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1¢ <br /> f <br /> I ' <br /> �I. TE �OF AGREEMENT: This Agreeme�t shall be effective as of January 1, <br /> 2020 shall continue to December 31,2024. Tlus Agreement shall be in effect <br /> as det ' ed above unless terminated by eithe,r patty. Teimi.nation of the <br /> A ent by either party shall be effective by serving the other party with a <br /> writt otice of termination not less thau ninery(90)days prior to the date of <br /> 'on of the Agrcement. Either party,at its option,may taminate the <br /> Agr t as set forth above if the other party fa�its to comply with the terms and <br /> conditi ns of this Agreement. Tfie parties also agree that this Agreement may be <br /> renew on an annusl basis upon agreement of both parties. Renewa]of the <br /> Agr � t may be by written resolution of both parties prior to expiration of the <br /> Agree t term. <br /> '�'IL ASS ION OF LIABILITY: <br /> fi <br /> 1. equot Lakes agrees to assume all liability for Pequot Lakes' personnel <br /> �sing out of public works services performed pursuant to this Agreement <br /> Loon Lake agrees to assume all liability far Loon Lake personnel <br /> ` 'sing out of services performed pursuant to this Agreecnent. <br /> 2. �ach party agrees that the acts of its employees and agents for any activity <br /> ther than public works services identified herein shatl be its respotisibility <br /> � d each party indemnifies the other from any claims arising out of non- <br /> `ublic works activities caused by each party. <br /> 3. �equot Lsikes shall not be deemed to assume any liability for intentional <br /> znisconduct of Loon Lake personnel or any agent or empioyee thereof. <br /> �.00n Lake shall defend Pequot Lakes,its oi�icers,e�nployees,and agents <br /> �gainst,indemnify and hnld Pequot Lakas harmless from any claim for <br /> #Iamages resulting from tbe performance of the servicss by Loon Lake <br /> �tnder this Agreement. <br /> ' 4. �,00n Lake shall not be deemefl to assume any liability for intenrional <br /> ' iseonduct of Pequot Lakes' personnel or any agent or employee thereof. <br /> �equot Lakes shall defend Loon Lake,its officers,employees,and agents <br /> gainst,indemnify and hotd Lonn Lakc harmless from any claim for <br /> ;damages resulting from the performance of the services by Pequot Lakes <br /> '�nder this Agreement. <br /> 5. I�equat Lakes and Loon Lake shall maintain comprehensive municipal <br /> �iability coverage and automobile liability coverage in an amount equal ta <br /> �'r g�eater than the maximwn liability applicable to municipalities under <br /> �� innesota Statutes,Section 466.04,subd. 1.,as amended.Pequot Lakes <br /> =land Loon Lake shall add the other pariy as an additional insured to its <br /> �iability coverage for claims that may arise under tlus Agreement.Pequot <br /> i' <br /> i' <br /> !: <br /> !� <br /> �� <br /> �, <br /> �� 2 <br /> �; <br /> �� <br /> 4� <br /> i`. <br />