Back to top

SHARED FACILITIES AGREEMENT by and between CAYUGA CATSKILL GAMING AUTHORITY and CATSKILL DEVELOPMENT, L.L.C.

Shared Facilities Agreement

SHARED FACILITIES AGREEMENT
 
                                 by and between
 
                        CAYUGA CATSKILL GAMING AUTHORITY
 
                                       and
 
                          CATSKILL DEVELOPMENT, L.L.C. | Document Parties: CATSKILL DEVELOPMENT, L.L.C. | CAYUGA CATSKILL GAMING AUTHORITY You are currently viewing:
This Shared Facilities Agreement involves

CATSKILL DEVELOPMENT, L.L.C. | CAYUGA CATSKILL GAMING AUTHORITY

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: SHARED FACILITIES AGREEMENT by and between CAYUGA CATSKILL GAMING AUTHORITY and CATSKILL DEVELOPMENT, L.L.C.
Governing Law: New York     Date: 3/3/2005
Industry: Casinos and Gaming     Law Firm: Latham & Watkins LLP; Sonnenschein Nath & Rosenthal    

SHARED FACILITIES AGREEMENT
 
                                 by and between
 
                        CAYUGA CATSKILL GAMING AUTHORITY
 
                                       and
 
                          CATSKILL DEVELOPMENT, L.L.C., Parties: catskill development  l.l.c. , cayuga catskill gaming authority
50 of the Top 250 law firms use our Products every day
  

 
                                                                   
EXHIBIT 10.10
 
================================================================================
 
 
 
                           
SHARED FACILITIES AGREEMENT
 
                              
   
by and between
 
                        
CAYUGA CATSKILL GAMING AUTHORITY
 
                                       
and
 
                          
CATSKILL DEVELOPMENT, L.L.C.
 
 
 
 
 
 
 
                            
Dated as of April 3, 2003
 
================================================================================
 
 
 
 
 
 
 
                                
TABLE OF CONTENTS
 
ARTICLE 1
  
DEFINITIONS; UNDEFINED
TERMS........................................2
    
Section 1.1
  
Definitions...................................................2
 
ARTICLE 2
  
TERM................................................................5
 
ARTICLE 3
  
COVENANTS OF THE
AUTHORITY..........................................5
 
    
Section 3.1
  
Operating Covenants of the Authority..........................5
    
Section 3.2
  
Construction Covenant of Authority............................5
 
ARTICLE 4
  
OPERATING COVENANTS OF
CATSKILL.....................................5
 
ARTICLE 5
  
SHARED FACILITIES BUSINESS
BOARD....................................6
 
ARTICLE 6
  
MAINTENANCE, OPERATION, AND MANAGEMENT OF COMMON AREAS;
           
ALLOCATION OF
COSTS.................................................7
 
    
Section 6.1
  
Maintenance of Common Areas...................................7
    
Section 6.2
  
Lighting......................................................8
    
Section 6.3
  
Maintenance of Gaming Facility................................8
    
Section 6.4
  
Maintenance of Track Facility.................................9
    
Section 6.5
  
Use/Maintenance Easement Area E (Pedestrian Sky Bridge).......9
    
Section 6.6
  
Security......................................................9
    
Section 6.7
  
Employment of Contractors or Personnel........................9
    
Section 6.8
  
Parking.......................................................9
    
Section 6.9
  
Allocation of Costs..........................................10
    
Section 6.10
  
Rights of Authority to Common Areas.........................10
 
ARTICLE 7
  
JOINT MARKETING AND
ADVERTISING....................................10
 
    
Section 7.1
  
Joint Marketing..............................................10
    
Section 7.2
  
Promotion Fund...............................................10
 
ARTICLE 8
  
CONDEMNATION.......................................................11
 
    
Section 8.1
  
Notice of Condemnation.......................................11
    
Section 8.2
  
Condemnation of Casino Property..............................11
    
Section 8.3
  
Condemnation of Track Property...............................11
    
Section 8.4
  
Restoration or Replacement Obligation of Catskill............11
    
Section 8.5
  
Condemnation Award...........................................11
    
Section 8.6
  
Condemnation Disputes........................................12
 
           
                            
(i)
 
 
 
 
 
