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A. Effective Date. This Agreement shall not be effective or enforceable until it is <br /> approved and signed by the Colorado State Controller or designee (hereinafter <br /> called the "Effective Date"), but shall be effective and enforceable thereafter in <br /> accordance with its provisions. <br /> B. Failure to Perform — Disputes. The failure of a Party to perform its respective <br /> obligations in accordance with the provisions of this Agreement is a breach of this <br /> Agreement. In the event of disputes concerning performance hereunder or <br /> otherwise related to this Agreement, the Parties shall attempt to resolve them at <br /> the divisional level. If this fails, disputes shall be referred to senior departmental <br /> management staff designated by each party. If this fails, the matter shall be <br /> submitted in writing by both Parties to the State Controller, whose decision shall be <br /> final. <br /> C. Records Maintenance. During the term of this Agreement and for a period <br /> terminating upon the later of (i) the six year anniversary of the final payment under <br /> this Agreement or (ii) the resolution of any pending Agreement matters (the <br /> "Record Retention Period"), each Party shall maintain, and allow inspection and <br /> monitoring by the other Party, and any other duly authorized agent of a <br /> governmental agency, of a complete file of all records, documents, <br /> communications, notes and other written materials, electronic media files, and <br /> communications, pertaining in any manner to the work or the delivery of services or <br /> goods hereunder. <br /> D. Records Inspection. Water Provider shall have the right to inspect CDNR's <br /> performance at all reasonable times and places during the term of this Agreement. <br /> CDNR shall permit Water Provider, and any other duly authorized agent of a <br /> governmental agency having jurisdiction to monitor all activities conducted <br /> pursuant to this Agreement, to audit, inspect, examine, excerpt, copy and/or <br /> transcribe CDNR's records related to this Agreement during the Record Retention <br /> Period to assure compliance with the terms hereof or to evaluate performance <br /> hereunder. Monitoring activities controlled by Water Provider shall not unduly <br /> interfere with CDNR's performance hereunder. <br /> E. Confidential Information. Each Party shall treat the confidential information of the <br /> other Party with the same degree of care and protection it affords to its own <br /> confidential information, unless a different standard is set forth in this Agreement. <br /> Each Party shall notify the other Party immediately if it receives a request or <br /> demand from a third party for records or information of the other Party. <br /> F. Authority, Appropriation, And Approval. Authority to enter into this Agreement <br /> exists in N/A and funds have been budgeted, appropriated pursuant to N/A and <br /> placed into escrow in accordance with Section IV.D. Financial obligations of the <br /> Water Provider payable after the current fiscal year, identified in Section IV.E <br /> above, and mitigation costs in excess of those identified in Section IV.D, if any, are <br /> contingent upon funds for that purpose being appropriated, budgeted, and <br /> otherwise made available. Required approvals, clearance and coordination have <br /> been accomplished from and with appropriate agencies. <br /> 13 <br />