Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> <br /> T. Negotiation of Terms Upon Notice of Withdrawal. Upon providing notice <br /> <br /> of withdrawal, a cash contract City may negotiate with the Authority regarding <br /> modifications to its payment obligation. If the City and the Authority are unable to reach <br /> <br /> agreement regarding modified payment terms, the balance of any shortfall that may <br /> <br /> have accumulated during a City's ten-year period of membership shall be paid upon <br /> <br /> withdrawal." <br /> <br /> <br /> <br /> 8. Article Vll, Section 3 is amended to read as follows: <br /> <br /> <br /> <br /> "3. Withdrawal of County. County shall be a member of the Authority <br /> <br /> for a term of twenty years beginning on July 1, 2010 and continuing to June 30, 2030. <br /> Said term shall automatically renew for successive terms in accordance with and <br /> <br /> subject to the same provisions and exceptions applicable to Cities in Section 1.13. and <br /> <br /> C. In the event of withdrawal, the County shall remain liable for payment of the <br /> <br /> Structural Fire Fund's proportional share of any bonded indebtedness of the Authority <br /> <br /> incurred prior to the date of its withdrawal." <br /> <br /> <br /> <br /> 9. All terms and conditions contained in this Amendment are incorporated by <br /> <br /> this reference into the Agreement. This Amendment modifies the Agreement only as <br /> <br /> expressly set forth above. This Amendment does not modify, alter, or amend the <br /> Agreement in any other way whatsoever. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 9 <br /> 554584.1 <br /> 60C-53 <br />