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Assets which have accrued of which may accrue prior to the effective date <br />of transfer. <br />i. T'he Counties, however, shall retain their individual liability, if <br />any, related to their respective use of the Library System both <br />before and after the Effective Date of Transfer. The assumption of <br />liabilities by each County does not include the assumption of <br />liability for the other Counties indebtedness. for library services or <br />facilities. <br />ii. The Regional System shall pay any and all known remaining debts <br />of the Regional Library System prior to June 30, 2013. <br />iii. The Regional Library shall not incur any additional liabilities that <br />extend beyond the term of this Plan without the written consent of <br />the County Board of Commissioners or their designee. <br />B. Acquire System Assets. In 1991, each County acquired all rights, title and <br />interest in all Regional Library System assets contained within their <br />respective library facilities. The remaining assets of the Regional Library <br />shall be distributed as follows: <br />i. Technological Assets. The ILS server, which as of July 1, 2013 <br />will have a value, following depreciation, of five thousand dollars <br />($5,000). <br />During the transition, to offset the value of the server, <br />Orange County shall continue to provide IT support to the <br />Polaris System for all three counties as well as provide a <br />system administrator at no charge to Caswell and Person <br />Counties. The in-kind cost of Information Technology <br />support and administrative services are valued at $11,601. <br />2. At the end of the term of the Plan, the Polaris System shall <br />become the property of Orange County. <br />ii. Vehicle. T'he Regional Library System purchased a Honda Civic <br />Hybrid for $21,815 in 2006. In December 2010, the vehicle <br />sustained damages in an accident, which has reduced the value of <br />the vehicle.. As of the date of this Plan, the value of the vehicle has <br />fully depreciated. <br />During the transition period, the vehicle will remain in <br />Orange County and be used to provide courier service. <br />Orange .County shall continue to pay all expenses <br />Hyconeechee Regional Library System <br />April 13.2011 <br />