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Projects and shall execute all contracts pursuant to this Master Agency Agreement and on behalf of the Commission. 5. The Park Board, in the bidding of each contract, shall adopt specifications pertaining to the work to be performed, the timetable for the performance of the work, require performance, payment, and maintenance bonds as necessary or desirable, and such other matters as may be required by statute and /or the prevailing conditions in the South Bend community for public work, provided that such conditions, specifications and matters are consistent with the requirements set and approved by the Commission. The Park Board may make such modifications and amendments as may be required for the completion of each Project, consistent with the overall requirements set and approved by the Commission, and may adopt such special conditions as may be required in its opinion to satisfactorily complete each Project, provided that such modifications, amendments or special conditions do not alter the character of each Project or reduce the value thereof. 6. The Commission hereby empowers the Park Board to assume full responsibility for obtaining all necessary licenses, inspections, zoning approvals and permits and for performing any and all acts necessary to comply with the applicable statutory and regulatory requirements regarding the completion of each Project. 7. The sole responsibility for completing the Projects shall be that of the Park Board, which has the sole responsibility to deal with contractors and subcontractors in the completion of the Projects. The Park Board shall ensure that all components of the Projects are properly invoiced to and titled in the Commission prior to the commencement of each Project. 8. The Park Board shall have sole responsibility to inspect, on behalf of the Commission, all aspects of the Projects although the Commission reserves the right, at any time, to