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GOALS OF THE AGREEMENT <br />VIII. It is the goal of the parties to ensure the continued provision of, and the expansion of <br />affordable housing for the residents of Louisville; <br />IX. Louisville and LHA believe that BCHA has strongly demonstrated its capabilities in the <br />development, operation, maintenance, and management of affordable housing in the towns or <br />cities of Lafayette, Longmont, Louisville, Lyons, Nederland, Niwot, and Erie, and throughout <br />Boulder County; <br />X. The Parties agree that the inefficiencies caused by the relatively small size of LHA's <br />portfolio and budget will be best remedied through the acquisition by BCHA of all of LHA's assets <br />for integration into BCHA's affordable housing portfolio, and that the consolidation of the two <br />authorities achieves a larger economy of scale, thereby strengthening the long -term viability of <br />affordable housing within Louisville and the region; <br />XI. The Parties intend to provide uninterrupted housing assistance and minimize disruption to <br />current LHA tenants during the implementation of this Agreement to the greatest extent <br />possible; <br />XII. The Parties recognize that the affordable housing needs of Louisville can best be met by <br />means of this Agreement and that this Agreement is designed to promote broad cooperation <br />between the Parties on affordable housing issues; <br />XIII. it is the goal of the Parties that LHA be in a position to dissolve at the conclusion of the <br />transactions completed in this Agreement; <br />PROPERTIES, FUNDS, AND DEBT <br />XIV. For the purpose of providing affordable housing to the residents of the City of Louisville, <br />LHA is the owner of certain real property, more particularly described in the legal descriptions <br />attached hereto and incorporated by reference herein as Exhibit A (the "Acme Place Property "), <br />Exhibit 13 (the "Lilac Place Property "), Exhibit C (the "Regal Court II Property "), Exhibit D (the <br />"Regal Square Property "), Exhibit E (the "Lincoln Street Property "), and Exhibit F (the "Hillside <br />Square Property ") (each, an "LHA Property" and collectively, the "LHA Properties "); <br />XV. LHA maintains funds in several accounts on its books and on deposit with Wells Fargo <br />Bank, including a general operating funds account, account number 163- 3967243 (the <br />"Operating Funds "); a security deposits account, account number 361 - 8283513 (the "Security <br />2 <br />