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A. MHS Enterprise shall operate as a City owned enterprise and shall ensure:
1. MHS Enterprise remains a self-sustaining government owned business which may issue its own revenue bonds (subject to the terms and conditions of the Memorial Health System Affiliation during its duration); and
2. MHS Enterprise continues to receive over seventy five percent (75%) of its annual nondebt revenue from nongovernment sources; and
3. MHS Enterprise continues to receive under ten percent (10%) of its annual revenues in grants from all Colorado State and local governments combined.
B. Absent private insurance protection, all claims on behalf of or against MHS Enterprise shall be in accord with chapter 1 of this Code.
C. In accord with the provisions of chapter 1 of this Code, and subject to the terms and conditions of the Memorial Health System Affiliation during its duration, the City Auditor shall have those duties and responsibilities imposed by City Council to ensure the public accountability of MHS Enterprise. (Ord. 15-67)