R2005-77 ACCEPTING PROPOSAL FIRST TRANSIT, INC.

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12. PURCHASING OF VEHICLES,EQUIPMENT AND SUPPLIES FIRST TRANSIT shall advise the CITY from time to time regarding the types,quantities and amounts of materials,supplies,tools and equipment,including vehicles,needed for use in the administration, operation or maintenance of the Transit System. Such purchases shall be made pursuant to the CITY's purchasing policies and procedures. The Transit System shall have full access to Corporate Purchasing Agreements available through FIRST TRANSIT. 13. AUDIT AND INSPECTION OF RECORDS FIRST TRANSIT shall permit the autharized representatives of the CITY, the State of Illinois,the Federal Transit Administration and the U.S. Comptroller General to inspect and audit all data and records of FIRST TRANSIT relating to its performance under the Agreement,and to copy or reproduce by any means whatsoever excerpts and transcriptions as reasonabi needed. The CITY shall retain ownership of all plans,specifications,and related Y documents. FIRST TRANSIT agrees to maintain all books, recards, accounts and reports required under this Agreement for a period of not less than three (3) years after the date of termination or expiration of this Agreement,except in the event of litigation or settlement of claims arising from the performance of this Agreement, in which case FIRST TRANSIT agrees to maintain same until all interested parties have disposed of all such litigation, appeals, claims or exceptions related thereto. [Reference 49 C.F.R. §18.39(i)(11).] , 14. BUDGET5 AND PROJECTIONS; FARES AND SCHEDULES � FIRST TRANSIT agrees to prepare ar assist in the preparation of the necessary annual budgets and projections, as well as monthly financial and operating statements, as are , required by the CITY. FIRST TRANSIT also agrees to furnish periodic reports and recommendations as are required by the CITY relating to service extensions,route planning, service policies, fares, and other matters relating to the operation of the Transit System. 15. FIRST TRANSIT EMPLOYEES FIRST TRANSIT shall be solely responsible for the compensation and benefits of FIRST TRANSIT's resident management personnel. Should there be a change in the resident management personnel, FIRST TRANSIT shall be responsible for all relocation expenses associated with such change. 16. THIRD PARTY LIABILITY The CITY shall indemnify, defend and hold harmless FIRST TRANSIT, its parent, subsidiaries, affiliates, officers, directors, shareholders, agents, servants, employees and assigns(collectively, "FIRST TRANSIT")from and against any and all loss,liability,claims, damage or expenses(including,but not limited to,reasonable attorneys'fees and court costs) arising out of,or related to,the management or operation of the Transit System,other CITY 7