Last Updated:
December 9, 2019
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Matt Dolf
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Monitoring A. Regular Reporting
- The Co-op will, on an annual basis except in the first year of the Term when this will apply after the first six months, make information related to its operation and management of the Development available to the City, to assist the City in:
- identifying occupancy and service trends;
- monitoring income earned and expenses incurred; and
- monitoring the Co-op's compliance with the requirements of this Agreement and the Lease.
- The City, acting reasonably, reserves the right to change the reporting requirements from time to time, with at least 30 days' written notice to the Co-op provided that, if there are additional costs to the Co-op in complying with new requirements, the City will adjust the Operating Budget to reflect the increased costs as agreed to by both parties.
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