Ordinance 2587-02 - Laserfiche WebLink

6.4.4 If the City elects to exercise joint operational control of the Regional Center and any dispute arises between the City and the District over operational decisions, all such disputes shall be resolved by the unilateral decision of the City. If the District fails to take any of the foregoing actions, the City shall have the right to take such actions on behalf of the District. 6.5. Request for Further Assurances. At such times as the City has a reasonable reason to believe that the District may default on its financial obligations, the City may demand from the District, upon approval by a majority plus one vote of the City Council, assurance of its ability to meet its obligations under this Agreement. Failure of the District to provide, within thirty (30) days following the written request of the City Council, such adequate assurances of its ability to perform the terms of this Agreement, the City shall have the right to exercise all its rights hereunder as if the District were in default of its obligations. 6.6 Other Remedies. The City also may exercise any other remedies it may have under any other agreement with the District relating to the Regional Center, including but not limited to the Ground Lease, or at law or in equity, in the event of a default by the District under this Agreement and to enforce the City's rights under this Agreement. 7. NOTICE OF CLAIMS. The District shall give the City notice of any claim not previously authorized by the District, against the District of ONE HUNDRED THOUSAND and no/100 DOLLARS ($100,000.00) or more within thirty(30) days of receipt of any such claim. 8. INSPECTION OF RECORDS. The District will keep available for inspection by representatives of the City records and accounts pertaining to this Agreement together with those of the operations and finances of the Regional Center. The District shall provide such reports and information as the City may request. The production and copying of such records and reports shall be at no cost to the City. The District will keep such records and documents available for a period of six (6) years after the termination or expiration of the Agreement, unless law requires a longer retention period. If any litigation, claim, or audit arising out of, in connection with, or related to the Agreement is initiated before the expiration of the six (6) year period, the records and accounts shall be retained until such litigation, claim, or audit involving the records is completed. 9. INTEGRATION AND AMENDMENT. The Agreement and any collateral instruments referenced herein or attached hereto, including the Ground Lease and other interlocal agreements relating to the Regional Center to which the District and the City are parties, contain the entire agreement between the City and the District and shall not be modified or amended in any manner except by an instrument in writing executed by the City and District (and with the prior written consent of the Bank if in regard to the provisions of Subsection 4.1.2 of this Agreement). No prior agreement, correspondence, or portions thereof shall be used to interpret, modify, or explain the terms of the Agreement in the event that a dispute arises with respect to the Agreement. This Agreement, the Ground Lease and such other interlocal agreements shall be interpreted to effectuate the intent of all such agreements. -13- INTERLOCAL FINANCING AGREEMENT 900203010