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MGM Springfield Host Community Agreement Execution Copy

MGM Springfield Host Community Agreement Execution Copy

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Published by masslive
The Host Community Agreement by and between the City of Springfield and Blue Tarp Development, LLC (MGM Springfield)
The Host Community Agreement by and between the City of Springfield and Blue Tarp Development, LLC (MGM Springfield)

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Published by: masslive on May 02, 2013
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07/16/2013

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(a) Blue Tarp shall pay the due and unpaid Development Process Cost Fees
on or before the fifth (5th

) Business Day following the execution of this
Agreement by Blue Tarp, and thereafter in accordance with the procedures set
forth in Section 4.4(b). Any such Development Process Cost Fees due the City’s
consultants shall be paid by Blue Tarp directly to such consultants.

(b) The City shall invoice Blue Tarp from time to time, but no more
frequently than monthly for the Development Process Costs incurred since the
prior monthly invoice. Blue Tarp shall pay such invoiced Development Process
Cost Fees within fifteen (15) Business Days from the date of the invoice, directly
to the third parties with respect to whom the City incurred the Development
Process Cost Fees in accordance with the instructions provided in the invoice.
Such third parties shall be intended third-party beneficiaries of Blue Tarp’s
obligation to pay Development Process Cost Fees. The City invoice provided by
the City shall include a summary of the charges and such detail as City reasonably
believes is necessary to inform Blue Tarp of the nature of the costs and expenses,

subject to privilege and confidentiality restrictions. At Blue Tarp’s request, the

City shall consult with Blue Tarp on the necessity for such charges during the five

(5) Business Days period immediately subsequent to Blue Tarp’s receipt of such
summary. Blue Tarp’s obligation to pay Development Process Cost Fees incurred

by the City prior to any termination of the Agreement shall survive termination of
the Agreement.

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