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HomeMy WebLinkAboutSettlement Agreement/ Unlimited Mutual Release 4-4 SETTLEMENT AGREEMENT AND UNLIMITED MUTUAL RELEASE This SETTLEMENT AGREEMENT AND MUTUAL RELEASE (the "Agreement") is entered into as of December 16, 2015 (the "Effective Date") among FirstMerit Bank N.A., successor-by-merger to Citizens Bank, N.A. ("FirstMerit"), the City of Oshkosh (the "City"), Oshkosh Industries, Inc. ("Oshkosh Industries"), Oshkosh Furniture, LLC ("Oshkosh Furniture") and Martin Cowie ("Cowie"). WHEREAS, in and around 2007 and 2008, Citizens Bank, N.A. ("Citizens") made certain loans to Oshkosh Industries, d/b/a The BuckStaff Company, and Oshkosh Furniture ("the Loans"); WHEREAS, the Loans were secured, inter alfa, by a real estate mortgage (the "Mortgage") on certain real property located at 1118 South Main Street, Oshkosh, Wisconsin, Tax Key No. 903-0427 (the "Premises"); WHEREAS, the Loans were further secured by certain personal guarantees of Cowie (the "Personal Guarantees"); WHEREAS, on or about February 14, 2011, Citizens commenced an action against Oshkosh Industries, Oshkosh Furniture, Cowie and the United States Small Business Administration seeking, among other things, foreclosure of the Mortgage on the Premises and enforcement of the Personal Guarantees, Case No. 11-CV-260 (Winnebago County) (the "Winnebago Action"); WHEREAS, on or about June 6, 2011, the Court entered an Order for Judgment and Judgment in the Winnebago Action that, among other things, ordered foreclosure of the Premises and entered judgment against Oshkosh Industries, Oshkosh Furniture, and Cowie (the "Foreclosure Judgment"); WHEREAS, on or about October 4, 2011, pursuant to the Foreclosure Judgment, the Winnebago County Sheriff conducted a sheriffs sale of the Premises at which Citizens was the high bidder; WIIEREAS, on or about December 19, 2011, the Court in the Winnebago Action entered an Order Confirming Sheriffs Sales, Amending Judgment, Determining"Fair Value", Establishing Amount of Indebtedness and Deficiency Judgment, which (a) acknowledged that Citizens "has not applied for confirmation of the premises located at 1118 South Main Street, Oshkosh, at this time"; and (b) established the deficiency judgment against Cowie in the amount of$1,637,256.48 (the "Deficiency Judgment"); WHEREAS, neither Citizens nor FirstMerit ever confirmed the Sheriffs sale with respect to the Premises or ever obtained title to the Premises; WHEREAS, on or about March 15, 2013, the City filed an action against Citizens in Winnebago County and, on or about April 24, 2013, the City filed an Amended Complaint against FirstMerit, alleging that the Premises present a fire and safety hazard and constitute a 4834-8584-6050.5 public nuisance (the "Alleged Nuisance") and that Citizens had exercised dominion, possession and control of the Premises, rendering FirstMerit liable to abate any nuisance and for additional fines, penalties and costs under State law and the City's municipal code, Case No. 13-CV-350, which allegations FirstMerit denied and denies; WHEREAS, or about May 24, 2013, FirstMerit removed that action to federal court, City of Oshkosh v. FirstMerit Bank, N.A., Case No. 1:13-CV-580 (the "Action") WHEREAS, on or about August 30, 2013, FirstMerit filed a Third-Party Complaint against Oshkosh Industries, Oshkosh Furniture, and Cowie in the Action, seeking indemnity and contribution with respect to any liability of FirstMerit to the City with respect to the Premises; WHEREAS, the Wisconsin Department of Natural Resources ("WDNR") and the United States Environmental Protection Agency ("USEPA") have asserted or threatened to assert claims against FirstMerit for past and future expenses, penalties, fines or other remedies incurred or to be incurred in connection with alleged past, existing or future environmental conditions on, associated with or related to the Premises (the "Claimed Environmental Conditions"); WHEREAS, it is the express and mutual intent of the parties that in consideration of the contribution to be made by FirstMerit for demolition of the structures on the Premises (with the exception of the footings, foundation and slab), FirstMerit shall have no further responsibility, liability or obligation of any kind, whether now or in the fixture, with respect to the Premises or the Claimed Environmental Conditions; NOW, THEREFORE, in consideration of the agreements, promises, releases and mutual covenants set forth in this Settlement Agreement and Mutual Release, the value and receipt of which are hereby acknowledged by each of the parties, it is agreed as follows: 1. DIVISION AND CONVEYANCE OF PREMISES. In order to facilitate the City's request for the Grant Funds, the Premises shall be divided into two parcels through use of a certified survey map. Such division shall occur as soon as practicable after the Effective Date, and Oshkosh. Industries, Oshkosh Furniture and Cowie shall not impede or impair, and shall provide reasonable access and cooperation to facilitate, division of the Premises. At Closing, Oshkosh Industries, Oshkosh Furniture and Cowie shall convey or cause to be conveyed to the City by warranty deed all right, title and interest in the Premises that any of them may hold for the purpose of conveying fee title in the Premises to the City and the Premises shall be free and clear of any non-property tax liens. The City shall be solely responsible for and pay (i) any transfer tax with respect to such conveyances; (ii) all costs of title examination and title insurance; and (iii) all recording fees with respect to such conveyances. FirstMerit shall, at Closing, convey to the City by quit claim deed and without warranty, all right, title and interest in the Premises it may possess, if any; rop vided, however, that FirstMerit denies that it now holds or ever field title to the Premises and all parties acknowledge that such conveyance is made at the City's request solely for the comfort and convenience