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any part without the expressed written authorization of the City. Any purported <br />assignment, transfer, pledge, or encumbrance made without such prior written <br />authorization shall be voidable by the City. <br />9. No Joint Venture. Nothing is this Agreement is intended or shall be <br />construed to create a joint venture between the LRC, the City, and Developer and neither <br />the LRC nor the City shall be liable or responsible for any debt or obligation of Developer. <br />10. Nothing in this Agreement is intended or shall be deemed or construed as <br />creating any multiple -fiscal year direct or indirect debt or financial obligation on the part <br />of the City within the meaning of Colorado Constitution Article X, Section 20 or any other <br />constitutional or statutory provision. All financial obligations of the City under this <br />Agreement are subject to annual budgeting and appropriation by the Louisville City <br />Council, in its sole discretion. Notwithstanding anything in this Agreement to the contrary, <br />in the event of non -appropriation, this Agreement shall terminate effective December 31 <br />of the then -current fiscal year. <br />NEXT PAGE IS THE SIGNATURE PAGE <br />0 <br />Agenda Packet P. 31 <br />