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8 <br />including, but not limited to, the cost of upkeep, <br />maintenance, and insurance on the vehicle. <br />2. At the end of the term, the vehicle can be purchased at fair <br />market value June 30, 2013 by any of the Counties. Person <br />and Caswell Counties shall have first right of refusal to the <br />vehicle.. The County offering the most money for the <br />vehicle may purchase the vehicle. If no County, wants to <br />purchase the vehicle the vehicle may be sold and the <br />proceeds distributed as provided below. <br />3. Any proceeds from the sale of the vehicle shall be divided <br />among the Counties on an equal basis. <br />iii. The Regional Library shall not purchase any additional assets <br />during the transition period. <br />V. Policy. During the term of this Plan the Regional Library shall have the <br />ongoing authority and responsibility to operate and administer the Regional <br />Library System in accordance with all federal and state laws, as well as the <br />policies, rules and procedures of the Regional Library. <br />VI. Compliance with Law. The Counties agrees that the Counties and their <br />officers, and employees shall be required to comply with all federal, state and <br />local laws, regulations and policies that relate to the performance of Regional <br />Library Services during the Plan Term. <br />VII. Regional Library System Budget. Each County shall continue to share cost <br />allocation of the Regional Library during the transition period. The cost shall <br />be allocated as contained in the budget, which is attached as Exhibit 1 and <br />hereby incorporated by reference into this Plan. <br />VIII. Amendments. The Plan may be modified or amended only by written <br />amendments that are approved and signed on behalf of all the Counties. <br />IX. Notices. All notice or other communications required or permitted by this <br />Plan must be in writing, addressed as follows: <br />For Regional Library Services <br />Name Lucinda Munger <br />Address 137 W Margaret Lane <br />Hillsborough, NC 27278 <br />For Orange County <br />For Caswell County <br />Name Rhonda Griffin <br />Address 161 Main Street East <br />Yanceyville, NC 27379 <br />For Person County <br />Hyconeechee Regional Library System 4 <br />Apri113, 2011 <br />