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residents, business, and communities residing within their respective jurisdictional <br /> boundaries. All Parties expressly declare that this Agreement, and all expenditures <br /> of public funds hereunder for the purposes described herein, furthers legitimate <br /> public purposes, including, but not limited to the following; <br /> 1. Enhancing cultural tourism in Program areas; <br /> 2. Stimulating economic growth in Program areas; <br /> 3. Promoting workforce development and job creation; <br /> 4. Advancing sustainable urban development in Program areas; <br /> 5. Acquiring, constructing, installing, or maintaining"improvements." <br /> d) Grant Funding Cooperation. The Parties are encouraged to pursue local, state, <br /> federal, and other grant opportunities and funding sources in furtherance of the <br /> Program. To the extent possible, the Parties agree to work together cooperatively <br /> and in good faith in pursuit of funding opportunities for the Program as a whole. <br /> 5. DISPUTES,DEFAULTS,AND REMEDIES <br /> 5.1. General Disputes. Should the Parties be unable to reach a mutual agreement as to <br /> any matter necessary to effectively administer and operate the Program, as an alternative to <br /> terminating this Agreement or pursuing an alternative remedy, the Parties may mutually agree to <br /> refer the dispute to a neutral arbitrator for resolution, in which case the arbitrator's determination <br /> shall be binding unless and until this Agreement is otherwise amended by the Parties. <br /> 5.2. Defaults. <br /> a) Notice and Time to Cure. The failure by any Party to perform any of its obligations <br /> set forth in this Agreement shall constitute a default. Except as required to protect against further <br /> damages, the non-defaulting Parties may not institute legal proceedings against the Party in default <br /> until the non-defaulting Parties have provided the defaulting Party notice of the default and the cure <br /> period has expired; The cure period for any default shall be thirty (30) days after the defaulting <br /> Party's receipt of written notice from the non-defaulting Parties that such obligation was not <br /> performed. In the case of a default which cannot be cured within the cure periods set forth in this <br /> section, the defaulting Party shall commence efforts to cure within such time periods, and shall <br /> diligently thereafter pursue to cure the default to completion within a reasonable period of time. <br /> b) Cooperative Resolution. During the cure period set forth in paragraph(a), and prior <br /> to pursing any remedies described in this Section, the Parties will attempt, in good faith, to find a <br /> mutually agreeable resolution through communicating with each other and attempting to resolve <br /> any substantive problems arising under this Agreement, including challenges arising from funding <br /> difficulties, and/or any difficulty with effectively implementing the responsibilities detailed in this <br /> Agreement. Communication and attempts to resolve such problems and difficulties prior to pursing <br /> remedies under this Agreement include, but are not limited to, meeting together, amending this <br /> 4 <br />