ARTICLE 9
  
INSURANCE..........................................................12
 
    
Section 9.1
  
Casualty Insurance...........................................12
    
Section 9.2
  
Liability Insurance..........................................12
    
Section 9.3
  
Insurance Carriers: Form of Insurance Policies...............12
    
Section 9.4
  
Responsible for Respective Lots..............................13
    
Section 9.5
  
Waiver of Subrogation........................................13
    
Section 9.6
  
Blanket Policy...............................................13
 
ARTICLE 10
  
CASUALTY..........................................................14
 
    
Section 10.1
  
Notice and Restoration Obligations..........................14
    
Section 10.2
  
Insurance Proceeds..........................................14
    
Section 10.3
  
Razing of Damaged Property..................................14
 
ARTICLE 11
  
TRADE AND SERVICE
MARKS...........................................15
 
    
Section 11.1
  
The Authority's Trade and Service Marks.....................15
    
Section 11.2
  
Catskill's Trade and Service Marks..........................15
    
Section 11.3
  
Confidentiality; Exclusivity................................16
 
ARTICLE 12
  
DEFAULT, TERMINATION, DISPUTES AND
ARBITRATION....................16
 
    
Section 12.1
  
Default.....................................................16
    
Section 12.2
  
Mutual Termination..........................................17
    
Section 12.3
  
Waiver of Sovereign Immunity; Disputes; Arbitration.........17
    
Section 12.4
  
Indemnity...................................................18
    
Section 12.5
  
No Personal Liability.......................................19
 
ARTICLE 13
  
MECHANIC'S
LIENS..................................................19
 
ARTICLE 14
  
INTENTIONALLY DELETED
ARTICLE.....................................19
 
ARTICLE 15
  
MISCELLANEOUS
PROVISIONS..........................................19
 
    
Section 15.1
  
Government Savings Clause...................................19
    
Section 15.2
  
Third Party Beneficiary.....................................19
    
Section 15.3
  
Authorization...............................................20
    
Section 15.4
  
Relationship................................................20
    
Section 15.5
  
Notices.....................................................20
    
Section 15.6
  
No Waiver...................................................20
    
Section 15.7
  
Successors and Assigns......................................21
 
   
Section 15.8
  
Article and Section Headings................................21
    
Section 15.9
  
Choice of Law...............................................21
    
Section 15.10
  
Termination and Amendment..................................21
    
Section 15.11
  
Excusable Delays...........................................21
    
Section 15.12
  
Severability...............................................22
    
Section 15.13
  
Counterparts...............................................22
    
Section 15.14
  
Effective Date.............................................23
 
                                    
EXHIBITS
 
Exhibit A
   
Track Property
Exhibit B
   
Casino Property
Exhibit C
   
Site Plan
 
                                      
(ii)
 
 
 
 
 
                             
INDEX OF DEFINED TERMS
 
Arbitrator......................17
      
IGRA..................................3
Authority .....................1,2
      
Improvements..........................3
Authority's Marks...............15
      
Insurance Proceeds...................14
Award...........................11
      
Insured Casualty.....................14
Casino Property..................1
      
Landscape Improvements................3
Catskill.........................1
      
Lot...................................3
Catskill's Marks................15
      
Management Agreement..................4
Common Areas.....................2
      
Manager...............................4
Common Utility Facilities........2
      
Marketing Program....................10
Compact..........................2
      
Nation................................1
Condemn .........................2
      
Obligation ...........................4
Condemnation ....................2
      
Occupant..............................4
Condemnee ......................11
      
Parking Areas ........................4
Condemnor.......................11
      
Permitees ............................4
Declaration of Covenants.........2
      
Person................................4
Development Agreement ...........2
      
Plans and Specifications .............4
Easement Areas...................2
      
Promotion Fund ......................10
Enterprise ......................3
      
Property..............................4
Exclusive Use Area...............2
      
Restrictions..........................4
Gaming...........................2
      
Shared Costs.........................10
Gaming Authority.................2
      
Shared Facilities Business Board......4
Gaming Enterprise ...............3
      
Site Plan ............................4
Gaming Facility................1,3
      
Track Facility .....................1,4
Government Regulations...........3
      
Track Property........................1
 
                                     
(iii)
 
 
 
 
 
                           
SHARED FACILITIES AGREEMENT
 
THIS SHARED FACILITIES
  
AGREEMENT (this "AGREEMENT") has been entered into as of
April 3, 2003, by and between CAYUGA
  
CATSKILL GAMING
  
AUTHORITY,
  
together with
its permitted successors and assigns, having an address c/o Cayuga
Nation of New
York, Post Office Box 11,
  
Versailles,
  
NY 14168, (the "AUTHORITY") and CATSKILL
DEVELOPMENT,
  
L.L.C., together with its permitted successors and assigns, having
an
  
address
  
at Route
  
17B,
  
P.O.
  
Box
  
5013,
  
Monticello,
  
New
  
York
  
12701-553
("CATSKILL").
 
