Accounting records shall also comply fYF♦ 't, hall comply o all rules, regulations and requirements principles y in all respects and conform t p p ' of the Gaming Commission of the State of Missouri or any similar body established in ss Ss Missouri relating to accounting principles for the determination of adjusted grOeaclWf s al Developer. Developer shall preserve Developer's said books and records relating o year for at least three(3)years after the end of such fiscal year. Subject to the other provisions MFG ; ave the right to inspect and copy,upon reasonable notice, at any of this agreement,City shall h time during normal business hours,maps,construction plans, financial statements,cordsshal] not be like materials or policies of Developer. Access to the aforementioned "information. All such denied by Developer on the basis that said records contain "proprietary for enforcement of the records and information shall be confidential except as necessary .., Agreement. If City determines that it is necessary for enforcement of the Agreement to breach - ! ` the confidentiality of the records, City shall notify Developer in writing, at least five(5) days % confidentiality. ''� prior to breaching l., 6.4 Affirmativ�Action Pol�cv_. Developer is committed to the goal of equal and ',. r ; representative employment and business opportunities for minorities and women. Developer - + F. hick vide equal opportunity to all persons ' , will aggressively pursue employment practices w p ro regardless of age, sex, color, race, religion, national origin or disabilities. Those 4 nondiscriminatory practices will apply to all areas of employment including, hiring,upgrading promotions, terminations, compensation, and benefit programs. All managers of Y and p rn ' Developer who are involved with employment activities will follow this policy and meet the -'' compliance obligations of applicable state and federal laws and regulations. ARTICLE-2 CONDITIONS PRIG E�DENS 7.1 Conditions Precedent to the Otzgation5 of Develo�I• Notwithstanding any �.. other provision of this Development Agreement, the obligation of Developer to consummate Y� SS the transactions hereunder shall be subject to the satisfaction of the following conditions ' where City has the authority to waive such: precedent, unless waived in writing by City yhh a (a) Issuance of a permit or license from the Missouri Gaming Commission authorizing Developer to conduct gaming activities on the Missouri River in the vicinity of City (hereafter Gaming License"); -13- . t final.agm s/is/93 µ x+ rit.' rt7� T tTq • jx, �. c "1�.� ,.sn,i.i '..�N .;r t i.s $ , J r F t. , v t ,t ti t{ �tti� '+:. Y.`?S 1 r r f s4 raYy, r 1r I r F . s ks j MR, ' K �y�jP 1+�tr� .t Styr r tY fs y r ' �. [.•".e s iYC t�+ �.s `. rs. ., �,. n"•tp+l+a' ��1v'�, F,Fj�� .Kt.,.. .,. ��IaS`t fi! i�,�{�y3��,j,��3Y..��4si�Y f+�'1 I1�5��Y! J a, t. 1 .If. 4 4f .��r+,7�•�� tr4 �. i� Il}.Y s;,x ..'Sta�+l�,'�,{�.i�ti �Z 61'�.�ii:t3ll�l,��{{ lc. i y} s Y, •.. :, .y. ��,?+��. st. � �� L �fi `5 kPttk W t��.it�.. .� �`. i + 'z it �'wf 7 a .s'� Pz•' 1 ft `S �` t( 4 ! a t < t Ilt r r _w „i ,..t ,fit, y.�•T5?;t, . bp.,'•t F��ra is r'��i t)°��{�Sr. rin l{t,��r}t �4d s yrr F�. y r r^.. €. .,1�0�.! � r,,: � �t. . w ;n. ��'fT�4�,M�rS 4'1'a-,'t.lt�:k;'.:"Cc w vs. k :.,� i�'``t•�'i• n..,lsry_�':.:�daesKa'�t� .. �... .,.. .. . '� k 'dK?bVt$tieAltiWif�tt�Mt�SerkY++• b Issuance of all necessary occupational permits,licenses and approvals,including (b) those to serve liquor and food (individually and collectively referred to as "Occupational Licenses ) prior to the time the riverfront is opened to the public. fi� 'r (c) Issuance of all governmental and administrative licenses, permits, approvals, consents and authorizations which, are required in connection with the project contemplated Y in this Development Agreement; v, (d) Issuance of any necessary certificate or other consent or approval concerning the ,f. location of Development within a flood plain if such consent or approval is necessary for Developer to obtain a building permit and other approvals to construct the Development; e;' I (e) Conveyance of all necessary temporary and long-term easements or rights-of-way to allow the development, construction and use of the Develo ment as contem contemplated in they{ Development Plans; Execution of all necessary written agreements with any utility for any necessary construction,relocation or abandonment of utility lines and related facilities with regard to the Development; x . ;. (g) Cooperation from the City on the relocation of Southridge Drive if the parties agree such a relocation is necessary and desirable after a design is agreed upon by the parties. The Cost of relocating Southridge Drive shall be borne by Developer and shall be included in bl Developer's financial commitment to the Convention Center of approximately four million dollars($4,000,000.00)but in no event to exceed five million dollars($5,000,000.00). Developer City shall >'- shall donate the necessary right of way to public use. Once the new street is usable, '1 take appropriate action to vacate the existing right-of-way. Q .,1 (h) Written verification in the form of an ordinance, resolution, conditional use ' permit,variance or other appropriate enactment of City's Council which results in the land at r� �' �• �_ the Development Site being zoned in a manner consistent with the activities to be conducted ray in conjunction with the Development. F? -14- .` Pinal.agm 8/18/93 �4 t f 4.^s�:rynM"..,+ F.. t s�,.` m�fi�C. s t,� ^'•r+x� :.t „t }.°t7 �� . "L s cYa��."3 1��i;c '�'� i``=�' ,,�'�e� fl irr � v � tr r c�' . j c, t �.' t •° tr}. i rri z r fs. ,i � _ +��rF;+��yz�r c,h � 'r f rt e. +� r, yy a, + �i a1.t•+�. 1 �{ tSie --,*� ra �p��7: /4i, ��? 7� 5t;r's s`• P y;f Y7 S ir1`�fSr. '6� Lf � :ft ir,�,:^✓j"r'�ge7 �,tf �`, t "Iv 3 z 4 y�.�t c t +Ft tfiS 4 stir r?,rh 1 t r' +V dt .. i s!J •&",° f V �,'y�'.g ?"'t .{ .rI r Off- , x t.