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7 <br />requirements set forth by funding sources or regulatory bodies, or contrary to explicit restraints. <br />The Boards of Commissioners of the Parties and the Steering Committee shall have the right to <br />request information and comment on the performance of the Center's Executive Director. If <br />such a request or comment is received the Orange County Manager shall respond accordingly. <br />9. Reporting <br />The Executive Director shall provide an annual report to the Boards of Commissioners of <br />the Parties. The annual report shall set forth a complete operating and financial statement <br />covering the operation of the Center during such year, and shall be dui onr before June 30th of <br />each year. The Executive Director shall provide a quarterlS financial report to the county <br />managers of each of the parties. The Executive Director shall also pros ide a monthly operational <br />report to the Steering Committee. All requirements under this section shall end upon the <br />termination of this Agreement. <br />10. Termination <br />Any party may withdraw from this Agreement at the end of any fiscal year upon not less <br />than one (1) year's advance notice of withdrawal to the other Parties. Upon the withdrawal from <br />this Agreement by any Party, cost and funding responsibilities shall be redistributed among the <br />remaining Parties as follows: 40% to Orange County and 60% to be distributed equally among <br />the Remaining Parties; provided however, that if Orange County or more than one (1) of the <br />other Parties withdraws this Agreement shall terminate. II' any Party attempts to withdraw <br />without providing the required one (1) year's advance notice, such Party shall remain liable for <br />its share of the cost and funding responsibilities through the Cnd of the next fiscal year. Upon a <br />Party's withdrawal from this Agreement, the Center shall charge the residents of the withdrawing <br />party an additional fee for use of the Center and i~uilities. The amount of additional fee shall be <br />determined by the remaining Parties by mutual agreement after consultation with the Executive <br />Director of the Center and the Steering Committee. <br />11. G--aut Funds <br />The Parties acknowledge that grant funding has been and may be awarded to Orange <br />County for the development of the Piedmont Food and Agricultural Processing Center. Orange <br />County administers said grants and shall continue to do so for the benefit of the Center. Upon <br />termination of this rl~recment by any Party or upon its natural expiration, should such grant <br />funds remain undisu-ibutcd, Orange County shall continue to manage said grant funds for the <br />benefit of the Center in accordance with the Grant and this Agreement. <br />12. Determination of Policy <br />Orange County shall, with the advice of the Steering Committee, have the ongoing <br />responsibility in its discretion (1) to administer and operate the Center in accordance with this <br />Agreement and (2) to determine and modify the rules and regulations governing the operation of <br />the facility, as may be necessary, from time to time. <br />5 of 9 <br />