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3 <br /> <br />3.5 The City shall establish and adjust the days and hours of operation of the Fitness Center <br />after consultation with EF. <br /> <br />3.6 City shall provide EF with all office space and Fitness Center access reasonably <br />necessary for the performance of EF’s operational duties and responsibilities. <br /> <br />3.7 EF and City shall cooperate in marketing and promotion of Fitness Center and Fitness <br />Center programs, and in the preparation and dissemination of marketing and brochure <br />information. <br />Section Four <br />Accounting <br /> <br />4.1 Until the City has the necessary membership accounting system in place, EF shall submit <br />to City, within forty-five (45) days after the end of each month, standard financial reports <br />for the Fitness Center including a balance sheet and statement of revenues and <br />expenditures for the current month and year to date. EF will also provide to City a <br />statement of cash flows and a copy of the general ledger. City shall promptly advise EF <br />of any objection to each monthly report. <br /> <br />4.2 As often as may be reasonably required by City, City and EF shall together conduct <br />inventories of all assets, equipment, and expendable supplies of the Fitness Center. <br /> <br />4.3 The City reserves the right with proper notice to review standard financial reports of EF. <br /> <br />Section Five <br />Contracting Authority <br /> <br />5.1 EF shall not without City’s prior written approval: <br /> <br />1) Enter into any vendor, service or user/rental occupancy contracts for the Fitness <br />Center that have a term longer than one (1) year, or <br /> <br />2) Enter into any contracts for purchase of goods, equipment or services for the <br />Fitness Center that are in excess of ten thousand dollars ($10,000). <br /> <br />Section Six <br />Repairs and Maintenance <br /> <br />6.1 EF shall be responsible for repairs and maintenance of all workout equipment, which <br />shall be kept free of defects and in good working order. <br /> <br />6.2 City shall be responsible for replacement of all major building components and systems <br />in the Fitness Center. City shall provide for maintenance and cleaning of fitness and <br />workout spaces except as provided herein. <br /> <br />