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4.0.5 Operator will provide the City with required insurance certificates in accordance <br />with Article 9 within thirty (30) days of approval of this Agreement by the City <br />Council; <br />ARTICLE 5 <br />CITY RIGHTS AND RESPONSIBILITIES <br />The City will: <br />5.0.1 Provide full information to the Operator regarding the City's requirements for the <br />Operator's services under this Agreement. The City will furnish the Operator <br />with copies of data and information needed by the Operator at, the Operator's <br />request in the City's possession including the 2010 -2011 Approved Operating <br />Budget. <br />5.0.2 The City Manager or designee is the City's point of contact for all <br />communications and the City's authorized representative to act on the City's <br />behalf with respect to this Agreement. The City will examine the documents and <br />information submitted by the Operator and promptly render responses to the <br />Operator on issues requiring a decision by the City. <br />5.0.3 Appropriate and make available funding sufficient to cover the operating <br />expenses authorized in the Approved Operating Budget. <br />5.0.4 Provide a complete inventory of all equipment, assets, expendable supplies and <br />spare parts which are on hand prior to the execution of this Agreement. The <br />Operator will assume responsibility for the inventory upon execution of the <br />Agreement. <br />5.0.5 Retain control of the Airport, including the responsibility for developing and <br />maintaining policy guidance for the Airport. <br />5.0.6 Retain authority for review and approval of the capital improvements <br />recommended by the Operator, including location, size, design, and nature of use. <br />The City is responsible for any capital improvements management, where City, <br />State, or federal funds will be expended. <br />5.0.7 In its sole discretion, set rates and schedules, including but not limited to gross <br />receipts, lease rates, fuel flowage, and any future rates currently not assessed as <br />may be recommended by the Operator. <br />5.0.8 Retain all authority to arrange for the issuance of indebtedness payable from the <br />revenues of the Airport. <br />25 <br />