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7 <br />4. Capital Costs Capital costs of the Park shall be shared equally by both counties (Orange <br />County 50% and Durham County 50%) and paid for as provided in section III 6, herein. <br />Notwithstanding the foregoing, either County may budget and/or expend funds for jointly <br />approved capital investment projects for the Park, for which the other County will not or <br />cannot approve funding for, so long as such expenditure or any portion thereof is in <br />accordance with the Park Master Plan, and not invoiced to the other County for <br />reimbursement or charged against the other County as an expenditure. Such unshared <br />expenditures shall not be considered a part of the Park budget and shall not become a cost to <br />be reimbursed in the event of termination. <br />5. Park Revenues. All revenues generated from operation of the Park shall be shared equally by <br />the two counties (Orange County 50% and Durham County 50%). Revenues shall be <br />collected, when due, by Orange County, netted against operating and maintenance costs of <br />the Park .and designated as a set off on the invoice from Orange County to Durham County <br />provided for in Section III of this Agreement. <br />6. Review and Reconciliation. At the end of each fiscal year, the Finance Directors of both <br />Counties shall conduct a review and reconciliation of amounts paid and payable under this <br />Agreement. Such adjustments or payments as may be necessary to effectuate the <br />reconciliation agreed upon by the Finance Directors of both Counties shall be promptly <br />made. Reconciliation shall be completed prior to October 15 of each year. <br />IV. Park Operations <br />Park Operation and Maintenance. During the term of this Agreement, Orange County shall <br />manage the Park according to the terms of this Interlocal Agreement, jointly approved <br />Operating Guidelines, and jointly approved Annual Objectives and shall provide operation <br />and maintenance services customarily provided for in the management of a park. Orange <br />County shall do and perform any and all things reasonably necessary for the pleasure, <br />comfort, service and convenience of those who use the Park, as well as to protect and <br />preserve the natural resources and facilities within the Park. <br />a) Maintenance of Grounds. Maintenance of the Park grounds shall be performed by <br />employees of Orange County or contractors as necessary to ensure proper and <br />adequate maintenance. All contract maintenance costs shall be documented and <br />accounted. for as provided in Section III. <br />b) Maintenance of Buildings. Maintenance of all buildings and structures located on <br />Park property shall be performed by employees of Orange County or contractors as <br />necessary to ensure proper and adequate maintenance. <br />c) Personnel. Personnel at the Park will be Orange County employees or independent <br />contractors employed by Orange County under the jurisdiction of Orange County and, <br />if Orange County employees, will fall under the personnel rules and policies <br />Page 5 of 10 <br />