The Co-op is required to operate the Development to a professional standard that is acceptable to the City. The City may request performance plans from the Co-op on an annual basis or as deemed necessary if an Event of Default occurs in respect of the Co-op and the City elects to intervene as contemplated by Schedule A, Clause 1.3, rather than to terminate this Agreement. The management areas to be included in the annual performance plan include but are not limited to:
- RISK MANAGEMENT
- MAINTENANCE (subject to any contrary agreement or obligation in the Reciprocal Easements Agreement), including:
- Grounds keeping and Landscaping
- Building Maintenance.
- Janitorial.
- Energy Management.
- Building Services.
- HUMAN RESOURCES
- FINANCIAL MANAGEMENT AND ADMINISTRATION
- OCCUPANT MANAGEMENT
- MAINTAINING A LIST OF EQUIPMENT USED IN OPERATING THE DEVELOPMENT