of the City and shall not admit, concede or otherwise evidence that FirstMerit held title to the Premises at any time. 2 4834.8584-6050.5 2. PARTIAL DEMOLITION OF PREMISES, (a) Escrow Account and Escrow Agreement. Within thirty (30) days of the Effective Date, the parties shall establish an escrow account (tile "Escrow Account") at Bay Title & Abstract, Inc., LLC (the "Escrow Agent") for the purpose of managing disbursements of funds contributed by the Parties, as set forth herein, to accomplish partial demolition of the Premises. The terms and conditions of the Escrow Account and duties of the Escrow Agent shall be set forth in an escrow agreement to be promptly negotiated and executed by the parties (the "Escrow Agreement"), The Escrow Agreement shall provide that the Escrow Agent shall make payments from the Escrow Account only to the Demolition Contractors for the Demolition Services and for fees payable to the Escrow Agent as provided in the Escrow Agreement, and not to any other person or entity without the express written approval of all parties to the Escrow Agreement. (b) Grant Funds; Payment to Escrow Account by City. Not later than thirty (30) days after the Effective Date, the City shall apply for grants in an amount up to THREE HUNDRED THOUSAND AND NO 001100 DOLLARS ($300,000.00) from the Wisconsin Economic Development Corporation (thc "Grant Funds"). Within ten (10) days of receiving notification that the City's request for the Grant Funds has been approved, the City shall prefund the Escrow Account in an amount equal to the amount of the Grant Funds, Upon the receipt of invoices and other reasonable documentation demonstrating disbursements from the Escrow Account to the Demolition Contractors for the Demolition Services, the City shall seek reimbursement from the Wisconsin Economic Development Corporation through the Grant Funds, and all reimbursements or payments from the Grant Funds shall be retained by and be the sole property of the City. Furthermore, within ten (10) days of receiving notification that the City's request for the Grant bunds has been approved, the City shall pay such additional sum as, when added to the amount of the approved Grant Funds, shall equal not less than THREE HUNDRED SEVEN THOUSAND SIX HUNDRED THIRTY-THREE AND 001100 DOLLARS ($307,633.00) to the Escrow Account in cash or immediately available funds. (c) Payments to Escrow Account by FirstMerit and Cowie, Within ten (10) days of receiving notification that the City's request for the Grant Funds has been approved (i) FirstMerit shall pay the sum of FIVE HUNDRED AND THIRTY-TWO THOUSAND SIX HUNDRED THIRTY-FOUR AND NO 001100 DOLLARS ($532,631.00) to the Escrow Account in cash or immediately available funds; and (ii) Cowie shall cause the sum of TEN THOUSAND AND NO 001100 DOLLARS ($10,000,00) to be paid to the Escrow Account in cash or immediately available fiends. Under no circumstances, and regardless of whether or not the payments made by all Parties to the Escrow Account and the Grant Funds are sufficient to complete the Demolition Services, shall FirstMerit be obligated to make any additional contribution or payment of any kind to any person, including the Demolition Contractors, with respect to the Demolition Services, (d) Selection of Demolition Contractor, Oshkosh Furniture, or its designee, shall enter into an agreement with Statewide Razing Inc. that is substantially in the form of Exhibit A hereto and an agreement with Advanced Asbestos Removal, Inc, (with Statewide Razing Inc., the "Demolition Contractors") that is substantially in the form of Exhibit B hereto (Exhibits A and B, together, the"Demolition Contracts") pursuant to which the Demolition Contractors shall perform the Demolition Services. 3 4834.8584-6450.5 (e) Demolition Services; Administration and Oversight of Demolition Contracts. Cowie shall oversee and administer the partial demolition, removal and clean-up of the structures and fixtures on the Premises and associated asbestos abatement {the"Demolition Services") by the Demolition Contractors pursuant to the Demolition Contracts. Cowie shall keep the City informed of the execution of the Demolition Contracts and provide, or cause the Escrow Agent to provide, monthly updates and progress payment invoices from the Demolition Contractors reasonably sufficient for the City to seek reimbursement from the Grant Funds. The Demolition Services shall not include demolition, removal or clean-up of the footings, foundation or slab with respect to any structure oil the Premises (the "Demolition Exclusions"). Any party (other than FirstMerit) may demolish, remove or clean-up the Demolition Exclusions at any time, but any such demolition, removal or clean-up shall be at such party's sole expense, and such party shall bear all responsibility and liability in connection with such actions, including but not limited to, responsibility and liability for any environmental conditions or issues created by or discovered through the actions of such party, its agents or contractors with respect to the Demolition Exclusions, Other than the consideration expressly provided for in this Agreement, neither Cowie, Oshkosh Industries, Oshkosh Furniture nor any other person shall receive any compensation for any services rendered in connection with oversight and administration of the Demolition Contracts. When performing the services required in this Paragraph, Cowie shall be acting in his capacity as manager of Oshkosh Furniture. (f) Payment for Demolition Services. Subject to the terms and conditions of the Escrow Agreement and the Demolition Contracts, the Escrow Agent shall be directed to make payments to the Demolition Contractors from the Escrow Account on behalf of and for the benefit of Oshkosh Furniture in connection with the Demolition Services. To the extent that any funds remain in the Escrow Account after frill and final payment to the Demolition Contractors for the Demolition Services and payment of any contractually-required