•1 y i4 r ;r yf t y t ty..a} t� >�"rb.r f 2i'i'kt „f + t �� _.�(tf •�n�r�t 1Er�.t4� � �f� .� ✓ 1 '.�y Ali t�. l Yi :t ` �FltntF �� ' ; }i�j�, �{r:. .o � L�(1f4 }i .,t'F f4 r { t {.. >.. .y l •i� y.�'p}ryt�[� X f 1 k t� �f)Y.,r F.,`r .r {. 4 ..;,.)h :} s .�i+,r,.r, l,..t, r ^•;i �L.._s r'. .,,::r �., 1rh41�?A3iyir' i ". .: c r " u 44 �}� "?+,. ' t,1 1 ��t ..l.8,c �.1,)�, ��' A, 'el�j`�.� �`YI/��1��.NPr.'t,CprS'n:i't.Fr��S'�. f�.�K��•�� fly l ARTICLE 8 EXECUTION 0E-12EY-BLOPMENT AGREEMENT . 8.1 Time and p�at�.o_f Execution, Unless the parties agree in writing to a different 1. z date or time, and assuming all conditions of execution herein have been satisfied or waived in writing, the Execution Date for this Agreement shall be on or before September 1, 1993. ;K 8.2 Place of T=mIlRomn. Execution shall occur at City Hall, 320 East McCarty, Jefferson City, Missouri or at an otherwise mutually agreeable location. C ?r 8.3 Method of Exec �tion. �� F'•. (a) The City shall execute this Agreement and deliver a resolution duly enacted by S r;: 1r the City Council recommending to the Missouri Gaming Commission that Developer be granted a license or permit to operate a riverfront on the Missouri River within the corporate limits of the City. (h) Developer shall execute this Agreement and shall have delivered a Certificate of corporate good standing for Developer issued by the Secretary of State of the State of Missouri, ; at least ten days prior to closing. ARTICLE 9 ^ I _TERMINATION, AMENDMENTS AND WAIVER 9.1 Termination aft rExecution. This Development Agreement maybe terminated at any time after the Execution Date: (a) By mutual consent of Developer and City; or (b) By the injured party following any action of City or Developer which amounts to an Event of Default. For purposes of this Development Agreement, an Event of Default shall occur upon and is limited to the following actions: (i) The failure of any party which is responsible for same to comply with any material term or the breach of any material covenant, warranty, promise or representation contained in this Development Agreement; +� (ii) The date that any party shall: -15- final.agm 8/18/93 r41 , •i;' Te�hN � QKy� �' �° � �'��' �'�.stY"r fas��' fs. ^;°t e i3r b }'. 4 ��t�u-+f ; •k;''-�`},�� ' 'y,� . T H•y,x re�`'+1! �1 h�r t t� r ��r cr.•+ �Yr•'"a.S{�' i��+':�� #�,1 t t]r��Yt�l,Y� ' i'r��l}rti .3. 'y ' y1C <. J! L'3 {. 't i� i� h��Y '�.'3j i `r•.'�4P./ S '¢.< �y � �+ •j t}4' S i�'� � t n!� � �z �Y �,Fi�7� t�,rz ,p trK {.r✓t tiarq`Ni,+a�`Iy=a ',�^ r$::�{#.. f(� ,!' e 13 + s,+ tiF" s4 .�r tt 1 },t t � > 4 t s r fx �H} r�.r'•, k x3t d �1R S t•t r '� aY .r-r r r.'f•4�. C r T 6 + �)Y.) �`3"t .rs 4r r'i�� ,. s f ��?y. d '� "' r t xr, t r N 'd• , r a 1 t r�' ru .-�i r� Kt. x $ � v1 s?, `l'�t?i�ta+'% 'rf `•�s� :af£"44.s,}l 2i tit '' 2 .J !. } i rMt d+.; f fed .,r"rarf 1+ � 51 G d,S i.',d� 'S% '{p ri. � bE'1'rlr d ''•.t ? .tF .p�! , tk? ! Ut d ,t c..i 4 i..� .i i 7�Ft � s'F" S t.r;3.>,.5� �,. .7ik+ S�.,�}i �.,fi',' � �tv�.�rI¢f ° '+4s� ?,.ti.4�{ �... ltr� tt J x. + y� t:. •.`'. + .i.J7F ° ?r 4�! �' 't:+t K .ik+ �Yt "I,YC "a•,3-..,{ f.. k., ry.("e{: �r tit d:. c � iYP.i+ h �. ,k A �tF t Y (A) Apply for or consent to the appointment of, or the taking of 4 . possession by,a receiver,custodian, trustee or liquidator of itself or of all or a substantial part ,> of its assets; F, r"$ (B) Be unable, or admit in writing its inability, to pay its debts as they ' mature; .: (C) Make a general assignment for the benefit of creditors; (D) Commence a voluntary case under the Federal Bankruptcy Code (as now or hereafter in effect);(E) File a petition seeking to take advantage of any other law relating to the relief of debtors; s (F) Fail to controvert in a timely and appropriate manner (not to exceed ninety (90) days), or acquiesce in writing to, any petition filed against it in an Sf.t s, involuntary case under such Bankruptcy Code. ,t ul Either party intentionally fails to obtain or fails to maintain any permit ' E or license required by the Missouri Gaming Commission for which such party is responsible and which failure does or could materially affect the other party's anticipated use of and benefit from the Development; puvided, however, that this subsection shall not apply to a . mere lapse of a license or permit due to neglect if such lapse is sought to be cured within thirty ''u` (30) days actual notice of the lapse. .. +; (iv) Either party neglects, fails or refuses to keep in full force and effect any permit or license required by any applicable governmental authority for which such party is responsible and which failure does or could materially affect the other party's anticipated use of and benefit from the development; provided, however, that this subsection shall not apply to a mere lapse of a license or permit due to neglect if such lapse is sought to be cured within thirty (30) days actual notice of the lapse. ;v 9.2 If either party decides that an Event of Default has occurred or some other activity outlined in Section 9.1 hereof has occurred which justifies termination of this Development Agreement, then that party shall notify the other party in writing of its intent to terminate this Development Agreement within thirty (30) days of its discovery of the event which gives rise to the right to terminate. -16- # ' final.agm 8/18/93 X •` �, �xx;� 'z� ,v d1 t;r�C7fk.4'`*��„j.5)# M1r'a�J�hY'�^y��S�z��?r' `�ly-��Yc�+rz'!�F r ��,L { �. r_y }+ r t 3h��w ks�{'s qi•� �(,f� *y '{..�, it p�nSt�t a rM1ru^��t {`i "Y�(s. xx ' k. lq ..� � � c�"��`4»t dt�i e��v a'� n t `5} .�iCY.;r .•'. t, Fs iL' a �F,� �.>Ki''t'�',t'Rt�'f�l�"�d'' 6s 4�. ! ��•t fY44 r L a't� ,rf d.p{iy�l.ik4�t 1,:�1 .' tYr° y e)+"tt +t �t��i' s�� ji( i ` P s5 ��'.f^, �2� ' J ¢t f-„i! �y((,,..�7,�`f�tf r '�ti •r''t s f to >��i+' z y'4, .. `s;44 �,k '`.ca�ar �3 {(a �1h r�e.,4 xfs fh'�� cy`iz lqf:.i'"•d i4L �° r"t 7°t.t`'.`E}{iJi fyt rr<S i „j. � i�. d+.•,:, ..Llf sf'«'Y u.';4�a&.,��d�;�ta�'f4 1 .. T �t''sb f t�''� 1�U iS z..;x.. �~� .t� .