Resolution 2006-20 - Laserfiche WebLink

Home Browse Search

JUL -05 -2006 WED 09 :11 AM CITY OF LAFAYETTE 8. EXECIJTION IN COUNTERPARTS. This Agreement may be executed in several counterparts, each of which shall he deemed on originaI and all of which shall constitute but one and the sank instrument. FAX NO. 3036652153 7.. GOVERNING LAW. This Agreement shall be governed by the laws of the State of Colorado. 9. NO THIRD PARTY BENEFICIARIES. This Agreement is intended to describe the rights and responsibilities only as to thc Parties hereto. This Agreement is not intended and shall not be deemed to confer any rights on any person or entity not named as a party hereto. Cimarron Drive IC,A 13. MINOR CHANGES. This Agreement has been approved in substantially the form submitted to the governing bodies of the Panics. The officers executing this Agreement have been authorized to make and may have made minor changes in thc Agreement and attached exhibits, if any, as they have considered necessary. So long as such changes were consistent with the intent and understanding of the Parties at the time of approval by the governing bodies, the execution of this Agreement shall constitute the approval of such changes by the respective Parties. 14. GOOD FAITH OF PARTIES. In the performance of this Agreement or in considering any requested approval, acceptance, or extension of time, the Parties agree that each will act in good faith and will not act unreasonably, arbitrarily, capriciously, or unreasonably withhold, condition, or delay any approval, acceptance, or extension of time required or requested pursuant to this Agreement. 15, RESPONSIBILITY FOR LEGAL PROCEEDINGS. Lafayette shall be responsible liar defending itself, its officers, and employees in any civil action brought against Lafayette, its officers, and employees by any person claiming injury and damages as a result of the performance of this Agreement.. Likewise, Louisville shall be responsible for defending itself, its officers, and employees in any civil action. brought against Louisville, its officers, and Page 4 of 8 P. 05 10. EXECUTION RE)UIRED. This Agreement shall not be binding upon any Party hereto unless and until all of the Parties have executed this Agreement. 11. TERM. Subject to termination for failure to appropriate as provided below, this Agreement shall become effective upon its execution byl'ihe Parties; shall continue for an initial term through calendar year 2015; and shall be automatically renewed on a calendar year -to- calendar year basis thereafter unless terminated by either party in writing served upon the other party no later than ninety (90) days prior to the expected date of termination. 12. APPROPRIATIONS. All financial obligations of both parties for years beyond 2006 shall be subject to appropriations by the respective governing bodies. In the event that either party fails to appropriate funds to carry out its financial obligations for any year subsequent to 2006, this Agreement shall terminate on December 31 of the last year for which appropriations were made.