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VIDO ARTUKOVICH AND SON, INC./VIDMAR, INC., A JOINT VENTURE
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VIDO ARTUKOVICH AND SON, INC./VIDMAR, INC., A JOINT VENTURE
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5/16/2018 1:39:03 PM
Creation date
5/16/2018 1:38:11 PM
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Contracts
Company Name
VIDO ARTUKOVICH & SON
Contract #
N-2018-075
Agency
City Attorney's Office
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2.6 Dismissal with Prejudice. Upon execution of this Agreement by Plaintiff and <br />performance of the acts identified in Section 3.1 below, Plaintiff will dismiss the Action against <br />Defendant with prejudice. <br />3. CONSIDERATION <br />3.1 In exchange for Plaintiffs agreement to dismiss the Action with prejudice against <br />Defendant, Defendant agrees to pay Plaintiff a sum of $14,300.00, Defendant shall make this <br />payment by authorizing the release of funds in the same amount to Plaintiff' from the escrow <br />account established for the project known as "Bristol Street Water Main Replacement", Project <br />No. 14-6439. Payment should be addressed to "Vido Artukovich and Son, Inc./Vidmar, Inc., a <br />Joint Venture" and sent to Michael Grimm at Monteleone & McCrory, LLP. Plaintiff agrees that <br />the remaining balance held in escrow shall belong and be payable to Defendant. <br />4. GENERAL PROVISIONS <br />4.1 Further Assurances. The Parties agree to execute such other documents and to <br />take such other action as may reasonably be necessary to further the purpose and terms of the <br />Agreement. <br />4.2 Benefit and Burden. This Agreement shall be binding upon and inure to the <br />benefit of the Parties and their respective successors and assigns. <br />4.3 Waiver and Amendment. No breach of any provision hereof can be waived <br />unless in writing. Waiver of any one breach shall not be deemed to be a waiver of any other <br />breach of the same or any other provision hereof, This Agreement may be amended only by a <br />written agreement executed by the Parties at the time of the amendment. <br />4.4 Severability. if any provision of this Agreement is held to be illegal or invalid <br />by a court of competent jurisdiction, such provision shall be considered severed and deleted; <br />Page 4 of 6 <br />
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