fee to the Escrow Agent, such excess funds shall be distributed to FirstMerit and the City as follows: (i) 64% to FirstMerit and (ii) 36% to the City. (g) Waiver of Permitting Fees or Other Charges by City. Tile City shall waive or be solely responsible for payment of all permitting fees, inspection fees or any other fees, charges or payments that the City may assess with respect to the Demolition Services under applicable law. (h) Responsibility for Real Estate Taxes; Liens The City shall take the Premises subject to any and all real estate taxes and special assessments and no others (the "Property Taxes and Assessments"), None of FirstMerit, Oshkosh Industries, Oshkosh Furniture or Cowie shall have any liability or responsibility, or obligation to any taxing authority or the City, with respect to the Property Taxes and Assessments. Notwithstanding the foregoing, Oshkosh Industries, Oshkosh Furniture and Cowie (i) represent and warrant to the City that there are no state or federal tax liens recorded against the Premises; and (ii) shall remain responsible for any such liens and the underlying tax obligations, if any. (i) Acknowledgment by City, Oshkosh Industries, Oshkosh Furniture and Cowie. The City, Oshkosh Industries, Oshkosh Furniture and Cowie hereby expressly acknowledge that (i) neither Citizens nor FirstMerit held fee title to the Premises at any time; (ii) FirstMerit shall have no right, title or interest of any kind or nature in the Premises as of and after 4 4834-8584.6050.5 Effective Date; (iii) the actions and transactions required of FirstMerit pursuant to this Agreement do not and shall not constitute or be claimed to constitute the exercise of possession, dominion or control by FirstMerit with respect to the Premises on or after the Effective Date; and (iv) the actions and transactions of the Demolition Contractors in connection with the Premises do not and shall not constitute or be claimed to constitute the exercise of possession, dominion or control by FirstMerit with respect to the Premises. 0) Closing. The closing of the conveyance of the Premises to the City shall take place at such place and time as the parties shall agree, but shall occur not later than September 30, 2016 (the "Closing"). 3. NO FURTHER NUISANCE CLAIM BY CITY, OSHKOSH INDUSTRIES, OSHKOSH FURNITURE OR COWIE. The City, Oshkosh Industries, Oshkosh Furniture and Cowie expressly acknowledge and agree that, other than its obligation to make payment to the Escrow Account in the amount provided in Paragraph 2(c), FirstMerit shall have no further responsibility, liability or obligation with respect to the Premises, the Demolition Contracts, the Demolition Services, or the Demolition Exclusions and no further responsibility, liability or obligation to abate, remediate or otherwise address any existing or future conditions in connection with the Premises or the Demolition Exclusions, including, but not limited to, any condition alleged to constitute a nuisance. The City, Oshkosh Industries, Oshkosh Furniture and Cowie further covenant that they will not assert any nuisance or other claim against FirstMerit with respect to the Premises, the Demolition Contracts, the Demolition Services or the Demolition Exclusions. 4. MUTUAL RELEASES. (a) By FirstMerit. For good and valuable consideration, the sufficiency of which is hereby acknowledged, FirstMerit for itself and its representatives, subsidiaries, affiliates, successors, assigns and anyone else claiming under or through FirstMerit (the "FirstMerit Releasors") hereby release and discharge the City, Oshkosh Industries, Oshkosh Furniture, Cowie and their affiliates, parents, subsidiaries, heirs, and all of their respective officers, directors, shareholders, agents,representatives, insurers, attorneys, members,predecessors, successors and assigns (the"FirstMerit Releasees") of and from any and all debts, demands,actions, causes of action, suits, damages, claims, grievances, charges and liabilities whatsoever of every name and nature, whether based on tort, contract or other legal or equitable theories of recovery, and whether known or unknown, asserted or unasserted,that the FirstMerit Releasors now have or ever had against the FirstMerit Relcasees arising, in whole or in part, from any and all matters, transactions, acts, omissions or events occurring from the beginning of time up to and through the Effective Date relating in any way to the Premises, including, but not limited to, all claims, counterclaims or third-party claims that were asserted or could have been asserted in the Winnebago Action or the Action and any and all claims relating to the Loans, the Mortgage, the Alleged Nuisance, the Claimed Environmental Conditions, or the Property Taxes and Assessments; row vided, however, that nothing herein shall be construed to release the FirstMerit Releasces from (i) any representation, warranty, liability, duty or obligation expressly arising under this Agreement or the Escrow Agreement; or(ii) the Deficiency Judgment (the treatment of which is addressed exclusively in Paragraph 7). The FirstMerit Releasors hereby consciously accept the risk that the scope of this release may include future damages, injuries, claims, 5 4834-8584-6050.5 obligations and liabilities that are presently unknown, unforeseen or not yet in existence and consciously intend to release same. The FirstMerit Releasors hereby covenant not to sue the FirstMerit Releasees, or any of them, with respect to any claim released pursuant to this Paragraph 4(a), In the event that the FirstMerit Releasors breach such covenant, the FirstMerit Releasees shall be entitled to recover all costs and expenses, including attorneys' fees, incurred in connection with the defense of such claims. (b) By Oshkosh Furniture, Oshkosh Industries and Cowie. For good and valuable consideration,the sufficiency of which is hereby acknowledged, Oshkosh Industries, Oshkosh Furniture and Cowie for themselves and their representatives, subsidiaries, affiliates, heirs, successors, assigns