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this Agreement. The parties covenant that neither will initiate any legal <br />challenge to the validity or enforceability of this Agreement, and the parties <br />will cooperate in defending the validity or enforceability of this Agreement <br />against any challenge by any third party. Any funds appropriated for <br />payment under this Agreement shall be escrowed in a separate City <br />account in the even[ theie is a legal challenge to this Agreement. <br />16. Personal Agreement; Assignment. This Agreement is personal to the <br />Company and does not attacn to or run with the Property. Neither party shall <br />record this Agreement in the property records of the Boulder County Clerk <br />and Recorder. The Company may riot assign any of the obligations, benefits <br />or provisions of the Agreement in whole or in any part without the express <br />written authorization of tn-- City Council of the City. Any purported <br />assignment, transfer, pledge, or encumbrance maae without such prior <br />written authorization shall oe void. <br />17. No Joint Venture. Nothing in this Agreement is intended or shall be <br />construed to create a joint venture between the City and the Company and <br />the City shall never be liable or responsible for any debt or obligation of <br />Company. <br />18. No Third -Party Beneficiaries. The terms and conditions of this Agreement, <br />and all rights of action relating to such enforcement, shall be strictly <br />reserved to City and Company, and nothing containea in this Agreement <br />shall give or allow any such claim or right of action by any other third party <br />on such Agreement. It is the express intention of the parties that any person <br />other than City or Company receiving services or benefits under this <br />Agreement shall be deemed to be an incidental oeneficiary only. <br />This Agreement is enacted this I ith aay of Jules 2023. <br />PARCEL % PRODUCTIONS LLC CITY OF LOUISV,i-LE <br />a Colorado limited liability company <br />Jeff Y _# Dennis Maloney <br />Ow er Mayor <br />ATTEST: <br />Meredyth Muth, City Clerk <br />1.1 <br />