�,. t � - S :"�. �. :,.��t�\;+°7'•[','N�.,a y s� ,-. i .r(,( t � NN�t if�t iN �4fis 9.3 R=&s. Upon the occurrence of an unexcused Event of Default and the ` continuation of such default through the end of any cure period, the other party to whom such a duty is owed shall have the absolute right at its sole option and election, to pursue any one or . : b.' more of the following remedies: w; (a) Specific Performance: Except as stated bel ow,institute appropriate proceedings to specifically enforce performance; »; (b) Self-help or Set-off: Perform the defaulted obligation for the defaulting party for which the defaultin party shall immediately repay and reimburse the performing party for +rts { all costs and expenses reasonably incurred by such party in so doing, and the party exercising ft. such self-help remedy shall also have the right to set-off such costs and expenses against its obligations hereunder to the defaulting party;` i w . (c) Damages: Except as stated below, institute suit against the defaulting party for the recovery of all damages caused by such party's breach; ; (d) Other: Pursue such other rights and remedies as may be provided hereunder for wT,, ` such breach or by law or equity generally. Y r+ r- aR:; n 9.4 Method to Cure Default. Notwithstanding anything to the contrary herein no party shall exercise any remedy such party may have hereunder or at law orequity upon an } r Event of Default by another party until thirty (30) days (unless a longer cure period is given ' t} �< hereunder which shall control) after the giving of notice to such defaulting party specifying an Event of Default. If such Event of Default is of a type which cannot reasonably be rectified ' within the thirty(30)day period then no Event of Default shall be deemed to occur so long as the defaulting party promptly commences and thereafter diligently pursues the cure of such Event of Default. r rr �.:. Rt 9.5 Effect ofTe ation. Termination of this Development Agreement pursuant to Section 9.2 hereof shall not preclude liability attaching to a party who has caused the termination hereof by willful act or willful failure to act in violation of the terms and provisions of this Development Agreement and termination pursuant to this Article shall not terminate either Party's right to indemnification asset forth in Sections 12.5 & 12.6 hereof. t,. t —17- "` final.agm 8/18/93 t., M �t •'f •':�" �30 1. , • � < y T '� ut t i �' F ti t 1@ t t '•; < '4v t"Y r/fq`� s Ft{t 41 � ` 3q �a ,!L•. �._....._______�. �1 '�� - .M��. -r.�..�:eira.�a..ti. lr .di Gteiti'r�iri ' �.,...�- AMIN .Irl1 + i r, t st ''rt ° 5�,..' r E7 t t .i1 t� t '.. . i i,• j,. {y;j!,� }��Y�{� r��,�yy ty;y. � 7�f3}c�ktSr�: �, 6 rtt kt X+dti+iwV'.i.iu•.'w`lst�%1.:.s:a.inn'.L:i:.:.��.:..!.:...u+.urcrwrMt(w!1!ar'#n4!��0.Wwwswa...:r;t..._....w:rmd!�x`.'�`T'9�.�,�`Fi�v.'Y'„'{"'�`'�,t��{tt.r•dti. .T?'h:�,7•. �•.L.iTi7' r ., a*.,.'Sf�i�� '. 9.6 Erustration of Purpose. Ir (a) The parties recognize and agree that, after the execution of this DevelopmentFr ' Agreement,despite their good faith and reasonable best efforts to implement and carry out thez;:3, `. Development contemplated hereby, certain matters beyond the control of the parties M. a Y 4#ss T F prevent or frustrate such efforts so that the Development cannot legally be completed or the riverfront or the Development cannot legally be operated as contemplated hereby ("Frustration of Purpose"). Causes of such a Frustration of Purpose include, but are not limited to, y Developer's inability, despite its reasonable best efforts and due diligence, to obtain all necessary final forms of(i) Gaming License, Occupational Licenses or Construction Permits t as defined above, or(ii) other licenses, permits, certificates and approvals as set out above. If either party wishes to invoke this Frustration of Purpose provision, it shall notify the other in t writing of such. ` 4kjf (b) In the event of a Frustration of Purpose, the parties agree to first negotiate in �i g ood faith to attempt to adjust their respective rights and obligations hereunder by amendment in a manner that will allow continuation of the Development ment on an economically viable basis D that is mutually satisfactory to each party. If such an amendment is not executed within ninety ' (90)days of the date of the notice provided above,the parties each agree to take all reasonable r and necessary actions and execute and deliver such reasonably requested documents so as to r• rescind and cancel this Development Agreement and otherwise place each other as nearly as Ipossible in the position such party occupied prior to entering into this Development Agreement; provided, however, in the event of such a Frustration of Purpose which results in rescission and cancellation of this Agreement,neither party shall be required to reimburse the other party for any prior costs and expenses incurred by either party in connection with this Development Agreement. f` rJ, r . 9.7 Amendment. This Development Agreement may not be amended except by an :r instrument in writing signed on behalf of each of the parties hereto. r 9.8 Remedies Cumulative. All remedies of a party hereunder, except where stated �-� to be exclusive, shall be cumulative and may be exercised singularly or concurrently. t* ' .1 9.9 Waiver. Any terms or provisions of this Development Agreement may be waived ' { j in writing at any time by the party which is entitled to the benefits thereof, or their respective yi K• counsel. The failure of any party at any time or times to require performance of any provision r,. hereof shall in no manner affect such party's right at a later time to enforce the same. No waiver by any party of a condition or of the breach of any term, covenant, representation or r -1$- final.agm 8/18/93 r t fi. r '1".� -n'0 rydd ? k xI 4 it{ i 1 d w t, �, tits t { t .a •.�� 4 i+�`i�{fy�. 4y^i t{,+} r.X r}+S r it ti,'a r 12.t'! .',1 � } u .n ar 5'.,��y�,� .t_. 