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Without waiving the privileges and immunities conferred by the Colorado Governmental Immunity Act, Section <br />24-10-10 I et seq., C.R.S., each party shall be responsible for any claims, demands or suits arising out of its own <br />negligence. It is specifically understood and agreed that nothing contained in this paragraph or elsewhere in this <br />Agreement shall be construed as an expressed or implied waiver by any party of the rights, immunities, protections, <br />and limitations afforded the parties by the Colorado Governmental Immunity Act, C.R.S. §24-10-101 et seq., as <br />same may be amended from time to time. <br />4. Non -Appropriation. <br />Because this Agreement may extend beyond the current fiscal year, the parties understand and intend that the <br />obligation of the parties to pay any costs hereunder constitutes a current expense of the parties payable exclusively <br />from the parties' funds and shall not in any way be construed to be a general obligation of indebtedness of the parties, <br />within the meaning of any provision of Article XI of the Colorado Constitution, or any other constitutional or <br />statutory indebtedness. None of the parties has pledged the full faith and credit of the state, or the parties, to the <br />payment of the charges hereunder, and this Agreement shall not directly or contingently obligate the parties to apply <br />money from, or levy, or pledge any form of taxation to the payment of any costs. Notwithstanding any other <br />provision of this Agreement to the contrary, any financial obligation of any party extending beyond its current fiscal <br />year shall be subject to annual appropriation, budgeting, and availability of funds, and in the event of a non - <br />appropriation relative to this Agreement, the ELA, or both, this Agreement shall terminate effective December 31 <br />of the then -current fiscal year. <br />5. Notices. <br />Any notices, bills, invoices, or other documents required by this Agreement shall be sufficiently delivered if sent <br />by the parties in the United States mail, postage prepaid, or by email to the parties at the following addresses: <br />City of Louisville Town of Estes Park <br />749 Main Street PO Box 1200 <br />Louisville, CO 80027 Estes Park, CO 80517 <br />Attn: Kurt Kowar (kurtk alouisvilleco.gov) Attn: Reuben Bergsten (rbergsten(cr�,estes.org) <br />6. Default. <br />In the event any party fails to make any payment required by Louisville, or perform any other covenant of this <br />Agreement, such party shall be provided written notice that its participation in this Agreement will be terminated <br />unless cured within thirty (30) days of the notice of default. Unless termination is due to non- appropriation of funds, <br />termination shall not relieve the defaulting party of any financial obligations that were due prior to the default and <br />such obligation shall be subject to all costs of collection including reasonable attorney fees. <br />7. Joinder of Additional Parties. <br />Additional parties may, subject to the unanimous approval of all current parties, and upon approval of Lucity, and <br />execution of a sublicense agreement, become parties to this Agreement, upon which the parties shall adjust the <br />financial responsibility of each based upon each entity's population. <br />2 <br />