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B. All interest income or pro rate share of interest derived therefrom <br /> shall be credited to the fund established pursuant to the requirements <br /> of this Section. <br /> <br /> Section 3. The City of Lakewood agrees that the following officials: Director <br /> of Consumer Affairs and the Director of Law and/or his designate for the City of <br /> Cleveland shall be authorized to recruit and evaluate expert public utility consultants <br /> and special legal counsel and recommend the same to be retained for the purposes <br /> specified in this Agreement. <br /> <br /> Section 4. The City of Cleveland shall enter into appropriate, legally binding <br /> contracts with expert public utility consultants and with special legal counsel <br /> as required and as recommended under Section 3 of this ordinance. <br /> <br /> Section 5. All payments for expert consultant services, special legal counsel, <br /> transcript copies, and all other necessary and reasonable expenses incurred shall <br /> be made in the same manner and following the same procedures as the City of Cleveland <br /> is legally bound to observe for the expenditure of other public monies from the <br /> treasury of the City of Cleveland. <br /> <br /> Section 6. The City of Cleveland shall prepare and forward to the City of <br /> Lakewood a quarterly report specifying the balance on hand in the special escrow <br /> account fund at the beginning and at the end of the quarterly accounting period, <br /> all expenditures made therefrom, all interest income credited thereto. <br /> <br /> Section 7.. In no event shall the City of Lakewood be liable for any sums <br /> <br /> of money expended pursuant to the objectives and purposes of this Agreement in <br /> <br /> an amount exceeding $2,000. <br /> <br /> Section 8. The City of Cleveland, in conjunction with any special legal counsel <br />retained in this case, agrees to provide legal services on behalf of itself. The <br />City of Lakewood agrees that the Cleveland Law Director or his designate and any <br />specially retained legal counsel shall be their legal representatives for purposes <br />of this rate proceeding. Any legal services provided directly by the City of Cleveland <br />shall be at its sole cost and discretion without any contribution or remuneration <br />therefore. <br /> <br /> Section 9. This Contract is terminated upon the total expenditure of all <br /> <br />funds, including interest income which the City of Cleveland has received or earned <br />as Escrow Agent, or upon the completion of all purposes and objectives set forth <br />herein and identified as the reasons the parties have entered into this Agreement. <br /> <br />Page 2 of 3 pages <br /> <br /> <br />