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° G~~1 3.0 8 <br />5.1 The initial term of this Interlocal Agreement shall be from the date of execution <br />thereof until midnight on September 30, 2006, and shall be renewable for four <br />additional annual renewal terms thereafter as provided for in this Article unless <br />terminated as provided for in this Interlocal Agreement. <br />5.2 The Town shall deliver to the County by March 1St of the Permit Year 1 of the initial <br />term of this Interlocal Agreement (as said Permit Year is defined in section Al of <br />Schedule A), and annually thereafter by March 1St of the Permit Year of any renewal <br />term thereof, the Town's offer and proposal to renew this Interlocal Agreement for the <br />next available renewal term thereof, if any (hereafter "Town's renewal offer"). The <br />Town's renewal offer shall include the Town's findings and conclusions concerning <br />the Town's responsibilities in order to effectively perform the requirements of the <br />Permit during the next available renewal term, including the Town's recommendations <br />for updating the Annual Workplan and "Annual Fees" set forth in Schedule A. The <br />parties agree that upon failure of the parties to agree to renew this Interlocal <br />Agreement within 60 days after delivery of the Towns renewal offer to the County, <br />this Interlocal Agreement shall expire at the termination of the then effective term <br />thereof. <br />ARTICLE 6 -TERMINATION <br />Either party may terminate this Interlocal Agreement, with or without cause, by <br />providing notice to the other party of termination in writing at least 4 months prior to <br />the effective date of termination. This Interlocal Agreement may also be terminated by <br />court order upon the finding that there has been substantial breach of this Interlocal <br />Agreement by the non-complaining party so as to entitle the complaining party to be <br />relieved of its obligations under this Interlocal Agreement. <br />ARTICLE 7 -NOTICES <br />The Town's renewal offer and any and all notices given or required under this <br />Interlocal Agreement shall be in writing and may be delivered in person or by United <br />States mail, postage prepaid, first class and certified, return receipt requested, <br />addressed as follows: <br />TO COUNTY: <br />Craig N. Benedict, AICP <br />Orange County Planning & Inspections Director <br />306-F Revere Road <br />Hillsborough, N.C. 27278 <br />With copy to: <br />John M. Link, Jr. <br />Orange County Manager <br />200 S. Cameron Street <br />Page 8 of 13 <br />Isg:orangecounty\03D906 Draft Phase II Agreement to Town.doc <br />