          
                          
RECITALS
 
WHEREAS,
  
Catskill
  
is
  
the
  
owner
  
of
  
certain
  
land
  
located
  
in the
  
city
  
of
Monticello, County of Sullivan, State of New York as shown by
shading on EXHIBIT
A attached hereto and made a part hereof (the "TRACK PROPERTY");
 
WHEREAS,
  
contemporaneously
  
with the effectiveness of this Agreement,
  
Catskill
shall
  
convey
  
land
  
adjacent
  
to the
  
Track
  
Property
  
located
  
in the
  
city of
Monticello, County of Sullivan, State of New York as shown by
shading on EXHIBIT
B attached
  
hereto and made a part hereof (the "CASINO
  
PROPERTY") to the United
States of
  
America to be held in trust for the
  
benefit of The Cayuga
  
Nation of
New York(the "NATION");
 
WHEREAS,
  
the Nation has established the Authority,
  
an
  
instrumentality
  
of the
Nation,
  
to which it has assigned its authority over the development and
conduct
of Gaming (hereafter defined) on the Casino Property;
 
WHEREAS,
  
the Nation and the Authority
  
contemplate
  
entering into a Land Lease,
pursuant to which the Nation shall lease its interest in the Casino
  
Property to
the Authority;
 
WHEREAS, it is intended by the Nation and the Authority that the
Authority shall
construct
  
and develop or cause to be
  
constructed
  
and
  
developed on the Casino
Property certain
  
buildings, 
 
improvements and fixtures (the "GAMING
  
FACILITY")
for the purposes of
  
operating a Gaming
  
Enterprise
  
(hereafter
  
defined) on the
Casino Property;
 
WHEREAS,
  
Catskill
  
intends to operate and improve,
  
or cause the
  
operation and
improvement
  
of, the
  
existing
  
horse
  
racing
  
track and
  
incidental
  
facilities
located upon the Track Property (the "TRACK FACILITY");
 
WHEREAS, prior to the execution and delivery of this Agreement,
  
Catskill as the
owner of the
  
Property
  
(hereinafter
  
defined)
  
has
  
recorded a
  
Declaration
  
of
Covenants; and
 
WHEREAS,
  
the
  
parties
  
intend
  
that if there is a conflict
  
between
  
the terms,
conditions
  
and
  
provisions
  
of this
  
Agreement
  
and the terms,
  
conditions
  
and
provisions of the
  
Declaration,
  
the terms,
  
conditions,
  
and provisions of this
Agreement shall govern.
 
NOW,
  
THEREFORE,
  
in
  
consideration
  
of the
  
payment of Ten ($10) and the mutual
covenants,
  
conditions and promises herein contained and other good and
valuable
consideration,
  
the receipt and sufficiency of which are expressly acknowledged,
the Authority and Catskill hereby agree as follows:
 
 
 
 
 
 
 
ARTICLE 1.
  
DEFINITIONS; UNDEFINED TERMS
 
Section 1.1
  
DEFINITIONS.
  
For purposes of this
  
Agreement,
  
the following terms
shall have the following
  
meanings.
  
All capitalized terms used herein,
  
but not
otherwise defined in this Agreement, shall have the respective
meanings ascribed
to them in the Management Agreement.
 
            
A. "COMPACT" shall mean the nation-state compact, and any
amendments
or modifications thereto, to be entered into between the Nation and
the State of
New York pursuant to IGRA, or such other Compact as may be
substituted therefor.
 
            
B. "COMMON AREAS" shall mean those
  
portions of the Casino
  
Property
and Track
  
Property
  
that are
  
available
  
for the common
  
use,
  
convenience
  
and
benefit of the parties hereto including, without limitation, the
Easement Areas,
the Parking
  
Areas,
  
Common
  
Utility
  
Facilities,
  
and any walkways,
  
connecting
passageways,
  
lobbies,
  
public conveniences or sidewalks
  
incidental thereto and
all other Improvements thereon, all as shown on the Site Plan.
 
            
C.
  
"COMMON
  
UTILITY
  
FACILITIES"
  
shall
  
mean
  
all
  
storm
  
drainage
facilities,
  
sanitary sewer systems, gas systems, water systems, fire protection
installations,
  
electrical
  
power
  
cables and
  
telephone
  
lines
  
situated on the
Property used for the joint service of the Lots.
 
            
D.
  
"CONDEMNATION"
  
or "CONDEMN"
  
shall mean a taking of property or
possession thereof pursuant to the power of eminent domain, or any
conveyance in
lieu of eminent domain made by a party under the threat of
condemnation.
 
            
E. "DECLARATION OF COVENANTS" shall mean that certain Declaration
of
Covenants,
  
Conditions and
  
Restrictions,
  
dated as of the date as of which this
Agreement is made, executed by Catskill Development, L.L.C.
 
            
F.
   
"DEVELOPMENT
   
AGREEMENT"
   
shall
  
mean
  
the
  
Gaming
   
Facility
Development and
  
Construction
  
Agreement,
  
dated as of the date as of which this
Agreement is made,
  
among the
  
Authority,
  
the Nation,
  
and
  
Monticello
  
Raceway
Development Company, L.L.C., as the same may be amended from time
to time.
 
