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<br />e <br /> <br />e <br /> <br />authorized representative of the City shall field inspect and approve the location of each <br />light to be installed. HL&P will identify each light numerically so as to increase the <br />efficiency of tracking and maintenance. <br /> <br />III. <br /> <br />The Association agrees to participate in the cost of installation of the said lights at Glen <br />Meadows Park in the following method. The Association agrees to pay the reduced cost <br />of installation for the project in the amount of Five Thousand Eight Hundred Fourteen <br />Dollars ($5,814). The City will assume responsibility for payment of the operation and <br />maintenance costs for the lighting. Operations and maintenance costs will be paid using <br />Joint Venture capital fund for the remainder of the current fiscal year. Subsequent costs <br />for maintenance and operation will be funded through the Parks & Recreation Department <br />operating budget. With the payment of the installation costs as delineated herein, the <br />Association's financial obligation will be at an end for this project. <br /> <br />IV. <br /> <br />The Association shall not assign, transfer, convey, sublet or otherwise dispose of the <br />Agreement, or any part, to any person, partnership, company, corporation, club or <br />association without prior written consent of the City of La Porte. <br /> <br />V. <br /> <br />This instrument contains the entire Agreement between the parties relating to the rights <br />granted in the agreement and the obligations assumed as a part of the Agreement. Any <br />representations or modifications concerning this agreement shall have no force or effect <br />unless modified in writing, and signed by each party to the Agreement. <br /> <br />VI. <br /> <br />This Agreement shall be in force for a period of one (1) year beginning with the date of <br />completion of the project installation. During the term of this Agreement, the Association <br />and the City may enter into separate Agreements regarding future capitai improvement <br />projects that may be contemplated in the City and the Association. <br /> <br />VII. <br /> <br />If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or <br />clause, of this Agreement shall, for any reason, not be legally or factually valid, such <br />invalidity shall not affect the remaining portions of this Agreement. <br /> <br />Page 2 of 3 <br />