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<br />- <br /> <br />encumbrance or security interest upon any assets of such Party under any agreement or <br />instrument to which such Party is a party or by which such Party or its assets may be bound or <br />affected. <br /> <br />(C) This Agreement has been duly authorized, executed and delivered by such Party <br />and, constitutes a legal, valid and binding obligation ofthe such Party, enforceable in accordance <br />with its terms. <br /> <br />(D) The execution, delivery and performance of this Agreement by such Party does <br />not require the consent or approval of any person which has not been obtained. <br /> <br />ARTICLE 3 <br />THE PROJECT <br /> <br />3.1 The Proi ect. The Proj ect is intended to enhance the proposed implementation of a <br />development within the Zone as a whole, as more fully described in the Plan. <br /> <br />3.2 Proiect Description. The Project consists of improvements to the Shoreline of <br />Sylvan Beach Park as more fully described in the Project Agreements together with any <br />modifications, alternates or phased construction approved, in writing, by parties to the Project <br />Agreements. Project shall include all engineering, legal and other consultant fees and expenses <br />allowed by the Project Cooperation Agreement. <br /> <br />.- <br /> <br />3.3 Additional Proiects. This Agreement does not apply to any projects not <br />specifically defined herein unless this Agreement is amended to provide for the design and <br />construction of such additional projects. <br /> <br />ARTICLE 4 <br />DUTIES AND RESPONSIBILITIES OF THE CITY AND COUNTY <br /> <br />4.1 Responsibilities of the City. The City has entered into Project Agreements with the State <br />through the GLO in regard to the final design, bidding and construction funding of the Project. <br />The City agrees to comply with the covenants and agreements contained within the Project <br />Agreements. <br />4.2 Proiect Completion. Upon completion of the Project, the City shall provide the <br />Authority, Zone and County with a final cost summary of all costs associated with the Project, <br />and show that all amounts owing to contractors and subcontractors have been paid in full as <br />evidenced by customary affidavits executed by such contractors. The City shall also provide <br />verification to the Zone, Authority and County that the Project was constructed as authorized by <br />the GLO. <br /> <br />4.3 Responsibilities of the County. Upon receipt of verification that the Project was <br />constructed as authorized by the GLO, the County shall assist the City by performing the <br /> <br />Page 4 of 11 <br />