            
G.
  
"EASEMENT
  
AREAS"
  
shall mean,
  
collectively,
  
Easement
  
Area A,
Easement
  
Area B,
  
Easement Area C, Easement Area D, Easement Area E (Pedestrian
Sky
  
Bridge),
  
Easement
  
Area F,
  
Easement
  
Area G (the Bus Staging Area and Bus
Drop-off Area), all as shown on the Site Plan.
 
            
H.
  
"EXCLUSIVE
  
USE AREA" shall mean those
  
portions of the Property
which are or may
  
become for the
  
exclusive
  
use of the
  
Occupant
  
of the Lot on
which they are located, as shown on the Site Plan.
 
            
I. "GAMING" shall mean any and all activities defined as Class II
or
Class III Gaming under the IGRA or authorized under the Compact.
 
            
J. "GAMING
  
AUTHORITY"
  
or
  
"AUTHORITY"
  
shall mean Cayuga
  
Catskill
Gaming Authority.
 
                                       
2
 
 
 
 
            
K. "GAMING
  
ENTERPRISE"
  
or
  
"ENTERPRISE"
  
shall mean any commercial
enterprise of the
  
Authority
  
authorized by IGRA and/or the Compact and operated
on the Casino
  
Property;
  
and any other lawful
  
commercial
  
activity
  
related to
Gaming allowed in the Gaming Facility
  
including,
  
but not limited to, automatic
teller
  
machines
  
and
  
subject to any
  
applicable
  
governmental
  
or
  
contractual
limitations,
  
the sale for individual
  
consumption of food, beverages,
  
tobacco,
gifts and souvenirs but excluding any
  
franchised or licensed
  
vendors
  
paying a
fee to the Gaming
  
Enterprise.
  
It is
  
acknowledged
  
by the parties
  
hereto that
"Gaming Enterprise" shall exclude any wagering activities related
to the outcome
of any
  
horse
  
racetrack
  
or
  
horse
  
racing
  
contest
  
conducted
  
off the
  
Casino
Property;
  
PROVIDED,
  
however, that if a horse racetrack or horse racing contest
has not been
  
conducted on the racetrack
  
that
  
comprises a portion of the Track
Property at any time during a
  
consecutive
  
twenty-four
  
(24) month period or if
such racetrack has been abandoned and not reoccupied within seven
(7) days after
notice
  
from the
  
Authority
  
to the
  
record
  
owner of the
  
Track
  
Property,
  
the
foregoing
  
prohibition
  
against
  
racetrack
  
wagering
  
activities
  
on the
  
Casino
Property shall (subject to applicable Legal Requirements) be of no
further force
or effect. The Gaming Enterprise includes any building or
accommodation used for
Gaming on the Casino
  
Property and related
  
on-site retail sales and services on
the Casino Property.
  
The Authority shall have the sole proprietary
  
interest in
and
  
responsibility
  
for the
  
conduct
  
of all
  
Gaming
  
conducted
  
by the
  
Gaming
Enterprise subject to the rights and
  
responsibilities
  
of the Manager under the
Management Agreement.
 
            
L. "GAMING
  
FACILITY"
  
shall mean the buildings, 
 
improvements,
  
and
fixtures,
  
now or
  
hereafter
  
located on the Casino
  
Property
  
within
  
which the
Gaming Enterprise will be housed.
 
            
M.
  
"GOVERNMENT
  
REGULATIONS"
  
shall
  
mean all
  
present
  
and
  
future
governmental laws, statutes, codes, ordinances, rules, regulations,
limitations,
restrictions,
  
orders, judgments and other governmental
  
requirements applicable
to the Property.
 
            
N. "IGRA" shall mean the Indian
  
Gaming
  
Regulatory
  
Act of 1988, PL
100-497,
  
25 U.S.C. ss. 2701 et seq. as same may, from time to time, be
amended.
 
            
O.
  
"IMPROVEMENTS"
  
shall
  
mean
  
all
  
structures
  
and
  
appurtenances
thereto
  
of every
  
type and kind,
  
including,
  
but not
  
limited
  
to,
  
buildings,
outbuildings,
  
huts, horse racing tracks, kiosks, garages, tunnels,
  
underground
installations,
  
irrigation and drainage devices or systems,
  
fountains,
  
fences,
screening
  
walls,
   
retaining
  
walls,
  
gateways,
   
porte
  
cocheres,
   
skybridges
(including
  
the skybridge
  
anticipated to be located in Easement Area D shown on
the Site Plan),
  
Parking Areas, Bus Staging Areas,
  
Bus Drop-off Areas,
  
loading
areas,
  
poles,
  
stairs,
  
escalators,
  
decks,
  
light standards,
  
signs,
  
benches,
walkways and Landscape Improvements.
 
