1980-31 - Laserfiche WebLink

Home Browse Search

`AUG 2 71980 Boa 44 PAGE 433 District to the extent each party is benefited. (2) The lease agreement executed by the City with reference to the real property and buildings, fixtures and structures situated thereon, shall immediately terminate upon the dissolution of the District, thereby extinguishing the Districts rights or interests therein. (3) Nothing in this agreement shall preclude the parties by mutual agreement from implementing any lawful plan(s) to satisfy the Districts indebtedness upon dissolution. (4) It is the intent of the City and the County that neither party be left without adequate fire protection upon the dissolution of the District. D. The parties shall implement an equitable arrangement to protect the vested rights of the then employees of the dissolved District. 13. RECALL. A referendum shall be held on the question of whether the District should be dissolved upon presentation of a verified petition signed by twenty-five percent (25%) of the quali- fied voters in said District. The referendum shall be submitted to the qualified voters of the District and shall be held at the counties next scheduled election or a special election before the next regular election. If the qualified voters elect to dissolve the District, the provisions contained in paragraph 12, of this agreement, entitled "DISSOLUTION" shall apply. 14. ARBITRATION. Any controversy or claim arising out of or relating to this agreement or the alleged breach thereof will be submitted to arbitration on the written request of one party served on the other and shall be settled by the arbitration process and such arbitration shall comply with and be governed by the Rules of the American Arbitration Association. The parties will agree on one arbitrator, but in the event that they cannot so agree, there shall be three arbitrators, one named in writing by each of the parties within ten (10) days after demand for arbitration is received, and a third to be chosen by the two so named. If there is only one arbitrator, his decision shall be binding and conclusive on the parties. if there are three arbitrators, the decision of any two shall be binding and I