RES 704 Draft 01 2022-2024 - Laserfiche WebLink

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as shall be required by DOT. 4.3. Acceptance of Sewer Infrastructure by the County. Upon the completion of the Sewer Infrastructure and compliance with any deficiencies that have been identified during the course of ongoing inspections as described in HCC Section 21-18, the County will approve connection of the sewage works to the public sewer system. The County will accept the sewage infrastructure in accordance with the HCC Section 21-19. OLA shall bear all costs related to finalizing the punchlist and any deficiencies that shall be requested to deliver this project "as a whole," and will comply with the tenets of HCC Section 21-19. 5. Financial Obligations. The County shall bear no financial liabilities or responsibilities for the Belt Line through the date of County's final acceptance of the Belt Line. This Agreement is contingent on OLA demonstrating within thirty (30) days of the execution of this Agreement that it holds a minimum of $3,000,000 in available reserves. 6. Cooperation by Parties. The parties understand and agree that they will in good faith strive to complete and accomplish the foregoing in as expeditious a manner as possible to allow OLA to complete the construction of the Sewer Infrastructure. To this end, OLA and the County further agree to set monthly periodic status conferences to review the status of the tasks set forth in this Agreement or on a more frequent basis as may be necessary from time to time. In recognition of DEM's current staffing challenges, OLA and its consultant shall take the lead in preparing all required documentations to assist and expedite the process that can allow OLA to meet the terms and conditions set here forth in this agreement, and the County will expeditiously review any documentation requiring the County's approval. 7. Successors and Assigns. This Agreement shall inure to the benefit of the parties and their respective successors and assigns. 8. Counterparts. This Agreement may be executed in counterparts, including counterparts signed and transmitted electronically or by facsimile, each of which when taken together shall constitute one and the same instrument, and which shall be binding on the parties. 9. Modification or Termination of the Agreement. This agreement may be modified or terminated upon mutual agreement of the parties with fifteen (15) days prior written notice. (The remainder of this page is intentionally left blank. Signature page follows.) -5-