1987-11-09 Regular Meeting - Laserfiche WebLink

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e e .......- - and City. Such arbitrator shall promptly proceed to resolve the disputes submitted .to him pursuant to the terms of this section, if Authority and City can agree on a single arbitrator. Section 14.02 Any dispute or disagreement which is expressly made subject to arbi tration by the terms of this Contract (and if the Authority and City cannot agree on a single arbitrator as provided in the preceding paragraph) shall be submitted to arbitration in Houston, Texas, by a board of three (3) arbitrators upon the written notice of either the Authority or the City, which notice shall name one arbitra- tor. The party receiving such written notice shall within ten (10) days by written notice to the other, name a second arbitrator. The two (2) arbitrators so appointed shall name a third, within ten (10) days after appointment of the second arbitrator, failing which a third arbitrator shall be appointed by a District Court in Harris County, Texas, as ~rovided in the Texas Arbitration Act. Section 14.03 The arbitrators so appointed shall promptly hear and determine the question or questions submi tted pursuant to the procedures established by the Texas General Arbi tration Act, shall render their decision with all reasonable speed and dispatch, but in no event later than thirty (30) days after the conclusion of evidence. If within said period a decision is not rendered by the arbitrators, or a majority thereof, new arbi trators may be named and shall act hereunder at the election of the Authority or the City in like manner as if none had been previously named. Section 14.04 The decision of the arbitrator or of the majority of the ar~itrators shall be final and binding upon the parties hereto as to the question or questions submi tted, and a judgment upon an -40-