and anyone else claiming under or through them (the "Cowie Releasors") hereby release and discharge the City, FirstMerit and their affiliates, parents, subsidiaries, heirs, and all of their respective officers, directors, shareholders, agents, representatives, insurers,attorneys, members,predecessors, successors and assigns (the"Cowie Releasees") of and from any and all debts, demands, actions, causes of action, suits, damages, claims,grievances, charges and liabilities whatsoever of every name and nature, whether based on tort,contract or other legal or equitable theories of recovery, and whether known or unknown, asserted or unasserted, that the Cowie Releasors now have or ever had against the Cowie Releasees arising, in whole or in part, from any and all matters, transactions, acts, omissions or events occurring from the beginning of time up to and through the Effective Date relating in any way to the Premises, including, but not limited to, all claims, counterclaims or third-party claims that were asserted or could have been asserted in the Winnebago Action or the Action and any and all claims relating to the Loans, the Mortgage, the Alleged Nuisance, the Claimed Environmental Conditions, the Property Taxes and Assessments, or the Deficiency Judgment; rop vided, however, that nothing herein shall be construed to release the Cowie Releasees from any representation, warranty, liability, duty or obligation expressly arising under this Agreement or the Escrow Agreement. The Cowie Releasors hereby consciously accept the risk that the scope of this release may include future damages, injuries, claims, obligations and liabilities that are presently unknown, unforeseen or not yet in existence and consciously intend to release same. The Cowie Releasors hereby covenant not to sue the Cowie Releasees, or any of them, with respect to any claim released pursuant to this Paragraph 4(b). In the event that the Cowie Releasors breach such covenant, the Cowie Releasees shall be entitled to recover all costs and expenses, including attorneys' fees, incurred in connection with the defense of such claims, (c) By City, For good and valuable consideration, the sufficiency of which is hereby acknowledged, the City for itself and its representatives, subsidiaries, affiliates, successors, assigns and anyone else claiming under or through the City (the "City Releasors") hereby release and discharge FirstMerit, Oshkosh Industries, Oshkosh Furniture, Cowie and their affiliates, parents, subsidiaries,heirs,and all of their respective officers,directors, shareholders, agents, representatives,insurers, attorneys,members, predecessors, successors and assigns (the "City Releasees") of and from any and all debts,demands, actions,causes of action, suits, damages, claims, grievances, charges and liabilities whatsoever of every name and nature, whether based on tort, contract or other legal or equitable theories of recovery, and whether known or unknown, asserted or unasserted, that the City Releasors now have or ever had against the City Releasees arising, in whole or in part, from any and all matters, transactions, acts, omissions or events occurring from the beginning of time tip to and through the Effective Date relating in any way to the Premises, including, but not limited to, all claims, counterclaims or third-party claims that 6 4834-8584-6050.5 were asserted or could have been asserted in the Winnebago Action or the Action and any and all claims relating to the Loans, the Mortgage, the Alleged Nuisance, the Claimed Environmental Conditions, the Property Taxes and Assessments, or the Deficiency Judgment; rop videc_l, however, that nothing herein shall be construed to release the City Releasees from any representation, warranty, liability, duty or obligation expressly arising under this Agreement or the Escrow Agreement. The City Releasors hereby consciously accept the risk that the scope of this release may include future damages, injuries, claims, obligations and liabilities that are presently unknown, unforeseen or not yet in existence and consciously intend to release same. The City Releasors hereby covenant not to sue the City Releasees, or any of them, with respect to any claim released pursuant to this Paragraph 4(c). In the event that the City Releasors breach such covenant, tine City Releasees shall be entitled to recover all costs and expenses, including attorneys' fees, incurred in connection with the defense of such claims. 5, DISMISSAL OF ACTION. Within two (2) business days of Effective Date, the parties shall file a joint, stipulated motion requesting dismissal of the Action without prejudice and with each party bearing its own costs. Upon receipt by the City of notification that its request for the Grant Funds has been approved, the Action shall be deemed to have been dismissed with prejudice without notice or action by any Party or the Court. b. ASSUMPTION OF LIABILITIES AND INDEMNIFICATION OF FIRSTMERIT BY CITY. (a) Assumption. The City hereby assumes any and all liability and responsibility of FirstMerit, if any, arising from or relating to (a) the Claimed Environmental Conditions; (b) the existence or release of Hazardous Materials, known or unknown, on, under or migrating to or from the Premises or violations of Environmental Laws arising out of conditions existing or originating on the Premises prior to or as of the Closing, including, but not limited to any claims asserted by the WDNR or the USEPA with respect to the Premises; (c) any and all claims {including claims of nuisance} with respect to the Premises; (d) any and all claims arising from or relating to the Demolition Exclusions; and (e)the Property Taxes and Assessments (collectively, the "Assumed Liabilities"). As used herein, the term (x) "Hazardous Materials" means any hazardous or toxic substance, material or waste, including, but not limited to, those substances, materials and wastes listed in the United States Department of Transportation