SECTION 9. EQUIPMENT AND FACILITIES
A. Contractor shall own all equipment and facilities acquired by it and purchased with funds received pursuant to this Agreement, except that upon termination or non-renewal of this Agreement all equipment or facilities purchased with funds received from the City pursuant to this Agreement shall become the property of the City.
B. Upon the dissolution of the Contractor, it shall, subject to the approval of the City, transfer all assets of Contractor representing City-funded equipment and facilities, and/or the proceeds of either to the City, or at the City's option, to such organization or organizations designated by the City to manage access which shall at the time qualify as a tax exempt organization(s) under Section 501(c)(3) of the Internal Revenue Code (or the corresponding provisions of any future United States Internal Revenue Law).
Section 10 - Insurance