'k'}'ry i tR3 4v"hh �. 4 t P J TTT t 5 r t: i Ja .. - f3pt } r{ { t'.rYr 9 .:i'.td ! t• t'. rt .t:.- tt.x i .++ YZI i+ F,,{.. : e r y ti M1 . _ .' irl�.�..w. ....,.�]--_ '.r.. -.::t:.�� rt+srw.•....rn.r,LL'...:.;�.. warranty contained in this Development Agreement,whether by conduct or otherwise, in any one or more instances shall be deemed to be or construed as a further and continuing waiver of any such condition or breach or a waiver of any other condition or of the breach of any N. other term, covenant, representation or warranty of this Development Agreement. F. ARIICLE 10 EFFECT OF DEVELOPER'S DEPARTURE 10.1 Ceasing Qptmtj=. A e a (a) Developer shall be deemed to have Ceased Operations at any time that Developer Et voluntarily closes the riverfront to the public for a continuous, uninterrupted sixty (60) day period; rovi d howey er, that if the closing is due to a Force Majeure, Unavoidable Delay or pdc unusual weather conditions, then Developer shall not be deemed to have Ceased Operations unless Developer notifies City in writing that it is Ceasing Operations. Additionally, if Developer is not allowed to engage in dockside operations during winter months, and winter weather conditions prevent riverboat cruising for any period of time, Developer shall not be Jq deemed to have ceased operations for such periods. N 10.2 Marketing by Developer. Should Developer Cease Operations as described in 10.1.a, then Developer shall have nine(9)months to market the Development site as it deems appropriate. The nine (9) month period shall commence on the 61st day of continuous and uninterrupted non-operation. Developer shall be entitled to make every effort to sell or lease the property to a third party who will renew operations at the Development Site or begin new development at the Development Site. Any sale of the property shall include the transfer of the restoration trust fund to the purchaser. 10.3 Mark *119 by City. At the conclusion of the nine(9)month period set forth in fVc Section 10.2, provided Developer has not successfully marketed the property, City shall, in addition to Developer,have the right to market the Development Site to individuals or entities of its choosing at a price equivalent to fair market value plus the balance in the restoration trust fund. City's right to market the Development Site shall continue for nine(9)months. If City's marketing efforts are unsuccessful, then Section 10.4 shall govern. IN, finalagm 8/18/93 MM" 9=MA v- R", . 2 A H 7� 77 10.4 (a) Creation -of Fund: Within 30 days of the issuance of a building permit for Development Site, Developer shall create and begin funding a Restoration Trust Fund by ti making a deposit of twenty-five thousand dollars ($25,000.00) to the fund. dY (b) Purpose of the Fund: The Restoration Trust Fund shall exist for the purpose of returning the Development Site to unimproved farmland in the event Developer Ceases Operations and the Development Site is not successfully marketed pursuant to Sections 10.2 or 10.3. (c) Funding: Developer shall fund the Restoration Trust Fund as follows: Lj (i) A written estimate of the cost to restore development site and unimproved farmland shall be obtained from Architects Alliance. If Architects Alliance is unable or unavailable to serve the parties, the parties shall agree on an alternate. If the parties are unable to agree, then each shall select an Engineer or Architect, who together with a third of their choosing shall provide the estimate. (h) Developer shall make eighteen (18) equal monthly deposits to the trust 711 ) fund so that the total sum held in trust at the end of eighteen (18)months equals or exceeds the amount estimated for restoration of the land to its natural state. Monthly payments to the trust fund shall commence thirty(30)days after Developer receives occupancy approval from the City. (iii) Any earnings accrued on investments of fund assets shall be added to the principal of the fund and reinvested less an amount equal to the tax consequences, if any,of the earnings which shall be forwarded to Developer. (d) Management and Control of the Fund: City shall maintain the trust account, per shall be allowed access to statements of account and other records of the trust 13 and Develo fund. Additionally, City shall cause the fund to be audited annually and shall transmit to ry Developer a completed copy of the audit. City shall not place the fund with any entity that results in trustee's fees being assessed against the fund. 3 (e) Use of the Fund: At the conclusion of City's nine(9)month marketing period, if such marketing is unsuccessful, Developer shall request reimbursement from the fund for expenditures necessary to restore the Development Site to unimproved farmland, with the -20- final.agm 8/18/93 N],XERT 'V%3�41 41 wj -uw Tl;,Wpiym, fr � ��I u"zu•°M1,t` '� ag °nezz 3�� (� .S,r,, � •h , v r: dtr,eti;7 ;4 :1 ✓' � �' .tti C'➢�'��3'tJt'�1 ita 4{��s��Y Ek °�tr't z �w:�t } # #{t zr Fa..ir �.t l.r1t {#wt y k -¢.. ,ir r t�'d .�} ti��.� Fr�#�� ' ' exception that any improvements or changes in the land itself which have resulted in water ' ��'.�.. covering g a portion of the land which was not previously water-covered will not be restored to n their previous condition. (f) Once the restoration is complete, the trust shall be terminated as follows: ' (i) In the event the cost of restoration is less than the balance of the Restoration Trust Fund, Developer shall receive any excess funds. (ii) In the event the cost ofrestoration exceeds the balance of the Restoration Trust Fund, Developer, or its successor shall cover any shortfall. F. (g) Termination of Fund: In the event Developer or City successfully markets the Development Site to a third party,the Developer's obligation to provide the Restoration Trust Fund shall cease. ARTICLE 11 3 DEFINITIONS OF TERMS 11S D IN THIS A ill FFMFNT +{ J i'j 11.1 Definitions. In construing this Development Agreement, the Parties agree that the following words have the definitions set forth in this Article, irrespective of any normal <T*, usage of the word. a k (a) Development: All phases of the project outlined in the proposal made to the City on April 26, 1993, relating to construction along the riverfront including riverfront gaming. (b) Convention Center: A convention facility containing between 35,000 and 45,000 square feet which can be used to host conventions and other meetings of private or public organizations with a cost to Developer of approximately $4 million, but not more than $'5 million, which will be maintained and operated with no direct cost to the City, (c) Development Site: The property where Developer will construct the riverfront development. (d) . Center Site: The property where Developer will construct a Convention Center. +,A —21- k',. flnal.agm 8/18/93 �P'. 