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2. Paragraph 5. MANAGEMENT OF FINANCES is deleted and replaced as follows: <br />5. MANAGEMENT OF FINANCES <br />As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, <br />Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one - <br />half share may come from its own revenue sources or from funds received from state, federal <br />or other sources of funding without limitation and without prior Board approval. <br />Payment of each party's full share (LAFAYETTE - $75,000; CITY - $850,000; DISTRICT - <br />$850,000) shall be made to DISTRICT subsequent to execution of this Agreement and <br />within 30 days of request for payment by DISTRICT. The payments by PARTIES shall be <br />held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by <br />PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of <br />PROJECT funds as well as a periodic notification to CITY and LAFAYETTE of any unpaid <br />obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to <br />the special fund established by DISTRICT for PROJECT and such interest shall be used <br />only for PROJECT upon approval by the contracting officers (Paragraph 13). <br />Within one year of completion of PROJECT if there are monies including interest earned <br />remaining which are not committed, obligated, or disbursed, each party shall receive a share <br />of such monies, which shares shall be computed as were the original shares. <br />3. Paragraph 13. CONTRACTING OFFICERS AND NOTICES is deleted and replaced as follows: <br />13. CONTRACTING OFFICERS AND NOTICES <br />A. The contracting officer for CITY shall be the Director of Public Works, 749 Main <br />Street, Louisville, Colorado 80027. <br />B. The contracting officer for LAFAYETTE shall be the City Administrator, 12910 <br />South Public Road, Lafayette, Colorado 80026 <br />C. The contracting officer for DISTRICT shall be the Executive Director, 2480 West <br />26th Avenue, Suite 156B, Denver, Colorado 80211. <br />D. Any notices, demands or other communications required or permitted to be given by <br />any provision of this Agreement shall be given in writing, delivered personally or sent <br />by registered mail, postage prepaid and return receipt requested, addressed to <br />PARTIES at the addresses set forth above or at such other address as either party may <br />hereafter or from time to time designate by written notice to the other party given <br />when personally delivered or mailed, and shall be considered received in the earlier of <br />either the day on which such notice is actually received by the party to whom it is <br />addressed or the third day after such notice is mailed. <br />E. The contracting officers for PARTIES each agree to designate and assign a PROJECT <br />representative to act on the behalf of said PARTIES in all matters related to <br />PROJECT undertaken pursuant to this Agreement. Each representative shall <br />coordinate all PROJECT related issues between PARTIES, shall attend all progress <br />\dcm \agrmnt\ 11/110403C 3 <br />