Resolution 2015-17 - Laserfiche WebLink

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Agreement, and each party shall cooperate and take such actions as may be necessary to allow such inspections and audits. BCHA acknowledges that implementation of this Agreement requires calculations based on the amount of fees collected and paid by BCHA with respect to the term of this Agreement and issuance of rebate payment checks in amounts determined pursuant to this Agreement, and that the amounts of the rebate payment checks will be public information. BCHA, for itself, its successors, assigns, and affiliated entities (including without limitation, the Owner), hereby releases and agrees to hold harmless the City and its officers and employees from any and all liability, claims, demands, and expenses in any manner connected with any dissemination of information necessary for or generated in connection with the implementation of rebate provisions of this Agreement. 6. Use of Funds; Future Fees. Funds rebated pursuant to Sections 2 and 3 of this Agreement, and the contribution made by the City to BCHA pursuant to Section 4 of this Agreement shall be used by BCHA solely to fund a subordinate loan to be made by BCHA to the Owner to support the construction and long term affordability of the Project. The proceeds of the loan funded by the rebates provided pursuant to Sections 2 and 3 of this Agreement are to be used by the Owner solely for the initial construction of the Project. The proceeds of the loan funded by the contribution in Section 4 shall be used by the Owner for repayment of debt or deferred payment obligations incurred to construct the Project. The financial assistance provided by the City under this Agreement is intended for the benefit of BCHA, and (except for the subordinate loans to be made by BCHA as provided above) are not intended to benefit, or be received by, Owner. Any construction activities subsequent to initial construction of the Project shall be subject to payment without rebate of all applicable building permit fees. 7. Entire Agreement. This instrument shall constitute the entire agreement between the City and BCHA for financial assistance and supersedes any prior agreements between the parties and their agents or representatives, all of which are merged into and revoked by this Agreement with respect to its subject matter. Contact information is as follows: If to BCHA: Boulder County Housing Authority Executive Director P.O. Box 471 Boulder, CO 80306 303.441.1000 If to City: Louisville City Hall City Manager 749 Main Street 3