4 h t•'., , ,r. '.�' �`�� jk{ jk„Zt�s5#'�t'"�'*�3r f�'�`r F'4t•,bk`; q1;:%"'`�'' '�. ,�a,� � r"t r. �' `'itr�i�'•r, � ��,t��:�>Q��i�t$��` {, d��-,>v z G, �f'� .r ''� .�4 fit .`�;, ;* '. n,�.F .,� 1f. g• �y f t't '' (t .e s ;�•.,ys Sn j :k� T; iS;S 1�1 :`�t ^t:+.�.. •—..•�_�_.___....,„�, •-�-v. .. - -m.- .r r. Y/�''}. '};�it;k'S.k'{� .�til fl. 4',�, •+;.. t s3��i� ��t�rt h,z �ti4zu "�ti-4 ry t ' ,{b ' > sf `'�•� ,�.: .1. t},..�".� �a: ,t .. .k�1 f�ii'.,,�:LkL'+:4t��+i•�y+•'��'`�"eaB,tvNiwxrl t�'SiMrolarosr►£�vtswcraa+a.....i;_...•....:.��9!�'`#, :`. t i. . .. . (�:;'` S.aF.1�F2 a,t. 1aROVISIONS '� pp r . 12.1 Dan of olitr ct: ment(a) Term. The terns of this Development Agreement shall commence on the date of g execution of this Development Agreement and continue for seven (7) years thereafter. (b) Termination. This Development Agreement shall terminate seven(7)years from the Execution Date pursuant to written notice required In subsection (d)(unless validly renewed { in accordance with the specific provisions for renewal contained herein or unless otherwise extended by written agreement of City and Developer), without the necessity of an additional y y notice from either City or Developer to terminate the same. r r ! (c) Renewal Term. If this Development Agreement shall be in force and effectF on the date of the expiration of the Initial Term hereof, and provided there is not then an r� .tt, 5ry• pr p g'rk: y uncured material Event of Default and Developer is continuing to conduct its business operations in a commercially reasonable manner, in accordance with generally accepted industry standards, Developer shall automatically be deemed to have elected and is hereby granted a Renewal Term for a period of three(3)years, beginning with the date of expiration of the previous term; provided, however,that Developer shall not have given City at least six f (6)months prior written notice negating such election. Each Renewal Term shall be upon the same terms and conditions as contained herein for the initial term. The parties may renew this Development Agreement for four (4) three-year terms. ' 4. No Renewal Term hereunder shall be evidence of a waiver or release of any Event of .. f., Default or claim of either party hereto against the other. Any unsatisfied claim of either party hereto against the other under the terms of this Development Agreement during the Initial Term shall survive and be deemed to be a similar Event of Default or claim during any Renewal r' Term. t•: , 12.2 No Agency of City: Developer is not the representative or agent of the City,and this Development Agreement shall not be construed to make the City liable to any materialmen, contractors, laborers, or others for work, labor, or materials furnished in connection with the construction of the Development or to create any contractual or other relationship,express or implied, between the City and any rnaterialmen,contractors, laborers, suppliers or others furnishing any work,labor or materials in connection with the construction ti of the Development. -22- °`;, final.agm 8/18/93 r.i r; ? i `� 4y1 � T a�r i S}ir�` r � , r t � + �� .T7� � �ry •" •,J # €. j} rt f •fi z y3 , y1 k�i r ,' f ,.}.d cat r"+ 5r f,, a° S* ^},yt ..}' Y �•`•^�'`r l 4 r 7) r.{ i +t t ; y s a9. 'a�.. ZCz{ r!'z `� Id 111111111 MO. . , ry� i.• YF` F x !, o- :C - ,h s r ,± fig. t` t �,{�rlar '.�+j.��t y S Qd }s S� t '�{`f�r f if 1 4 :C. .•` t '. r . z !{ S1�5"Y"'} E `'itii�t J"'awYauwi�T�uf�dd�W.:7.ifi'+�w.'.W+i.:�.Ldw�.+�iM�rcRe#Yl+Y�NI01��IAa�pidXiw:.:wnr.»:.,:..aawf :n.. .,ct „ ".,IN- 12.3 No A y,LDeyelof1er: City is not the representative or agent of the Developer, and this Development Agreement shall not be construed to make the Developer ` liable to any materialmen, contractors, laborers, or others for work, labor, or materials furnished in connection with the construction of the Development or to create any contractual ? °a or other relationship, express or implied, between the Developer and any materialmen, contractors,laborers,suppliers or others furnishing any work,labor ormaterials in connection with the construction of the Development. 12.4 Indemnification by Developer. (a) Effective upon the Execution Date, Developer shall fully indemnify, save, and hold harmless City and its elected or' y appointed officials, agents,servants, employees, officers and directors, from and against any and all liabilities, obligations, damages,penalties, claims, costs, charges and expenses, and an and all suits and proceedings in connection therewith, g P� Y p g ' including reasonable expert witnesses and attorneys fees, which may be imposed upon or incurred by or asserted against City,itselected orappointed off icials,agents,servants,officers, directors and employees b reason of or arising in whole or in Y g part from any of the following or other actual or alleged matters,occurrences,events, transactions, acts and omissions during the Term of this Agreement or an renewal thereof or for , '` Y 50 long as Developer shall be in possession of Development Site or any part thereof: (i) Any work done or action taken or permitted to be done or