80A - PH - AMEND DOWNTOWN MGMT PLAN

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1.3. Upon termination or expiration of this Agreement, all unexpended moneys for the DISTRICT and all assets purchased with DISTRICT funds shall be returned to the CITY. 2. USE OF FUNDS 2.1. Funds received by the ASSOCIATION pursuant to this Agreement shall only be expended for the purposes stated in the Resolution and authorized by the Ordinance. Such funds shall be expended in accordance with the Management District Plan. 3. ASSOCIATION RESPONSIBILITIES 3.1. The ASSOCIATION shall administer the DISTRICT work program and perform all of the services specified in the Management District Plan and shall cooperate with the City Manager of the CITY or such personnel as the City Manager designates. 3.2. Throughout the term of this Agreement, the ASSOCIATION shall submit to the CITY's Finance Director the following: 3.2.1. Annual Report -The ASSOCIATION shall submit a report for the current Fiscal Year complying with the Section 13-211 of the Ordinance. The timing of submittal of the Annual Report shall be as directed by the City's Deputy City Manager for Development Services. 3.2.2. Financial Statements -The ASSOCIATION shall submit a statement of income and expenses of the ASSOCIATION in relation to the DISTRICT, reviewed by a Certified Public Accountant covering the previous Fiscal Year. 3.2.3. Within 10 days of a request of the CITY's Finance Director, the ASSOCIATION shall provide such other financial information of the ASSOCIATION in relation to the DISTRICT as the CITY's Finance Director shall reasonably request. 3.3. The ASSOCIATION hereby agrees to comply with all State and local laws and regulations as they relate to the administration of the DISTRIC"C, including all open meeting and public records laws. 4. CITY RESPONSIBILITIES 4.1. The CITY shall submit to the County of Orange each year an annual assessment roll for the DISTRICT and shall disburse the DISTRICT assessment revenues 80A-30