            
P. "LANDSCAPE IMPROVEMENTS" shall mean any plantings,
  
ground cover,
trees and
  
shrubbery
  
now or hereafter
  
existing in Easement Area A and Easement
Area B shown on the Site Plan, all foundation planting areas and
the Bus Staging
Area and the Bus Drop-off
  
Area
  
together
  
with any
  
alterations,
  
systems,
  
and
equipment
  
installed
  
in order to enable
  
reasonable
  
irrigation,
  
lighting
  
and
maintenance of the plantings, ground cover, trees and shrubbery.
 
            
Q. "LOT" shall mean either the Casino Property or the Track
Property
as the context requires,
  
but shall not include streets or alleys that have been
dedicated to and accepted by any governmental
  
agency having jurisdiction in the
matter.
 
                                       
3
 
 
 
 
 
            
R. "MANAGER" shall mean Monticello Casino Management, L.L.C., or
any
successor thereto pursuant to the Management Agreement.
 
            
S. "MANAGEMENT
  
AGREEMENT" shall mean the Gaming Facility Management
Agreement,
  
dated as of the date as of which this
  
Agreement is made, 
 
among the
Authority, Manager and the Nation, as the same may be amended from
time to time.
 
            
T.
  
"OBLIGATION"
  
shall
  
have
  
the
  
meaning
  
ascribed
  
to it in
  
the
Declaration of Covenants.
 
            
U. "OCCUPANT" shall mean,
  
collectively,
  
the record owner of either
Lot and any Person from time to time
  
entitled to the use and
  
occupancy
  
of any
portion of the Property
  
under any lease,
  
license or concession
  
agreement,
  
or
other similar instrument or arrangement.
 
            
V.
  
"PARKING
  
AREAS"
  
shall mean those
  
portions of the Property set
forth on the Site Plan used for parking of motor
  
vehicles,
  
including,
  
without
limitation,
  
incidental and interior roadways and driveways, walkways, curbs and
landscaping
  
within
  
the
  
areas
  
used
  
for
  
such
  
parking,
   
together
  
with
  
all
improvements
  
which at any time are erected thereon (as the same may be expanded
or diminished).
 
            
W.
  
"PERMITEES"
  
shall
  
mean
  
all
  
Persons
  
which
  
may
  
utilize
  
the
Property,
   
including,
  
without
  
limitation,
   
Occupants
  
and
  
their
  
respective
employees, agents, contractors, service people, customers and
invitees.
 
            
X. "PERSON"
  
shall mean any
  
individual,
  
corporation,
  
partnership,
limited liability
  
company,
  
joint venture,
  
association,
  
joint-stock
  
company,
trust,
  
unincorporated
  
organization,
  
government
  
or any
  
agency
  
or
  
political
subdivision thereof or any other entity.
 
            
Y. "PLANS AND SPECIFICATIONS" shall have the meaning assigned in
the
Development Agreement.
 
   
         
Z. "PROPERTY" shall mean, collectively,
  
the Casino Property and the
Track Property.
 
            
AA. "RESTRICTIONS" shall mean the easements, covenants,
  
conditions,
restrictions,
  
liens
  
and
  
charges
  
and
  
other
  
encumbrances,
  
now or
  
hereafter
established or imposed by or pursuant to the Declaration of
Covenants.
 
            
BB.
  
"SHARED
  
FACILITIES
  
BUSINESS
  
BOARD" shall mean the
  
committee
established pursuant to Article 5 hereof.
 
            
CC. "SITE PLAN" shall mean that certain plan for the
  
development of
the
  
Property
  
attached
  
hereto and made a part hereof as EXHIBIT C, as the same
may be changed from time to time.
 
            
DD. "TRACK
  
FACILITY"
  
shall have the meaning
  
ascribed to it in the
Recitals.
 
                          
             
4
 
 
 
 
ARTICLE 2
   
TERM
 
The term of this Agreement shall commence on the
  
Commencement
  
Date (as defined
in the Management
  
Agreement) and, unless otherwise
  
terminated
  
pursuant to the
terms
  
of
  
this
  
Agreement,
  
shall
  
terminate
  
on
  
the
  
original
  
expiration
  
or
termination of the Management Agreement.
 
ARTICLE 3
   
COVENANTS OF THE AUTHORITY
 
Section 3.1 OPERATING
  
COVENANTS OF THE AUTHORITY.
  
