Laserfiche WebLink
C. Disposal of the building: <br />L In the event of dissolution, the building will be sold to the <br />highest bidder, and the proceeds allocated on.a pro rata <br />basis to the participating cities. <br />A. Pro ration shall be that which was used in the last <br />full calendar year for. allocation ' of net operating <br />costs among the participating cities. <br />ii. Alternatively, one or more of the participating cities may <br />choose to buy out the interests of the remaining cities and <br />continue to operate the building as a public facility. <br />A. In this event, the building will be appraised by a <br />qualified appraiser who is acceptable to all remaining <br />participants. <br />B. The acquiring participant shall pay to the non - <br />acquiring participant a pro rata share of the appraisal <br />value of the building. <br />iii. Pro ration shall be that which was used in the last full <br />calendar year for allocation of net operating costs among <br />the participating cities. <br />K. Indemnification_ The participating cities understand that the governing board <br />will require any organization, group, or individual that rents or otherwise uses <br />all or part of the regional senior center to commit to hold harmless and <br />indemnify the four cities and the joint powers organization against all loss, <br />damage, liability, claim, suit, judgment, costs and expenses associated with <br />their use of the senior center facility. <br />L.- additional Parties to this Agreement: The participants to this agreement <br />may, from time to time, propose the admission of additional cities to <br />membership in this agreement under terms that are agreed to by unanimous <br />consent of the remaining original members. <br />VA <br />