Hazardous Materials Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances (40 CFR Part 302) and amendments thereto, and such substances, materials and wastes that are or become regulated under any applicable local, state or federal law, including, but not limited to, petroleum and petroleum byproducts, asbestos and asbestos containing materials and lead and lead based paint; and (y) "Environmental Laws" means all applicable federal, state and local laws, regulations and ordinances pertaining to air and water quality, Hazardous Materials (as herein defined), waste disposal, air emissions and other environmental matters. (b) Indemnification. The City shall indemnify and hold harmless FirstMerit from and against any and all claims,judgments, damages, penalties, fines, costs, liabilities or losses (including, without limitation, reasonable attorneys' fees, consultant fees and expert fees) arising from or relating to the Assumed Liabilities, 7 4834-8584-$050.5 (c) City Authority. City hereby represents and warrants that (i) it has the power and authority to enter into this Agreement, including, without limitation, the indemnification obligation contained in this Paragraph 6; (ii) this Agreement and the indemnification obligation contained in this Paragraph 6 have been considered, authorized and approved by the Common Council of City; and (iii) the City's indemnification obligation in this Paragraph 6 is fully enforceable against the City in accordance with its terms. City acknowledges that FirstMerit has entered into this Agreement and agreed to make the payments required hereunder in reliance on this representation and warranty with respect to the authority of the City and the enforceability of the indemnification obligations in this Paragraph 6, 7. ASSIGNMENT OF DEFICIENCY JUDGMENT. Within ten (10) days after Closing, FirstMerit shall assign the Deficiency Judgment to a designee as directed by Cowie in writing. 8. OBLIGATIONS SUBJECT TO CONDITION SUBSEQUENT. In the event that the City(i) receives notice that its request for the Grant Funds has been denied or(ii) has not received notice that its request for the Grant Funds has been approved within ninety (90) days of the Effective Date, all rights and obligations of the Parties under this Agreement shall become null and void and this Agreement shall cease to be of any further force or effect; provided, however, that the City has exercised reasonable efforts in a good faith attempt to obtain approval of the Grant Funds. For the avoidance of doubt, in such event, the releases set forth in Paragraph 4 of this Agreement shall be null and void and the City may seek to reopen the Action or to file a new action against FirstMerit with respect to the Premises. 9. NO ADMISSION OF LIABILITY. The parties agree that the settlement embodied in this Agreement represents the compromise of disputed claims, and that nothing in this Agreement shall be construed as an admission of any fault or liability with respect to any claim, obligation or liability released. 10. NO ASSIGNMENT OF CLAIMS. Each party represents and warrants that neither it, nor any of its agents, representatives, officers, employees or attorneys has assigned, transferred, pledged, or purported to assign, transfer or pledge any actual or alleged claims, obligations or liabilities that are the subject of this Agreement and/or that are released in this Agreement. 11. ACKNOWLEDGEMENTS. Each party acknowledges that in entering into this Agreement it is relying on its own judgment, belief and knowledge and, as applicable, on that of any attorney it has retained to represent it in this matter. No party is relying on any representation or statement made by any other party or any person representing such other party, except for representations and warranties expressly set forth in this Agreement. 12. CONSTRUCTION. Each party, with the assistance of competent counsel, has participated in the drafting of this Agreement. The parties agree that this Agreement has been negotiated at arms-length by parties of equal bargaining power, each of which was represented by competent counsel of its own choosing. None of the parties hereto shall be considered to be the drafter of this Agreement of any provision hereof for the purpose of any statute, case law or S 4834-8584-6050.5 rule of interpretation or construction that would or might cause any provision to be construed against the drafter hereof. 13. COOPERATION. The parties agree to cooperate fully and execute any and all supplementary documentation that may be necessary or appropriate to give full force and effect to the basic terms and intent of this Agreement. 14. SEVERABILITY. Wherever possible, each paragraph of this Agreement shall be interpreted in such manner as to be effective and lid such shall be ineffebtive only to the ut if any provision shall be held to be prohibited or in P extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of the Agreement. 1$, INTEGRATION AND MERGER CLAUSE. This Agreement embodies tine entire agreement among the parties hereto with rssoecW�oisntieshe �jwhetheimatter express°grand npi ed have been and are no agreements,representations, written or oral, other than those set faith oetorwaFant for that naherein rep representation, p ornr Servant. Other than as stated herein, each party her inducement has been offered or made to induce such party to enter into this Agreement. 16. AMENDMENT OF AGREEMENT. bte1ea gft his parties hereto.eement my only be amended or modified by a writing that has been executedy 17. JOINT REPRESENTATIONS ANDWARRANTIES. and delivery S. flus Agreement and party to this Agreement represents and warrants: (a) that the execution the consummation of the transactions contemplated hereby ha b d n duly authorized y re party hereto-,by ll Agreementbind corporate or other actors necessary to enter into this that the execution and delivery of this Agreement creaoedar ceawi#h il and�srtermsiding�and {c) that the lr respective party, enforceable against such party in acc releases granted herein constitute legal and binding obligations of the FirstMerit Releasors, Cowie Releasors, and City Releasors, as applicable. 