Subject to the provisions of
Articles 8 and 10 hereof and to interruptions reasonably incident
to the conduct
of Gaming on the Casino Property, the Authority shall:
 
            
A.
  
continually
  
operate
  
or
  
cause
  
the
  
Gaming
  
Enterprise
  
to
  
be
continually
  
operated
  
on a
  
year-round
  
basis,
  
seven
  
(7)
  
days a
  
week
  
or as
otherwise operated pursuant to the terms of the Management
Agreement;
 
            
B. operate or cause the Gaming
  
Enterprise to be operated in a first
class manner
  
(including,
  
without
  
limitation,
  
the
  
maintenance
  
of sufficient
parking facilities);
 
            
C.
  
manage
  
and
  
operate
  
the
  
Gaming
  
Facility
  
under
  
a name to be
determined
  
by the
  
Shared
  
Facilities
  
Business
  
Board and under no other
  
name
without the prior
  
written
  
approval of Catskill,
  
which
  
approval
  
shall not be
unreasonably withheld; and
 
            
D. not use the Casino
  
Property for any other purpose other than the
conduct of Gaming
  
and any
  
incidental
  
entertainment,
  
parking,
  
restaurant
  
or
retail facilities in connection therewith.
 
Section 3.2 CONSTRUCTION COVENANT OF AUTHORITY.
  
The Authority covenants that it
shall develop and construct
  
the Gaming
  
Facility and make certain
  
renovations,
improvements
  
or
  
alterations
  
to the Track
  
Facility
  
free of defects
  
and in a
workerlike manner in accordance with the terms and provisions of
the Development
Agreement.
  
Catskill agrees that it shall look solely to the General
  
Contractor
to insure
  
that such work shall be free of defects and shall be
  
performed
  
in a
workerlike manner.
 
ARTICLE 4
   
OPERATING COVENANTS OF CATSKILL
 
Subject to the
  
provisions
  
of Articles 8 and 10 hereof and provided that Gaming
is being continuously
  
conducted on the Casino Property as provided in Article 3
hereof, Catskill shall:
 
            
A. from and after the date the Authority
  
completes the construction
contemplated
  
by the provisions of SECTION 3.2 hereof,
  
continually
  
operate the
Track Facility in a first-class
  
manner
  
consistent with operators of similar or
comparable racetrack facilities with a reasonable number of racing
days per year
and for other lawful purposes such as hotel,
  
entertainment,
  
retail, restaurant
and other similar uses other than Gaming as conducted on the Casino
Property and
industrial uses; provided that Catskill may conduct or operate any
lottery games
permitted
  
under
  
state law (e.g.
  
Quick Draw,
  
Pick 6, etc.) and slot
  
machines
 
                                       
5
 
 
 
 
 
permitted by state law provided the same is
  
incidental
  
to the use of the Track
Facility
  
as a racing
  
venue and such uses are
  
housed and
  
operated
  
within the
existing improvements; and
 
            
B. manage and operate the Track Facility under the name
  
"Monticello
Racetrack" or any
  
derivative
  
thereof and under no other name without the prior
written
  
approval of the Authority,
  
which
  
approval
  
shall not be
  
unreasonably
withheld.
 
Notwithstanding the above, Authority acknowledges that if at any
time during the
term hereof it is no longer commercially practical to operate the
Track Facility
as a racing
  
venue,
  
Catskill
  
may use the Track
  
Property
  
for any other lawful
purpose such as hotel, entertainment,
  
retail, restaurant and other similar uses
other than Gaming as
  
conducted
  
on the Casino
  
Property
  
and
  
industrial
  
uses,
provided
  
the same
  
does not
  
materially
  
adversely
  
interfere
  
with the use and
operation of the Casino Property and the Common Areas.
 
ARTICLE 5
   
SHARED FACILITIES BUSINESS BOARD
 
On or prior to the Issuance Date (as defined in the Development
Agreement),
  
the
Authority and Catskill shall establish the Shared Facilities
Business Board. The
Shared
  
Facilities
  
Business
  
Board
  
shall
  
be a
  
committee
  
consisting
  
of four
representatives,
  
two of whom are
  
appointed
  
by the
  
Authority,
  
one of whom is
appointed by Catskill
  
and one of whom is appointed by the Manager.
  
The members
of the Shared
  
Facilities
  
Business
  
Board
  
appointed by (a) the
  
Authority
  
and
Manager
  
shall (i) with
  
respect to the
  
Authority,
  
consist of the same members
appointed by it to the
  
Management
  
Business Board (as defined in the Management
Agreement)
  
and (ii) with
  
respect to Manager,
  
the member
  
appointed by Manager
shall be one of the same
  
members
  
appointed
  
by it to the
  
Management
  
Business
Board, and (b) Catskill shall be one of the same members
  
appointed by it to the
Development Business Board (as defined in the Development
Agreement). The Shared
Facilities
  
Business
  
Board
  
shall have the rights,
  
obligations
  
and powers set
forth
  
in
  
this
  
Agreement.
  
