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City of Paris, nor by a member of the City Council approving, or having responsibility for the <br />approval of, this Agreement. <br />VIII. <br />Conditions <br />8.1 The terms and conditions of this Agreement are binding upon and enforceable <br />against and with respect to the successors and assigns of all parties hereto. <br />8.2 It is understood and agreed between the parties that the Owner, in performing <br />its obligations hereunder, is acting independently; the City assumes no responsibility or <br />liability in connection therewith to third parties; and Owner agrees to indemnify and hold <br />the City harmless therefrom. It is further understood and agreed among the parties that the <br />City, in performing its obligations hereunder, is acting independently; the Owner assumes <br />no responsibility or liability in connection therewith to third parties; and, to the extent <br />permissible by law, the City agrees to indemnify and hold harmless the Owner therefrom. <br />IX. <br />Compliance Provisions <br />9.1 City's Right of Access to Records: The Owner agrees that the City, its agents <br />and employees, shall have the reasonable right of access to records concerning the Owner's <br />investment in the Improvements for the purpose of conducting an audit of the Project <br />Improvements and Project costs. Any such audit shall be made only after giving the Owner <br />at least fourteen (14) days advance written notice and will be conducted in such a manner <br />as to not unreasonably interfere with the operation of the facility. Upon request, the Owner <br />will provide the City with a detailed Asset Report with an itemized list of assets placed into <br />service from the date of execution of this Agreement to the date of completion. The Asset <br />Report will provide for each asset a unique serial and/or other identification number (if <br />available), the date on which the asset was capitalized, the acquisition amount, and the <br />accumulated depreciation amount. At the City's request, the Owner will provide actual <br />invoices to support the amounts shown on the Asset Report. <br />9.2 City's Rights of Access to Property: The Owner further agrees that the City, <br />its agents and employees, shall have reasonable right of access to the Property to inspect the <br />Improvements in order to insure that the construction of the improvements is in accordance <br />with this Agreement and all applicable state and local laws and regulations or valid waiver <br />thereof. After completion of the Improvements, the City shall have the continuing right to <br />inspect the Property to insure that it is thereafter maintained and operated in accordance <br />with the Agreement during the term of the Agreement. All inspections will be made only <br />after giving the Owner written notice at least seventy-two (72) hours in advance, and such <br />inspections shall be conducted in such a manner so as not to interfere with the operation of <br />the facility. Representatives of the City inspecting the Property and Improvements shall be <br />accompanied and by one (1) or more representatives of the Owner and shall sign an <br />Agreement promising to maintain the confidentiality of any information they obtain in <br />connection therewith except for the purposes of assessing and collecting ad valorem taxes <br />