Exhibit 10.23(a)
AMENDMENT NUMBER TWO
TO
RIVERBOAT GAMING DEVELOPMENT AGREEMENT
BETWEEN CITY OF LAWRENCEBURG, INDIANA,
AND INDIANA GAMING COMPANY, L.P.
THIS AMENDMENT NUMBER TWO TO
RIVERBOAT GAMING DEVELOPMENT AGREEMENT (this
“Amendment”) is made as of the 20th day of August, 1996
by and between the City of Lawrenceburg, Indiana, an Indiana
municipality (the “City”), and the Indiana Gaming
Company L.P., an Indiana limited partnership (the
“Developer”) for the development of a riverboat gaming
operation.
RECITALS
WHEREAS, City and Developer have
entered into a Riverboat Development Agreement dated as of
April 13, 1994 (the “Original Agreement”), as
amended by Amendment Number One to Riverboat Gaming Development
Agreement dated as of December 28, 1995 (“Amendment
No. 1” and together with the Original Agreement the
“Agreement”); and
WHEREAS, City and Developer desire
to amend and supplement the Agreement in accordance with the terms
and conditions of this Amendment;
NOW, THEREFORE, in consideration of
the terms and conditions set forth herein, City and Developer
hereby agree as follows:
Article I
Definitions
Section 1.1.
To the
extent not otherwise defined herein, capitalized terms used in this
Amendment shall have the meanings ascribed thereto in the
Agreement, unless the context or use indicates another or different
meaning or intent.
Article II
Amendments to
Agreement
Section 2.1.
The
Agreement shall be, and it hereby is, amended by the addition of a
new Section 2.05 thereto, which addition shall follow
immediately after Section 2.04 of the Agreement, and which new
Section 2.05 shall be as follows:
“Section 2.05.
Property Rights Upon Termination of Gaming Activities at the
Site of the Temporary Boat . Upon termination of gaming
activities at the site of the Temporary Boat, ownership of the
transformer and the switch gear located at the site of the
Temporary Boat shall vest in the City and the Developer shall
purchase, at the direction of the City, and convey to the City a
barge to be located at the site of the Temporary Boat which barge
shall be not less than forty feet (40’) nor more than
eighty
feet (80’) wide and not less
than one hundred and fifty feet (150’) nor more than two
hundred feet (200’) long as determined by the
Developer.”
Section 2.2.
Section 3.02
of the Agreement shall be, and hereby is, amended by deleting
subsection (h) of Section 3.02 of the Agreement and
replacing same with a new subsection (h) which shall
provide:
“(h) The City
may use the $10,309,000 referred to as Item 5 in
Section 3.02(a) hereof as it determines in its sole
discretion, subject only to the approval of Developer, which
approval shall not be unreasonably withheld. Provided the use of
the funds reasonably satisfies Developer that its reasonably
projected sewage volume can be accommodated by the renovation or
replacement of the sewer plant, there shall be no restriction on
whether said funds are used to construct new facilities or to
upgrade existing facilities; or whether said facilities are built
by the City or by South Dearborn Regional Sewer District. City may,
at its sole discretion and subject only to Developer’s
reasonable approval set forth above, provide said funds to the
South Dearborn Regional Sewer District for modifications to
existing facilities and to pay the entire cost
thereof.”
Section 2.3.
Section 4.06
of the Agreement is hereby amended by renumbering
subsection (b)(vi) thereof as new subparagraph
(b)(ix) and adding new subparagraphs (b)(vi), (vii) and
(viii) as follows:
(b)(vi) A breach in the
Lawrenceburg Conservancy District flood protection levee with an
opening width of forty feet (40’) (“Levee
Breach”).
(b)(vii) A bridge over the
Levee Breach suitable for pedestrian passage which shall have a
width of not less than ten feet (10’). Developer further
agrees to use its reasonable efforts to coordinate the construction
of this Breach Bridge with City agents charged with the
responsibility of planning the levee walk project. Nothing in this
provision shall be construed to impose an affirmative obligation on
Developer to take any measures the reasonably anticipated result of
which could cause Developer to expend additional funds or delay the
completion of Developer’s construction (including delays
caused by Corps of Engineers permit considerations).