18, NO THIRD PARTY RIGHTS, This Agreement: (a) shall benefit and be binding upon the parties to this Agreement, their successors solidate;iand5(b)dis not intended toy corporation, other entity into or with which any party may merge nor shall it, create any rights, claims or defenses in any oth r pe1 [aimor s entity, defense av thence of doubt, nothing in this Agreement is intended to create yrights, Escrow Agent or the Demolition Contractors, 19. SATISFACTION OF CLAIMS FOR FEE ,SOSandcostTS sND E lawyerXPENS E d law S. h party to this Agreement shall be solely responsible for the firms retained by such party in connection with this matter, including but not limited to all settlement negotiations and the review and drafting of this Agreement. 20, EXECUTION. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shalllly executetitutone and the same instrument. Executed signature pages may beremoved counterparts and attached to one or more other counterparts in order to produce fully executed 9 4834-8584-6050.5 counterparts of this Agreement. This Agreement may be executed by facsimile copy or electronic transmission in portable document format (or equivalent document-scanning format) ("PDF"), and each signature (whether counterpart, facsimile or PDF) thereto shall be and constitute an original signature with the same force and effect, and together shall make this an effective, binding agreement by each of the parties, again as if all parties had executed a single original document. 21. CHOICE OF LAW. This Agreement is to be construed in accordance with and governed by the internal laws of the State of Wisconsin, without giving effect to any choice-of- law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Wisconsin to the rights and duties of the parties. 22. HEADINGS. The parties agree that the captions and headings in this Agreement are inserted for the convenience of reference only and shall not affect the interpretation of this Agreement. FIRS RIT ANK A. By: ' Its THE CITY OF OSHKOSH By: Mark Rohloff its: City Manager By: Pam R. Ubrig Its: City Clerk By: Lynn Lorensen Its: City Attorney By: Trena Larsen Its: Finance Director IO Errorl Unknown document property name. counterparts of this Agreement. This Agreement may be executed by facsimile copy or electronic transmission in portable document format (or equivalent document-scanning format) ("PDF"), and each signature (whether counterpart, facsimile or PDF) thereto shall be and constitute an original signature with the same force and effect, and together shall make this an effective, binding agreement by each of the parties, again as if all parties had executed a single original document. 21. CHOICE OF LAW. This Agreement is to be construed in accordance with and governed by the internal laws of the State of Wisconsin,without giving effect to any choice-of- law hoice-oflaw rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Wisconsin to the rights and duties of the parties. 22. HEADINGS. The parties agree that the captions and headings in this Agreement are inserted for the convenience of reference only and shall not affect the interpretation of this Agreement. FIRST MERIT BANK N.A. By: Its THE CITY OF OSHKOSH By: Marl ohloff its: City Manager By: .. Pam R. Ubrig its: City Clerk By n orenson Its: City Attorney By: . _ Trena Larson Its: Finance Director 10 OSHKOS IND S IES, INC. By: Its OSHKOSIJ,FURN U E, LC , By; Its c /� MARTIN J CO r M J. Co ie 11 Errorl Unknown document property name. EXHIBIT A Statewide Razing Ine. A Company to be "Wrecking" with! I03 Vosters Vista Combined Locks, Wl 54113 Phone(920)766.7778 PROPOSAL 15335 1112116 Andrew-Wronski Work to be Performed at: 777 East Wisconsin Ave. Oshkosh/Buekstaffproperty Milwaukee, Wl 53202-5306 S. Main St. Phone: (414)297-55 l$ Oshkosh, WI e-mail: AWronskinfoley.conw We hereby propose to furnish the materials and perform the labor necessary for the cotnplWon of demolition and removal of former Buckstaff building located in Oshkosh, Wl. Work to include: obtaining of city permits,taking down of building, removal and disposal of debris, removal of foundations four feet below grade, breaking up of basemont floor, recycling of aggregate material on site, capping of sewers and water at property line and backfill basement area with clean fill or recycled aggregate. Please note; no work beyond property line is included in this bid nor is topsoil or site restoration. Owner shall be responsible for testing, Conducting the asbestos inspection, securing DNR notification, handing and disposal of any and all hazardous waste including lead and asbestos. All salvage shall become property of the contractor All material is guaranteed to be as specified, and the above completed in a substantial workmanlike manner l'or the sura of. Fight Hundred Four Thousand Seven Hundred Fourteen Dollars ($$04.711). Weare offering a price reduction if work is awarded by March 1, 2016 with a start date of March 15, 2016. Contractors will be given 9 months from start date to complete work. Price rgduction w�ll be for the s -n of: 1 wenty Eig tt Thousand Tfiree Hundred Fifty Three Dollars( $28,353.) We.are offering a price reduction if foundations,concrete slabs and masonry material can remain in place on site for the sum of Ninety Seven Thousand Two Hundred Dollars( $97,200. ) Pap 1 oft pages F 5. n V^. There will be an additional charge for abandoning the well on site which will be based on time and material. Wapping of sewer or water,laterals in the side walk or street right of way will be additional charge of'- Five l':rive Thousand Dollars($5,000.) per cap Note-This proposal may be withdrawn by us if not accepted within 30 days, Payment is due within ten(10)days of completion. Payments not received within ten (10)days will he subject to 1.5% monthly interest, f S%annual interest. Any