taken by Developer,its sublessees,franchisees,licensees and its and their respective agents,contractors, employees, servants, officers and directors, and invitees in, on or about Development Site; � x (ii) Any use, no-use, possession, occupation, condition, operation, maintenance or management of Development Site or any part thereof for which Developer is responsible for the operation, maintenance or management associated therewith for which ,r Developer or its sublessees, franchisers, licensees and its and their respective agents, contractors, employees, servants, officers and directors, is responsible; H n^i I (iii) Any negligent or intentional act or omission on the part of Developer or i �. any of its sublessees, franchisees, licensees and its and their respective agents, contractors, q, servants, employees, officers or directors; (iv) Any accident, injury or damage to any person or property occurring in, on or about or arising from Development Site or any part thereof for which Developer is responsible for the operation, maintenance or management. -23- Fnal.agm 8/18/93 to sl? 11r,:R 'ty 3 7 ?! ! s �p S 1 o "�3�t ntt s fir{ � rfibP`,�tCtt'ESv1 r�t'fi;.fi.i.H• t ' q�r �iyt k7 N'. gF (=u �a s �£ltt?tk i aU r t d.;jz c c p f1c '` >}ct i 5 ,11 i r� 1i S h 'C ( R �3r �r r�,'i cy F } F tt ri�'g. Y r� � � 4�' � to r' ra I`� f ,t da�'e F .r�•-. f_T "0I h 1 jJ 4 C 4\ 14 Y) Y •d'�1 } t'. I t C. T ��E 1Y'P ��'��TCI �': � l��"� t •�f.1 Sf 4�'!'A• f(;�vt�£Tj t`y.J.�ltr 1rw'us-#}at ti Ct�`yLr s �.�F��t tix s�9 rid 1. t „tr�1{"...�a. r,1{ t, f t(t ,,✓. ;p� �„��t ysT}},t-.�ksf�y��RYf.k �3 c: dr x$T i +r`, `.ilrtp 914 <+w' _ {,k. } ,5. Y � (v) Any failure on the part of Developer or its agents,contractors,employees, servants, officers and directors, to perform or comply with any of the covenants, agreements, terms, provisions, conditions or limitations contained in this Development Agreement to be performed or complied with by Developer; or (vi) Any obligation of.Developer under workers' compensation laws or the hST! r =: laws of the federal government or any state government as to any employee benefits or any employment related problems under F.RISA, or any other local, state or federal statutory liabilities of Developer. ` (b) In case any action or proceeding is brought against City by reason of any such k' claim, Developer upon written notice from City, shall at Developer's sole cost and expense, resist and defend such action or proceeding. ; 12.5 jndemrjirication by City. (a) City shall fully indemnify, save, and hold harmless Developer and its agents, tir contractors,employees,servants,officers and directors,from and against any and all liabilities, r: 4r obligations, damages, penalties, claims,costs, charges and expenses, and any and all suits and x: proceedings in connection therewith, which may be imposed upon or incurred by or asserted Irv. against Developer, its said agents, servants, officers, directors and employees by reason of or arising in whole or in part from any of the following or other actual or alleged matters, .' occurrences,events,transactions,acts and omissions during the Term of this Agreement or any renewal or extension thereof, (i) Any work done or action taken by City, its agents, servants, employees or officials in, on or about Development Site or in connection therewith; (ii) Any negligent or intentional act or omission on the part of City, its agents, servants, employees or officials; d:. (iii) Any failure on the part of City,its agents,servants,employees or officials to perform or comply with any of the covenants, agreements, terms,provisions, conditions or limitations contained in this Development Agreement,to be performed by or complied with by t.. City; and u (iv) Any obligation of City or City's contractors or subcontractors under workers' compensation laws, or the laws of the federal government or any state government -24- final.agm 8/18/43 Sott� 1r��k s � 15 JL tJ}� �.t,;.�rr,.:�r..{„ is �Y�T¢�r ��J � � {WAR�tp�.y?yjl�i{yrrG��¢,�}�'�^��+�'r i�`�� !'"�° " rI N+`',i•+ �4��'P+'R�3L5g `Trl;�'•ik=i,�t x i'•. t ? -� r ? As $flsY. fa �r c+•r� fi .r r�4`�'�+��`sT"�7 �� ;t as.l�F�s t t�3. � ��r7t�`s� r �r � r > ��°` ' t � ' �, v. �' hr t' ' it y••-�.• f,.. Y r .1 ""1;,��;r.. ,.� E .4 rt�,-�f i, �j su ... _. },4n •. y\j�W� .k, '",' 6 � SC� 1'f• I t J } _ _ .. .. hJ:�TCF� �' ^.�P1F'>Yil.l:` �. �{ t • e S ,e ft�i}.(�� } 1 e5 yft }'i ,a' •,,� e •}t a rl Fail at Ai ! ! � 'i P . y1' }Wrfiwfrwrt tf4+mdw'4,W+.7iwwwk3WwFn�LailtiliilWk!'.xbKt+4fSbR%it'.III,Si'M1.y'1.k F KX4� 'SbYrF:7E".EY'Mrm awtw..,.._.....e.....+'1ECt,j'S,r '•tx.0r.`F�^�Y't S. y4.t w}.4ts-.Aq } t .1 'v �. ..4 as to any employee benefits or any employment related problems under ERISA or any other ' statutory liabilities, local, state or federal. b In case any action orproceeding is brow ht against Developer reason ofany such claim,City,upon written notice from Developershall, at City's sole cost and expense,resist and X defend such action or proceeding; provided, wever, that City shall not be responsible or liable to Developer or to those claiming by, through, or under Developer or be required to protect, defend, indemnify or hold Developer or any of such persons or entities harmless from any loss or damage which may be occasioned by or through Developer or others (including °x s Developer's business invitees), as a result of the occupancy or use of the Development Site, or W any damage or injury of any nature whatsoever, including, without limitation, any loss or z. damage which arises from any deflect in or failure of or danger in connection with Develo ment Site or any improvement thereon or adjacent thereto, or any utility or other service furnished , in connection therewith except as to conditions which are proved to have existed and been present thereon prior to the Execution Date and unknown to Developer or its officers, agents and employees prior to discovery thereof after the Execution Date. Except as