04-12-21 McLarrin sworn - Laserfiche WebLink

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C. Upon completion of construction of the Project, County shall assume Rill ownership of and responsibility for the maintenance and repair of the Project. H. Funding A. Upon execution of this Agreement by the Parties, the County will invoice the City for the Initial Funding, and the City shall remit payment to the County, in such amount, within 30 days of receipt of such invoice. B. County is not obligated to deposit the funds provided by City pursuant to this Agreement in an interest bearing account. As such, City is not entitled to receive any interest earned on such fiends. If County chooses to deposit such funds in an interest bearing account, the interest earned thereon will be retained by County. III. City's Right of Access During the construction of the Project, City will have the right of access to the construction site. City will also have the right to review all documents, maps, plats, records, photographs, reports or drawings affecting the Project. However, City shall give notice by telephone to the County Engineer prior to any inspection of either the construction site or documents. In conducting said inspections, City shall not interfere with the work in progress on the Project. IV. City's Request for Records, Right to Review and Audit A. County shall furnish to City a copy of the record drawings and specifications in connection with the Project after its receipt of a written request from City. However, County has no obligation to furnish said record drawings and specifications to City so long as any funds are owed by City to County under this Agreement. B. City and its authorized representatives have the right to review and audit all books, records, vouchers and documents of whatever nature related to County's performance under this Agreement during the period of performance of the Agreement and for three (3) years thereafter, or for so long as there exists any dispute or litigation arising from this Agreement. City is responsible for the cost of the duplication. V. Term and Termination This Agreement shall commence upon final execution by all the Parties and shall remain in full force and effect until completion of the Project, unless earlier terminated in accordance with the terms of this Agreement. This Agreement may be terminated by the County at any time, by providing thirty (30) days' written notice to the City, in which case the County shall return any unexpended or uncommitted funds previously provided by the City under this Agreement. In conjunction with the return of any unexpended or uncommitted funds County shall provide City a written accounting substantiating the use of any City funds expended by County and not returned to City. Should this Agreement be terminated, the City shall not be entitled to any payment or reimbursement of interest that may have been realized by the County on any such funds provided by the City. VI. Assignment A. Upon completion of the construction of the Project, City is assigned any rights that County may have against the contractor, the design engineer, and the surety on the contractor's performance bond, which relate to the Project.