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• <br />(c) satisfaction of the account requirements for the Friends Funds. Thereafter, the <br />construction of the Children's Zoo shall be completed not later than three (3) years hence. <br />$, ~haznPrc~in and MalntPnanc.P <br />The Children's Zoo shall be the property of the CITY, and CITY shall have maintenance <br />responsibilities thereof. <br />(, PrPz aratinn and numPrchin of T~nciimc~ntc <br />It is hereby understood that any and all documents pertaining to the Children's Zoo design <br />and construction, including applicable "as-built" drawings, will be created in accordance <br />with the highest professional quality and shall be properly produced to give good <br />reproductions. All development documents and drawings shall remain the property of the <br />City. <br />'], Financial Re =iirPmPr-tc <br />The City shall require that Project Manager account for all funds requested by and <br />released pursuant to this Agreement and the disbursement thereof. The City shall require <br />that Project Manager maintain a full set of books on a double entry basis in accordance <br />with generally accepted accounting principles, procedures, and regulations as deemed <br />necessary by the City Such records shall be maintained by qualified personnel and in a <br />timely manner. All financial reports and schedules shall be prepared in accordance with <br />generally accepted accounting principles and City reporting requiremerrts. <br />17. inrlPmnificatinn <br />CITY agrees to save, indemnify, defend and hold harmless, FRIENDS, its board. <br />members, directors, officers, agents and employees from any and all claims, demands, <br />losses, liens, expenses (including reasonable attorney's fees) or liability of any nature ar <br />character, arising out of, related to, or in any way connected with, the subject matter of <br />this Agreement, includmg but not limited to claims of damage of property or injury to or <br />death of persons accruing or resulting to any and all contractors, subcontractors, materials <br />men, laborers and any other person, firm or corporation furnishing or supplying work, <br />services, materials or supplies in connection with the performance of this Agreement by <br />the CITY and from any and all claims and losses accruing or resulting to any person, firm <br />or corporation who may be injured or damaged by the CITY in the performance of this <br />Agreement. <br />The City agrees to require Project Manager to save, indemnify, defend and hold harmless, <br />FRIENDS, its board members, directors, officers, agents and employees and CITY, its <br />Mayor, City Council, officers, agents and employees from any and all claims, demands, <br />losses, liens, expenses (including reasonable attorney's fees) or liability of any nature or <br />character, arising out of, related to, or in any way cormected with, PROJECT <br />MANAGER'S performance of the work, including but not limited to claims of damage of <br />property or injury to or death of persons accruing or resulting to any and all contractors, <br />