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<br /> ¡"tr <br /> -8- <br /> V. <br /> RECORDS <br /> A. EDC and Chamber agree to provide access to an authorized representative of <br /> City to their financial records pertaining to performance under this contract during <br /> f- reasonable working hours. <br /> . <br /> \ <br /> B. EDC and Chamber agree to maintain financial portions of these records in <br /> accordance with generally accepted accounting principles. <br /> C. EDC and Chamber agree to retain the records for one year after termination of <br /> this contract. <br /> D. EDC and Chamber agree to submit to the City an annual financial report and an <br /> audit prepared by a certified public accountant. . <br /> VI. <br /> A. The term of this Agreement shall commence and become effective on October <br /> 1, 1995, and shall terminate one year after that date. <br /> ,~- VII. <br /> I <br /> The Chamber shall keep its equipment, supplies, vehicles and other assets separate <br /> from those purchased with EDC funds and to be used in the performance of this <br /> Agreement. The latter shall be inventoried and identified as property of the EDC. <br /> Inventory lists shall be provided by the Chamber to the EDC and the City, Subsequently <br /> acquired assets of this nature shall be similarly separated from Chamber assets, <br /> inventoried and identified, <br /> .' <br />