(b)(viii) Assistance to the
City in the City’s efforts to work with Central Railroad
Company of Indiana or CSX Transportation, Inc. in addressing
concerns of such railroads concerning the grade crossing of the
tracks at Walnut Street.
Section 4.06(g)(ii)(G) of the
Agreement shall be amended by adding to subparagraph (11) thereof
after the word “City” the following
language:
“together with those items
listed in Section 2.05 hereof.”
Section 2.4.
Section 5.04
of this Agreement is hereby amended by deleting the first sentence
of Section 5.04 and substituting therefor the
following:
“Within thirty (30) days of
the issuance by the Corps of Engineers of a permit to allow
construction to begin at the site of the Permanent Boat, Developer
shall submit to City a
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proposed construction
schedule indicating the anticipated starting and completion
dates of the various stages of the work to be performed to complete
the Project.”
Section 2.5.
Section 5.07(a) of
this Agreement is amended by deleting the first sentence thereof
and substituting therefor the following:
“Subject to the provisions of
subsection (b) and except as may otherwise be
provided in the final design or otherwise approved by City (which
approval shall not be unreasonably withheld), all materials and
equipment incorporated into the Project shall be of superior
quality and new, and all product warranties and guaranties
specifically called for by this Agreement shall expressly run to
the benefit of Developer; provided, however, that the foregoing
shall not preclude Developer from using as part of the Project
antiques or gaming equipment of comparable appearance that has been
properly reconditioned or refurbished.”
Section 2.6.
Section 5.19
of this Agreement is hereby amended by deleting the current
language and inserting the following language:
“City shall have authority to
disapprove or reject Work which is determined to be defective, and
shall also have authority, with respect to those improvements which
are intended to become publicly owned, to require special
inspection or testing of the Work whether or not the Work is
fabricated, installed or completed. Nothing herein shall be deemed
to modify or restrict the normal rights or functions of any
building inspector having jurisdiction over the
Project.”
Section 2.7.
Section 5.21(b) of
this Agreement is amended by deleting the existing language and
inserting therefor the following language:
“There shall be paid each
laborer or mechanic of the Contractor, Construction Manager or
Subcontractor engaged in Work under this Agreement a wage not less
than the prevailing wages in the Lawrenceburg area according to the
prevailing wage schedule established by the State of Indiana
and existing on the date thirty (30) days prior to the date on
which the contract for such Work is released for bid (the
“Wage Date”), regardless of any contractual
relationship which may be alleged to exist between the
Contractor, Construction manager or Subcontractor and such laborers
or mechanics; provided, however, all contracts bid prior to
July 15, 1996, are deemed approved as to wage rates contained
in said bid packages, provided the wage rates are paid by the
contractors performing said work. If the contract is not awarded
within ninety (90) days of the Wage Date, new prevailing wage rates
shall be required and shall be such prevailing wage rates in effect
on a date not more than thirty (30) days before the date of award
of the contract.”
Section 2.8.
Section 5.27(a) of
this Agreement is amended by deleting the existing language in its
entirety and substituting therefor the following:
“Developer shall provide, or
shall cause to be provided by the Contractor or Subcontractors,
Performance and Payment Bonds for not less than fifty percent (50%)
of the Work on the Project as measured by dollar amounts. Developer
shall have the right,
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in its discretion, to determine
which portions of the Work shall be the subject of the Performance
and Payment Bonds; provided, however, all of the Work relating to
the construction of the site for the Temporary Boat and all of the
Work for the new roadway from U.S. 50 to the site of the Permanent
Boat shall be fully covered by Performance and Payment Bonds. All
Bonds shall be in the forms prescribed by Applicable Laws and by
City, and be executed by such sureties as (i) are licensed to
conduct business in the State, and (ii) are named in the
current list of “Company’s Holding Certificates of
Authority as Acceptable Sureties on Federal Bonds and as Acceptable
Reinsuring Companies” as published in Circular 570 (amended)
by the Audit Staff Bureau of Government Financial Operations, U.S.
Treasury Department. All Bonds signed by an agent must be
accompanied by a certified copy of the power of attorney or other
instrument establishing the agents’
authority.”
Section 2.9.
Section 5.28
of this Agreement is amended to delete the existing language and to
substitute therefor the following language:
“(a) To the fullest
extent permitted by law, Developer shall indemnify and hold
harmless City and its consultants, agents and employees from
and