Provision for Failure of WCAF to Achieve Fundraising Goal Sample Clauses

Provision for Failure of WCAF to Achieve Fundraising Goal. If WCAF is unable to achieve the Fundraising Goal defined in Section B.2. within the Fundraising Period defined in Section B.3., or if WCAF is unable to achieve the Interim Fundraising Goal described in Section B.3., the City and WCAF shall enter discussions for the purpose of reaching an agreement to extend the Fundraising Period. In addition, at the end of the time period for fundraising, or in the case of the Interim Fundraising Goal not having been achieved, the City retains the right to assess a “facilities feein addition to the standard pool rental fees charged to the user groups as a means to recover any shortfall in the WCAF Fundraising Goal defined in Section B.2.c. The “facilities fee” that may be levied by the City to recover the fundraising shortfall shall not exceed 10% of the rental fee, and shall not extend beyond the time necessary to collect the amount of the shortfall. The City agrees that its only methods to unilaterally collect the Fundraising Goal are as set forth in this paragraph.
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