specifically described herein, Developer shall use and occupy Development Site and all arts thereof and p pY p P make same available to its business invitees and others at Developer's risk and at no risk or '.zaiti z s- M,., liability to City. 12.6 Unavoidable De]ays / Force Maj_PUr . Each party shall diligently perform its respective duties asset forth herein. However,notwithstanding 7 to the contras in this p g anything y � 7:1 Development Agreement, no party shall be deemed to be in default in the performance of such duties, including failure to complete any obligations by specific deadline dates, if and so long as nonperformance of such duty shall be directly caused by a Force Majeure or Unavoidable Delay, including, but not limited to, fire, flood or other casualty, national emergency, condemnations, enemy action, civil commotion, strikes,lockouts, inability to obtain labor or -1 materials, war or national defense preemptions, acts of God, energy shortages, or any other .� similar causes beyond the reasonable control of such party, including but not limited to, a pasty's delay in obtaining or failure to obtain necessary governmental or regulatory permits, licenses,approvals or consents when such delay or failure is not within the control of the Party, but is the consequence of the governmental or regulatory entity's actions or omissions. The time limit for such performance shall be extended for a period equal to the time period of such Unavoidable Delay;provided,however,that the party unable to perform(the"Nonperforming Party")shall provide written notice to the other party to which such duty is owed within ten F: (10) days after notice to such Nonperforming Party of its failure to perform or within ten(10) days after the Nonperforming Party otherwise becomes aware that an Unavoidable Delay with respect to one of its duties has occurred or will likely occur of the existence and nature of such }:R :.. -25- 5' ' final.agm 8/18/93 5 1� 'e"" p t�"ti,(}iC�!'"""•'-� ".•wwar+rumrxw••M+'.-..- t!. . SST t �w' ,t t�d`Fl ill. }+'S �1 r� '•M n+,e x�+ 1.1 r 4 c } ' y' }e -S} ClIff ' +� 1'}.�` ,t�� .)).L ,t t tt • 1 ' 1 t r t a�. �1 J n,,��ss�..��. s '1+ f�,'tt i }, �':S '.'t 1.";t,. ! .it rf} \ iti �1�#� �. X l' t. �'y , �n �f' 7rrf ttSS Yt,.4y�t?i y r t�.. 3.11I�t • }t y�rf��i llfl aw'a,eA��'�'�t l� ��`� t` #�:�;yxt � i+'+t'xr;'{t" �'�'ttt"'3e �H.`bF"`fi''"t31 P��`q+ i��'>N�i'y t? ^e 4tM�na�NW k, K4 4" ;?�{" i: • y i L a. r. Unavoidable Delay. Thereafter, the Nonperforming Party shall, from time to time, keep the other party to which such duty is owed reasonably informed of all developments concerning the Unavoidable Delay and the nonperformance of such duty or duties. '7 12.7 Notic8s. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or mailed by registered or certified mail (return receipt requested)to the parties at the following addresses(or at such other address for a party as shall be specified by such party by like notice): (a) If to City at: Mayor (Currently Louise Gardner) 320 East McCarty s Jefferson City, MO 65101 With a copy to: City Administrator (Currently Dave Johnston) 320 East McCarty y. Jefferson City, MO 65101 ^` City Counselor (Currently Allen Garner) << 320 East McCarty Jefferson City, MO 65101 (b) If to Developer at: ` Bruce Becker 740 S. Decatur Las Vegas, NV 89107 Facsimile Number. 702/258-5196 r: t -26- rmalagm 8118/93 T-; lY', With a copy to: Ron Lurie 740 S. Decatur ; # Las Vegas, NV 89107 xuz Facsimile Number: 702/258-5196 { David Brydon z Brydon, Swearengen &England P.C. }� P.O. Box 456 `s Jefferson City, MO 65102-0456 .�t f Facsimile Number: 314/635-0427 All copies to the applicable persons or entity(ies) designated above to receive copies shall be { given in the same (or other permitted) manner as the original notice, waiver or consent, and such giving shall be a prerequisite to the effectiveness of the original. Notices, waivers and consents given by any of the above methods shall be deemed given the day actually received at such party's, person's or entity's stated address or facsimile number regardless of when such ' party, person, or entity shall personally receive the same. This section shall not limit the effectiveness of other methods of giving notices, waivers or consents, but shall be deemed {�} effective method of giving such notices, waivers or consents. Any party, person or entity by written notice to the other may change the address or facsimile number for receipt of said notices, waivers and consents. ^V 12,8 Eminent Domain, In the event an property ert on which Development Y p p y Is to be constructed, or any material part thereof, is taken pursuant to eminent domain or similar proceedings such that Developer can no longer feasibly operate the Development, this Development Agreement shall automatically terminate. A6r 12.9 Assignment. The Developer shall not assign any interest in this contract, and shall not transfer any interest in the same(whether by assignment or novation), without prior written consent of the City thereto. Any such assignment is expressly subject to all rights and remedies of the City under this agreement, including the right to amend the contract or to terminate the same as provided herein, and no such assignment shall require the City to give any notice to any such assignee of any actions which the City may take under this agreement, though City will attempt to so notify any such assignee. -27- final.agm 8/18/93 ti # U «: .t +Li.Yi .,sr54�F. n'�.t F'+any 4'c� f t!I.+.�F�. .'y d45it y,r awe SSIIIrcrc��•s��.j,}""„'�'4y�,s Jd?r'.i 'rxs �!'ytv,t�'1��Srr�',��3ii .'�: r �..� �&�t A,., � �.. t }'K". t i' 1��! .:•t,.