Except
  
as
  
otherwise
  
expressly
  
provided
  
in this
Agreement,
  
actions of the Shared
  
Facilities
  
Business
  
Board shall require the
affirmative vote of three members of the Shared
  
Facilities
  
Business Board. The
attendance
  
of three
  
members of the
  
Shared
  
Facilities
  
Business
  
Board at any
meeting
  
shall
  
constitute a quorum.
  
The Nation,
  
Catskill and Manager may each
change its respective
  
representatives to such board at any time,
  
provided this
Article 5 is complied with and notice is given in
  
accordance
  
with SECTION 15.5
hereof. Members of the Shared Facilities Business Board may
designate a proxy to
act on behalf of a named representative in the absence of such
representative to
the Shared
  
Facilities
  
Business
  
Board,
  
provided that such
  
designation
  
be in
writing by (x) in the case of the Authority,
  
the chairman of the Authority, (y)
in the
  
case
  
of
  
Catskill,
  
its
  
managing
  
director
  
or (z) in the
  
case of the
Manager, its managing director,
  
and that notice of such designation be provided
pursuant
  
to SECTION
  
15.5 of this
  
Agreement.
  
Such
  
proxy
  
shall have the full
authority to act, 
 
vote or consent on behalf of such
  
representative.
  
Except as
otherwise
  
expressly provided in this Agreement,
  
in order to be effective,
  
any
action of the Shared
  
Facilities
  
Business Board must be the result of agreement
by at least
  
three
  
(3)
  
members
  
of the
  
Shared
  
Facilities
  
Business
  
Board or
designees.
  
The Shared Facilities
  
Business Board shall remain active during the
entire term of this
  
Agreement.
  
The parties
  
hereby
  
agree to ensure that their
respective
  
representatives
  
to
  
the
  
Shared
  
Facilities
  
Business
  
Board
  
shall
cooperate
  
fully and to reach
  
agreement or compromise on all matters before the
Shared Facilities Business Board. In the event such agreement
cannot be reached,
the appropriate
  
action shall be determined in the manner provided in Article 12
 
                                       
6
 
 
 
 
 
hereof.
  
The parties shall cooperate in setting meeting schedules for the
Shared
Facilities
   
Business
   
Board
   
during
  
the
  
term
   
hereof.
   
Any
  
two
  
or
  
more
representatives of the Shared Facilities
  
Business Board shall have authority to
call a special
  
meeting of the
  
Shared
  
Facilities
  
Business
  
Board on three (3)
days' written notice (by facsimile or otherwise) to other
  
representatives
  
that
comprise the Shared Facilities Business Board on such date.
 
ARTICLE 6
   
MAINTENANCE, OPERATION, AND MANAGEMENT OF COMMON
            
AREAS; ALLOCATION OF COSTS
 
Section 6.1 MAINTENANCE OF COMMON AREAS.
 
            
A. The
  
Authority
  
shall,
  
or shall
  
cause the
  
Manager to, keep and
maintain the Common Areas on the entire Property including,
  
without limitation,
the Landscape Improvements between the Lots (and the Authority
shall have access
to the Track Facility for such purpose,
  
pursuant to and otherwise in accordance
with this
  
Agreement and the
  
Declaration of Covenants) in a good and safe state
of repair and in a clean and
  
orderly
  
condition
  
in keeping
  
with
  
commercially
prudent
  
standards
  
which
  
shall
  
include
  
(but
  
shall
  
not be
  
limited
  
to) the
following:
 
                
(i) All hard
  
surfaced
  
portions
  
of the Common
  
Areas
  
shall be
            
swept at
  
intervals
  
sufficient
  
to maintain the same in a clean and
            
safe
  
condition
  
and shall be kept
  
reasonably
  
clear of ice,
  
snow,
            
surface water, and debris before the Gaming
  
Enterprise or the Track
            
Facility
   
shall
  
open
  
for
  
business
  
to
  
the
  
general
  
public
  
and
            
thereafter during such operation.
 
                
(ii) All sidewalks in the Common Areas shall be swept and washed
            
at
  
intervals
  
sufficient
  
to maintain
  
the same in a clean and safe
            
condition.
 
                
(iii) All trash and
  
rubbish
  
containers
  
located
  
in the Common
            
Areas
  
for the use of
  
Occupants
  
or
  
Permitees,
  
shall be washed at
            
intervals sufficient to maintain the same in a clean condition.
 
                
(iv) All
  
landscaping
  
in the
  
Common
  
Areas
  
shall be
  
properly
            
maintained,
  
including
  
removal of dead plants,
  
weeds,
  
and foreign
      
      
matter and such
  
replanting
  
and
  
replacement
  
as the
  
occasion
  
may
            
require.
 
