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Section 4.04. Reporting Relationship; No HPC Employees. The Parties acknowledge <br /> and agree that each employee holding a City Staff Position, whether such employee is a <br /> Transferred Employee or was otherwise hired by the City, will adhere to any internal reporting <br /> structure determined by the Executive Director of DCI. While employees holding City Staff <br /> Positions and other employees of the City will be expected to communicate and cooperate with <br /> members of the HPC, as appropriate and as permitted by law, no employee of the City will have <br /> a reporting relationship with any member of the HPC or with the HPC at large. The Parties <br /> mutually acknowledge that the HPC may not and will not have employees of its own. <br /> Section 4.05. Transfer of Assets. The County will transfer to the City, and will direct <br /> the HPC to transfer to the City, for the use of the HPC and City employees in connection with <br /> the HPC's operations, ownership of all equipment, office furniture, vehicles, and other items <br /> (collectively, the "Assets") used for the HPC's operations as of the time of the Parties' execution <br /> of this Agreement held in the name of the County or in the name of the HPC, respectively. The <br /> County agrees that the Assets will be transferred free of any liens, encumbrances, or other <br /> liabilities. The Parties will coordinate in good faith to accomplish said transfer of ownership and <br /> will deliver to one another such instruments as may be required therefor. <br /> Section 4.06. Temporary Storage. Pursuant to Section 11 of the Act, the Parties are <br /> authorized'to provide facilities to carry out this Agreement. Following the Effective Date of this <br /> Agreement, the County will provide easily accessible and convenient storage facilities for any <br /> and all HPC-related materials, documents, supplies, and the like that cannot be accommodated in <br /> the City's office space at the time the City assumes management responsibility for HPC matters. <br /> Within three (3) years after the Effective Date of this Agreement, the City will accept and take <br /> possession of any and all HPC-related materials, documents, supplies, and the like remaining in <br /> the County's possession. At all reasonable times during the period that the County retains <br /> possession of such items,the County will provide the City access to and use of the same. <br /> Section 4.07. Transition Update. In addition to providing monthly reports in 2018, as <br /> agreed under Section 5.02(a)(3) of this Agreement,the City will provide to the County an oral or <br /> written update on the transition of the Transferred Employees to City employment no earlier than <br /> two (2)months after but no later than four(4)months after the Effective Date of this Agreement. <br /> Article V. Funding <br /> Section 5.01. Accounting. With reference to Section 4(a)(3) of the Act, the Parties <br /> mutually delegate to the Controller of the City the duty to receive, disburse, and account for all <br /> monies of the HPC in accordance with applicable laws. <br /> Section 5.02. Financing, City Budget. Pursuant to section 3(a)(3) of the Act, the Parties <br /> agree that the City and the County will jointly finance the operations of the HPC in the manner <br /> set forth in this Agreement. <br /> 6 <br />