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Thus, any election would necessarily result in a majority of the electors' approval to the <br /> annexation and the terms and conditions. <br /> 31. No Third-Party Rights. This Agreement is made solely for the benefit of the <br /> Parties hereto and their respective heirs, transferees, successors, and assigns, and is not mtended <br /> to nor shall it be deemed to confer rights to any other persons or entities. <br /> 32. Governing Law. The laws of the State of Colorado shall govern the validity, <br /> performance, and enforcement of this Agreement. Should either party institute legal suit or <br /> action for enforcement of any obligation contained herein,it is agreed that the venue of such suit <br /> or action shall be in Boulder County, Colorado or the federal district court for Colorado <br /> 33. Headings. The section headmgs m this Agreement shall not be used m the <br /> construction or mterpretatron hereof as they have no substantive effect and are for convenience <br /> only. , <br /> 34. Authonty&Counterparts. Owner warrants to the City that it is the record owner <br /> of the Property descnbed on Exhibit "A" and that its undersigned signatory has been duly <br /> authonzed to execute this Agreement on behalf of Owner. This Agreement maybe executed m <br /> counterparts, each of which shall be deemed an onginal but all of which shall constitute one and <br /> the same document. <br /> f <br /> 9 <br />