                
(v) All hard surfaced markings
  
(including all parking striping)
            
in the Common
  
Areas shall be
  
inspected
  
at regular
  
intervals
  
and
            
promptly
  
repainted as the same shall become unsightly or indistinct
            
from wear and tear or other cause.
 
                
(vi) All sewer catch basins in the Common Areas shall be cleaned
            
on a
  
schedule
  
sufficient
  
to 
 
maintain
  
all sewer
  
lines in a free
            
flowing condition.
  
All mechanical
  
equipment and storm and sanitary
            
sewer
  
facilities
  
shall be regularly
  
inspected
  
and kept in proper
            
working order.
 
                
(vii) All asphalt
  
paving in the Common Areas shall be inspected
            
at regular
  
intervals and
  
maintained
  
in a
  
first-class
  
condition,
            
which
  
maintenance
  
shall include patching and repair of chuckholes,
 
                                       
7
 
 
 
 
 
            
potholes
  
and
  
cracks
  
as they
  
appear
  
from
  
time to time and shall
            
include repaving if necessary.
 
                
(viii)
  
All
  
Common
  
Utility
  
Facilities
  
(including
  
all Common
            
Utility
  
Facilities in the Common Areas) shall be kept in good order
            
and repair.
 
                
(ix) All
  
directional
  
signs and
  
pavement
  
signs in the
  
Common
            
Areas shall be kept distinct and legible.
 
                
(x) All
  
lighting
  
and light poles in the Common
  
Areas shall be
            
kept in good order and repair (including repainting), and all
tubes,
            
ballasts, and bulbs shall be replaced as necessary.
 
                
(xi) All Common Area
  
stairways,
  
paths and
  
entrances,
  
if any,
      
      
shall be (a) swept and washed at
  
intervals
  
sufficient
  
to maintain
            
the same in a clean and safe
  
condition,
  
(b)
  
inspected
  
at regular
            
intervals,
  
and (c) promptly
  
repaired
  
upon the
  
occurrence
  
of any
            
irregularities or worn portions thereof.
 
The plan
  
pursuant to which the Authority
  
shall
  
perform the above
  
obligations
(e.g.
  
commencement,
  
frequency)
  
shall
  
be
  
adopted
  
by the
  
Shared
  
Facilities
Business
  
Board from the plan
  
proposed
  
by the
  
Management
  
Business
  
Board (as
defined in the Management Agreement) for the Gaming Facility.
 
            
B. All
  
Improvements on and to the Common Areas shall be repaired or
replaced by the Manager with materials,
  
apparatus, and facilities of quality at
least equal to the quality of the materials,
  
apparatus, and facilities repaired
or replaced.
 
            
C. The parties hereto agree that the
  
maintenance
  
and repair of all
other
  
portions of the
  
Property
  
not covered by this Article 6 shall remain the
sole cost and
  
responsibility
  
of, with respect to the Casino Property only, the
Authority,
  
and with
  
respect
  
to the Track
  
Property
  
only,
  
Catskill
  
or their
designees;
  
PROVIDED HOWEVER, Catskill and the Authority shall maintain and
keep
the Track Property and Casino Property,
  
respectively,
  
in a good and safe state
of repair and in a clean and orderly
  
condition in accordance with
  
commercially
prudent business standards.
 
Section 6.2 LIGHTING.
  
During any period when the Gaming
  
Enterprise is open for
business
  
and for
  
commercially
  
reasonable
  
periods
  
of time
  
when
  
the
  
Gaming
Enterprise
  
is
  
closed,
  
if any,
  
Catskill
  
shall
  
keep or
  
cause to be kept the
Parking
  
Areas on the Track
  
Facility
  
well lighted
  
during the period from dusk
until dawn,
  
with a minimum
  
maintained
  
intensity of not less than one (1) foot
candle measured at ground level.
 
Section 6.3 MAINTENANCE OF GAMING FACILITY.
  
The Authority shall (or shall cause
the same to be performed) (a) keep and maintain the interior and
exterior of the
Gaming
  
Facility
  
in a good and safe state of repair and in a clean and
  
orderly
condition,
  
and (b) during any hours when (i) the Track
  
Facility
  
shall be open
for business or when Occupants occupying
  
seventy-five
  
percent (75%) or more of
the
  
floor
  
area of any
  
building
  
located
  
on the Track
  
Property
  
are open for
business
  
and
  
(ii)
  
the
  
Gaming
  
Enterprise
  
is open
  
for
  
business,
  
and for a
reasonable
  
period of time before and after such hours,
  
provide adequate light,
heat, ventilation and air conditioning to the Gaming Facility in
accordance with
commercially prudent standards.
 
                                       
8
 
 
 
 
 
Section 6.4 MAINTENANCE OF TRACK FACILITY.
  
Catskill shall keep and maintain the
interior and
  
exterior of the Track
  
Facility in 

 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more