alteration or deviation from above specifications involving extra costs,will be executed only 11pol7 written orders, and will become an extra charge over and above the estimate. All agreements contingent upon strikes,accidents, weather conditions or delays beyond our control. Workmen's Compensation and Public liability Insurance on above work to be taken out by Statewide !fazing. Respectfully submitted, Glen Martin ACCEPTANCE OF PROPOSAL - w Q rc.cT -ru Aec eE P o���t rn ,{ �y � �� The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. n Signateus Date rtin Cowie, Manager of Oshkosh Furniture, LLC Paste 2 of 2 pages From: sWrazi 19@earthlink.net [mailto:swrazingQ�e Sent: Wednesday, December 30, 2015 6,41 AM To: Witte, Edward Subject; Re; FW: Estimate from Advanced Asbestos Removal, Inc [GK-Aetive,FiD2207730) Price per Building Building 21 $72,900 10 $148,500 6 $90,000 4 $26,244 5 $11,800 $ $65,610 1 $120,960 2 $20,160 17 $27,000 24 $14,500 23 $33,$$6 15 $34,680 3 $11,200 7 $2,376 This is what I have Glen Total costs are$679,161 EXHIBIT B F unty Rd, FF h, Wl. 54904I'i�'oposal 920.589-5077 Fax: 920-589.2907 Estimate iE aduasbestos@gmal] coal ADVXN b A 1OWr OS x tt9 gjfidr,`' '�ydf a a`3 tg ai RIZMOVl� L INC. 2131201G [50343 Ositkash Furniture,LLC l ormcr 1311ckstafl'Buiidin8s 1127 S.Main St, Oshkosh,Wl 54901 Office# Contact Fax 1r Alf Phone ,�. � -. '> ,� l, a':. s���9,5.CTi�}flQll�,� i�t��' z.•it;'� ,E i;�; e z � ' f+i r"%'r t � �bf5�is_; Properly remove oitd dispose of asbestos materials listed a,Ile,asbestos lllspeetioll report dated Dec,5,2013. Per descriptions,locations and gtiatitilles. 1'ricc daes not inchfdad Category 111011-friable nspllalt roofing materials that may,go will]demolition debris. 10 working day notficntioll to DNR and fee 00 ,325 Buildings 1,1A,2,4,5,6,7,8,10,13 nittl 14. 3 1,,325.00 Price ftiviudos floor the oil lvaotl listed h#buildings 6 and 10. Price does not include building 8,Category I tion•frInble appiled Nall coatings,tar pitch, 11,464 SK Price€ne111des 260 SP roofing materials fn poor condition.Building 13, Price includes 200 Sly roofing materials fn poorcondilfon.Building 14, Alternate 1.Building 15,f could loot located on s1,op.Hero is price. 2,900,00 A4aybe f lk building dogs not exist anymore, Alternate 2.Building 3.'rwo boilers to be d€su1a11tied and contents of€nspeclion report Except roof. 50,000.00 Time and nmtorials n0l to exceed 50,000.00,Labor rate of$50.00/(lour.Supervisor rr $65,00/1iour, Ahcrtiaty 3.131t11ding 8,Abate Category I non-t'rlable.applied Walt coatings,torpltch, 14,464 W. 86,784.00 'Illose materials may go with delnoliton debris to licensed landfill il'desired,Recolnnlcrtd demolition, 'rhure may addhiotral charges to remove those]]laterinfs becat,so of standlfrg water that will freeze, 'flils will llhidor abatement in this area. Noto:No price for buildhlgs 21 and 23.No asbestos reporletl except roof!hat may go`villi demolition debris, Condifioned on the Cify of Oshkosh seour1119 s11ftioierit grant funds from the Wisconsin P.cononlie Dvwolopment Corporatfolt. The start date for the work should be wfth111 10 days ofy0u reccivhig notice dial 1110 grant funds have been approved, T11e Ilr0*0011 eornplellon date shall be nifle moritfis front the Start date, !Respectfully 5ubmlited by; Total $179,,114.00 Ralph zelnpal,Prastderit The above prices,specifications and condillons are satisfactory and are hereby nccepted.You sire attllorizec€to complete the NVork as speclfletf.Payment will be made as outlillod below.Additionally,we reserve the right to withdraw(his proposal if not accepted within 30 days, l Signature . Z.t� Dole P'f r - Included in ther proposal is tite follow€ng: v, 1)labor,materials,and(lisposnl costs, Unless Otherwise,nofcd. 2)Liability,workers contpensalfon,pofluflon irisurnnce($1,000,000.00 coverage). Certificate of litsurallco upon request, 3)Notffication to DIIS/DMR prior to start orprojeol per proposal, 4)All documentation includhtg disposal manifest will tits provided ivllen project is completed, 5)Compliance of work performed will comply with all OSHA,DNR,1311A,DOT,and State of msconsin regulations governing the remoral of asbasios materials. 6)Certlljed Asbestos Coulpany!l170720. All erupioyces perforraiq asbestos related activities arc cerlif€ed by Wisconsin Dept,of Health Services, 7)'f eruts: Net 30 days 11poll substantial compfetlon, 1,5%finance charge Inr montll will be assessed on all overdue inoices. Lien waiver upoll request. Statewide Razing lile. A Company to be"Wrecking" with! 103 Vosters Vista Combined Locks, WI 54113 Phone(920)766-7778 PROPOSAL 15335 Andrew Wronski 1/12/16 Work to be Performed at: 777 East Wisconsin Ave. Oshkosli/Buckstaffproperty Milwaukee, W1 53202-5306 S. Main St. Phone. (414)297-5518 Oshkosh, Wl e-mail: AWronski(:(Pfoley.com We Hereby propose to filrnish the materials and perform the labor necessary for the completion of demolition and removal of former BLIckstaff building located in Oshkosh, Wl. Work to include: obtaining of city permits, taking down of building, removal and disposal of debris, removal of foundations forir feet below grade, breaking up of basement floor, recycling of aggregate material on site, capping of Sewers and water at property line and backfill basement area with clean fill or recycled aggregate. Please note: no work beyond property line is included in this bid nor is top soil or site restoration. Owncr shall be responsible for testing, conducting the asbestos inspection, securing DNR notification, handing and disposal of any and all hazardous waste including lead and asbestos. All salvage shall become property of the contractor All material is guaranteed to be as specified, and the above completed in a substantial workmaftlike manner for the sum of: Eight Hundred Four Thousand Seven Hundred FOui•teen Dollars ($804,714). We are offering a price reduction if work is awarded by March 1, 2016 with a start date of March 15, 2016. Contractors will be given 9 months from start date to complete =ork. Price reduction will be for the sum of. Twenty Eight Thousand T'liree Hundred Fifiy Three Dollars ($28,353.) We are offering a price reduction if foundations, concrete slabs and masonry material can remain in place on site foe the SClm of: Ninety Seven Thousand Two Hundred Dollars ( $97,200. ) Page 1 of pages "There will be an additional charge for abandoning the well on site which will be based on time and material. Capping of sewer or water laterals in the side walk or street right of way will be additional charge of: Five Thousand Dollars ( $5,000. ) per cap Note- This proposal may be withdrawn by us if not accepted within 30 days. Payment is due within ten (10)days of completion. Payments not received within ten(10)days will be subject to 1.5%monthly interest, 18% annual interest. An),alteration or deviation from above specifications involving extra costs, will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents, -weather conditions or delays beyond our control. Workmen's Compensation and Public Liability Insurance on above work to be taken out by Statewide Razing. Respectfully submitted, Yk Apr- Glen Martin ACCEPTANCE OF PROPOSAL 5't,,rire CT tv The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payment will be made as outlined above. ( /7 A SignahneeVt Date inCowie, Manager of J� Oshkosh Furniture, LLC Page 2 of 2 pages From: -swrazinq@earthlink,net[mailto:swrazin earthlink.net] Sent: Wednesday, December 30, 2015 6;41 AM To: Witte, Edward Subject: Re: FW: Estimate from Advanced Asbestos Removal, Inc [GK-Active.FID2207730] Price per Building Building 21 $72,900 10 $148,500 6 $90,000 4 $26,244 5 $11,800 8 $65,610 1 $120,960 2 $20,160 17 $27,000 24 $14,500 23 $33,686 15 $34,680 3 $11,200 7 $2,376 This is what I have Glen Total casts are$679,161 NSON STEINHILBER, SWANSON, MARESBRIAN LEE AA, PAUL NEEMARES RES DOUGLAS K.MARONE MARONE, & MCDERMOTT J. CL AS McDER CLAIRE ANN RE OTT SOP KENNETH R.SIPSMA ^ LAW W.MENN ATTORNEYS A T L A W NICHOLAS HAHN JOHN DRISCOLL JACK D.STEINHILBER(1977-2009) February 9, 2016 Amber Heise City of Oshkosh Legal Department PO Box 1130 Oshkosh, WI 54903-1130 RE: Asbestos Removal Contract Dear Ms, Heise: Enclosed herein please find the original Proposal for asbestos removal through Advanced Asbestos Removal, Inc., which has been executed by Martin J. Cowie in his capacity as managing member of Oshkosh Furniture, LLC. If you should have any questions, do not hesitate to contact me. Very truly yours, STEINHILBER, SWANSON, MARES, MARONE &McDERMOTT PAUL G. SWANSON Attorney at Law PGS is ' Enclosure 107 Church Avenue • P.O. Box 617 • Oshkosh,WI 54903-0617 122 W.Washington Ave.Suite 850 • Madison,WI 53703-2718 phone:920.235.6690 • fax:920.426.5530 • www.oshkoshlawyers.com i 1063 County Rd.FF T 5 Oshkosh, W1. 54904 Proposal Phone: 920-589-5077 Fax: 920-589-2907 advasbestos@gnlatl comAk VAN 0S Date Estimate# Asx FY 2/3/2016 �y# REt 150343 Work, oa��tlpn � 3 Oshkosh Furniture,LLC _- Former Buckstaff Buildings 1127 S.Main St. Oshkosh, WI 54901 Office# Fax# Contact Alt Phone A., vs FQ65Prfpt�q[1�3 `?... 3 re z r� s Properly remove and dispose of asbestos materials listed in the asbestos inspection report dated Dec,5,2013, y s fofa! Per descriptions,locations and quantities. Price does not included Catcgory I non-friable asphalt roofing materials that may go with demolition debris. 10 working day notification to DNR and fee Buildings 1,1A,2,4,5,6,7,8,10,13 and 14. 1,325.00 Price includes Door tile on wood listed in buildings 6 and 10. 38,105.00 Price does not include building 8,Category I non-friable applied wall coatings,tar pitch. 14,464 SF. Price includes 260 SF roofing materials in poor condition.Building 13. Price includes 200 SF roofing materials in poor condition.Building 14, Alternate 1.Building 15,1 could not located on utap.Here is price. Maybe this building does not exist anymore. 2,900.00 Alternate 2.Building 3.Two boilers to be dismantled and contents of inspection report.Except roof, Tiine and materials not to exceed 50,000.00.Labor rate of$50.001 hour,Supervisor C$65.001hour. 50,000.00 Alternate 3.Building 8,Abate Category I non-friable applied wap coatings,tar pitch. 14,464 SF. These materials may go with demolition debris to licensed landfill if desired.Recommend demolition. 86'784.00 There may additional charges to remove these materials because of standing water that will freeze. This will hinder abatement in this area. Note:No price for buildings 21 and 23.No asbestos reported except roof that may go with demolition debris. Conditioned on the City of Oshkosh securing sufficient grant fimds from the Wisconsin Economic Development Corporation. The start date for the work should be within 10 days of you receiving notice that the grant funds have been approved. The projection completion date shall be nine months from the start date. Respectful[y Submitted by t:al $1799114.00 Ralph Zempel,president The above prices,specifications and conditions are satisfactory and are hereby accepted.You are authorized to complete the work as specified.Payment will be niade as outlined below.Additionally,we reserve the right to withdraw this proposal if not accepted within 30 days. Signatur Da{e Included in the proposal is the following: 1)Labor,materials,and disposal costs. Unless otherwise noted. 2)Liability,workers compensation,pollution insurance($1,000,000.00 coverage). Certificate of insurance upon rest. 3)Notification to DHS/DNR prior to start of project per proposal, que 4)All documentation including disposal manifest will be provided when project is completed. 5)Compliance of work performed will comply with all OSHA,DNR,EPA,DOT,and State of Wisconsin regulations governing the removal of asbestos materials. 6)Certified Asbestos Company#170720. All employees performing asbestos related activities are certified by Wisconsin Dept.of Health Services. request. 7)Terms: Net 30 days upon substantia[completion. 1.5%finance charge per month will be assessed on all overdue inoices. Lien waiver upon