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1. That firm bids are obtained which allow the parties to construct the project for their defined respective shares: $24,100,000 for the county and $9,860,000 for the district; and 2. That each party secure financing for its respective share: $9,860,000 for the district, and financing for the county of not more than $1,580,000 principal and interest payment per year for 25 years. If these conditions precedent cannot be satisfied, either party may terminate the agreement. Upon termination, eaither paRy may elect to partition the property, buy the other party's interest in the land for fair market value, or lease the other party's interest in the land. Upon termination the project will be stopped, and the parties will each pay their respective share of the project costs incurred. After the conditions precedent have been satisfied, neither party may terminate the agreement. To do so would be a default. In the case of default, the sole remedy of either party is money damages. The parties will proceed with the project through their Project Coordinators. One Project Coordinator is appointed by each party. The Project Coordinators must both agree for any decision to be made. In the case of dispute, the matter will be addressed to the chairs of governing bodies. If the chairs cannot agree, the full governing bodies will meet and decide the matter. The Project Coordinators are delegated responsibility to: *Approve all contracts, subject to competitive procurement requirements *Aprove the project budget, the final construction plans and specifications *Approve the bids, the general construction contract, and the final budget *Recompute the presective shares based on the bids and adjustments made by the parties *Approve all change orders *Approve all disbursements *Resolve construction claims A special provision allows the county to pull its own wiring for telephone, fax and electronic data, and to do the same for transit at reasonable cost. A special provision sets the parties' share for streetscape elements not funded by the city, but which the parties elect to build. The respective shares are 68.71% county and 31.29 % transit, based on ownership interest in the land. The Agreement allows the parties to encumber their interest in the project for purposes of construction financing. All other agreements are attached as exhibits to the Intergovernmental Development Agreement.