�" �i � �1'��t,.:- r 1 'r t« { « x��.r.. 4t 12.10 Time forip Actions, Except where expressly stated to be in a party's sae discretion, or where it is stated that a party has the ability to act in its sole judgment, wherever it is provided or contemplated in this Development Agreement or in any of the documents referred to herein that a party must give its consent or approval to actions or inactions by another party or a third party in connection with the transaction contemplated hereby, such consent or approval will not be unreasonably withheld or delayed. If no time is set for a party to approve or consent io an action by the other party,such approval or consent shall be given or withheld in twenty (20) Business Days or it shall be deemed given. 12.11 Expenses. Developer and City shall, except as expressly set forth herein, bear their own respective legal, accounting, title and other related expenses in connection with this Development Agreement and the obligations provided hereunder. 12-12 No Joint Venture or Partnership. Under no circumstances shall the Development Agreement, or any other documents related thereto, or any actions of the parties 12 in furtherance of this Development Agreement be construed to create either a partnership or .1 ajoint venture between City and Developer, the existence of the same being hereby specifically V denied. 12.13 Agreement loCooperate. City and Developer agree to fully cooperate with each other that the transaction set forth herein can close in as expeditious a manner as is possible. 12.14 Goyerning-Law/Ven=. This Development Agreement shall be governed by and ;:; a construed in accordance with the laws of the State of Missouri with venue being in the State of Missouri. ell 12.15 Consent of City and Developer. Where any provision of this Development Agreement requires the consent or approval of City'City agrees that such consent or approval will not be unreasonably withheld or delayed unless otherwise specifically provided for herein. 12.16 Right to Contest Liens. Any party hereunder shall have the right to, in good faith,contest by appropriate proceedings the validity or amount of mechanic's orsimilarliens so long as such party has bonded over such liens and such lien proceedings have been contested or stayed in a manner which will not allow any foreclosure sale or result in any material interference with the use and benefit of the affected property. -28- final.agm 8/18/93 A_' Of 2" p1put, V FRI U will 'JT 12.17 Crilda. Where in this Development Agreement masculine pronouns are used, such words shall be considered feminine or neuter pronouns where the context indicates the propriety of such use. 12.18 EffeaLd Attachments Each Schedule and Exhibit referred to herein shall be deemed a part of this Development Agreement to the same extent as if each such Schedule and Exhibit was set forth herein in its entirety. 12.19 Further Acts. Each party agrees to perform any further acts and deliver any additional documents that may be reasonably requested and necessary to carry out the provisions of this Development Agreement. 12.20 Computing Time for Action. Whenever any party is required to act hereunder within a particular period of time after the occurrence of a particular event, such period shall begin to run on the day next following the day on which the event occurred and shall expire at 6:00 p.m. Central Standard Time on the final day of the period, �n 12.21 Business 12=. "Business days" as used herein shall refer to days other than Saturday, Sunday and legal holidays observed by the Cole County Circuit Court. 12.22 &yffzbffiy. Should any part, term or provision of this Development Agreement be declared illegal or in conflict with any law, rule or re elation, the validity of the remaining portion, terms or provisions shall not be affected thereby. 12.23 EnjimAgr=eiA. The terms and conditions contained herein constitute the entire agreement of the parties and supersede all prior written and oral agreements and understandings relating to the subject matter hereof. No representation, warranty,condition or agreement of any kind or nature shall be binding upon either party unless incorporated in this Development Agreement. 12.24 Capdm. Captions used at the beginning of Articles,Sections and Sub-sections are for convenience only and are not to be used in attempting to construe any part of this Development Agreement. 12.25 PxDj1Q=. Unless the context indicates otherwise, words'importing the singular numbershall include the plural and vice versa,and words importing person shall include firms, associations, partnerships and corporations, including public bodies and entities, as well as natural persons. Wherever it is provided hereunder that either party may terminate or cancel -29- fimal.agm 8/18/93 . ............... _p 5 ,,�� sinf• }x 54' '-.i r q rtkg 'yr av yili�n}rp Zf 1, S. ' �;tir , u �? ! . 76 • t d(+ut tii W`{3'� � �+r i. .1,.' .�S it �. s'_1' •'t.,,,:t i' ,e,. r' t. ,.n rim, s Ry. F! 1, r.- ♦ 1 y s w r�r •� �� 1 • • 1 • 1 - � 3 .fi' • , , • • y r • • • • ' ri+�L��•''!� 6'f o-aYi` 2i��k7 .f' !r ,:y �:"!e'�'�'"�w'` '+v,S':' ,• a:l'.tAwan4y Al r �.x rn--'*•-''gri'ih!<;:^+,iF F r 3.J ,.i t t.. ��pp�� •.'tr.'r. ,t, ti#�r�Sf�#'.,�r�w,,r :r •.cy,+r:.t$, Oil .r ' } :� q.! .;s r t., •r •`V ..a �`.,W47E+::�.•!,i i• .P^.� y� r;YS ':t� .4.5' �;�x..A•,tij,r.,d, �af'S' �`. t�. .i. . t 1'. R.' ,•14h.. ) x.f °.1.at-y't,.. r,',-�i.�,nr t' :Sse',; r,Aw:,N .t,st�°{t4 "5•aCst, t irr,: �kk ,y,. ,CS., i•:•is"1 1 Y, `,�' .f}��., .k'I�Sh.;At<a`�r ,.,�,� �17r�.'St.4ts jft. ,t,Y{Ihpthj;; J S 4 +, ,r ° ��.i i,'- ,rr'.. t'',1...,lf asf4�'ittr.t'j n��j,+r(F.�,��,,,� ,. ,1!!�;,- �r r_.[1 7 v.�''„r�y tS. .•,�"i�'F.Sz'„ � •�* ,J t t r ! y'' +''r i 1 :a4 :yt �'4xsl ,'i3s F '�i{`S�U yy•r�a�'kil �`4��'3�.';' }� t�'k`(,37y'_i},xxL�r�. is�' .i: .t y .S i. t i� a 1*y;. •*�` t qo .�..'' kag",�„ 7'fri'; .:r ' '� �'' #;r �4a..',�Yr +be .i A'r a '��, ;S+`;`..' ;� .37�,�,t 'F; a t, i .1t. k,• .f `'t S::',�i}R S' w,,U{ryt..yk,c.,�s,1,y fQ+✓,�ty'.i q:.`i��T t"t � .1�Fr.: tbz f}t�iii3 .t �: :3. .;;f '^ 4: 1y'f r., .t'.x''_ .! cY4'�iYt.t �yfy.,+,f .�.1,.L'lx'y�l: Y��s`�`�}..c�xw .�'+'.tf y.��J:° 4 '�'• 'ttCt.•ry:fic':,{!jf_p...a r�t'i 5. ykR'[i i . 'i 't'u i :J', �. 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