Browse
Search
Agenda - 12-05-2005-5l
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2000's
>
2005
>
Agenda - 12-05-2005
>
Agenda - 12-05-2005-5l
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/1/2008 10:37:56 PM
Creation date
8/29/2008 10:41:42 AM
Metadata
Fields
Template:
BOCC
Date
12/5/2005
Document Type
Agenda
Agenda Item
5l
Document Relationships
2005 S Purchasing - RFP - SportsPlex Management Agreement and Purchase Agreement Amendments
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2005
2005 S Purchasing & Recreation Factory Partners
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2005
Minutes - 20051205
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2005
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
43
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
~i <br />"Appropriation Deficiency Notice") of the fact that insufficient fimds or no funds have been <br />appropriated, or are anticipated to be insufficient or unavailable in the future, for the Facility. <br />(b) If the Appropriation Deficiency Notice is of insufficient funds, the County <br />shall pay all Operating Expenses incurred or committed for after such date that are within the <br />aggregate level of appropriated funds specified in the Appropriations Deficiency Notice. The <br />County shall pay all Operating Expenses incurred or irrevocably conunitted for prior to the date <br />RFP receives the Appropriation Deficiency Notice. Airy failure by the County to provide funds <br />(beyond the aggregate level of appropriated fimds) for the payment of Operating Expenses <br />incurred or committed for after RFP receives an Appropriation Deficiency Notice shall not be a <br />breach of or default under this Agreement by the County, Any failure by I2FP to perform its <br />obligations render this Agreement after RFP's receipt of an Appropriation Deficiency Notice shall <br />not be a breach of or default under this Agreement if such breach or default directly results from <br />such Appropriation Deficiency, provided that the County has been first given reasonable prior <br />written notice by 12FP that such specific breach or default by RFP was likely to result from such <br />Appropriation Deficiency. <br />(c) If the County appropriates funds at (or reduces appropriated funds to) a <br />level that, in RFP's reasonable, good faith,judgment, renders the management of the Facility or <br />any part of the Facility by RFP unsafe as a public assembly facility, RFP shall provide its <br />concerns in writing to the County and (i) RFP and the County shall, as soon as practicable and in <br />no event later than the date that ItFP has identified as the last date beyond which RFP has <br />determined that it is unsafe to operate the Facility or any part of the Facility (the date of which <br />shall have been included in RFP's notice referenced immediately above), agree on the manner in <br />which the Facility shall be operated or on the increased amount of funding necessary to render <br />the operation of the Facility safe or (ii) I2FP may terminate this Agreement pursuant to Section <br />12.2 (with the effect set forth in Section 12.3). br the event of a termination under this Subsection <br />5.2(c) and if 1ZFP's concerns are addressed within the twelve (12) month period following such <br />termination, then RFP shall have the right to resume management of the Facility by giving <br />written notice within thirty (30) days of the date such concerns are addressed, provided that this <br />right to resume management shall expire if not exercised in writing within such thirty (30) day <br />period. <br />5.3 Annual Budget; Cash Flow Budget. <br />(a) As part of the annual plan described in Section 6.2 herein, on or before <br />one hundred twenty (120) days prior to the end of each Fiscal Year, RFP will prepare a proposed <br />annual operating budget for the next Fiscal Year to meet the scope of services and objectives <br />under this Agreement. Such budget shall contain appropriate line items for revenues and <br />expenses and the project net operating deficit or surplus.. <br />(b) RFP shall prepare and submit to the Contract Administrator on or before <br />one hundred twenty (120) days prior to the end of each Fiscal Year a proposed annual cash flow <br />budget for the succeeding Fiscal Year. <br />14 <br />
The URL can be used to link to this page
Your browser does not support the video tag.