Resolution 2020-25 - Laserfiche WebLink

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Parties' obligations hereunder shall terminate; provided, however, that the City shall pay to Developer any Pledged Revenues accrued and appropriated for payment under this Agreement prior to such termination, to the extent permitted by law and any applicable court order. 8. Assignment. This Agreement is personal to Developer and Developer may not assign any of the obligations, benefits or provisions of the Agreement in whole or in any part without the expressed written authorization of the City. Any purported assignment, transfer, pledge, or encumbrance made without such prior written authorization shall be voidable by the City. 9. No Joint Venture. Nothing is this Agreement is intended or shall be construed to create a joint venture between the LRC, the City, and Developer and neither the LRC nor the City shall be liable or responsible for any debt or obligation of Developer. 10. Nothing in this Agreement is intended or shall be deemed or construed as creating any multiple -fiscal year direct or indirect debt or financial obligation on the part of the City within the meaning of Colorado Constitution Article X, Section 20 or any other constitutional or statutory provision. All financial obligations of the City under this Agreement are subject to annual budgeting and appropriation by the Louisville City Council, in its sole discretion. Notwithstanding anything in this Agreement to the contrary, in the event of non -appropriation, this Agreement shall terminate effective December 31 of the then -current fiscal year. NEXT PAGE IS THE SIGNATURE PAGE