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City of Pequot Lakes <br /> 7/24/2020 <br /> Page 2 of 2 <br /> As part of the agreed resolution to this matter,and as an inducement to BCI to drop its claim for <br /> interest and any amount in excess of the final payment amount of�31,912.99,the City hereby <br /> fully and completely releases, acquits,and farever discharges BCI and its current and former <br /> shareholders, officers, employees,agents,representatives,insurers, attomeys,and other affiliates <br /> from any and all liability for any and all damages,actions,or daims, for liquidated or actual <br /> damages related to the claimed failure of BCI to timely complete work on the Project. <br /> Sincerely, <br /> Ryan oss <br /> President&CEO <br /> Boser Construction Inc. <br /> ACCEPTED AND AGREED TO: <br /> CITY OF PEQUOT LAKES, MINNESOTA <br /> By: <br /> James Tayloe, Its Mayor <br /> � <br /> t <br /> � <br /> � <br /> t <br />