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4 <br />1~~E-~~~-~-ra~ C~u~~-y-i~-cor~~a~e~-te-b-u-i4d~~~~-r~ai~a~~~-a-~4~~~ <br />_ ~---s-aY-t <br />h_iq.#~.e.~;.t_..{.eve..l--feasibie....~~itl~ir~-its-_fi..sc.a.i....can~trai~f~.-an~i ~_ <br />WHEREAS, the ~~-~n-i~iii~y-Town has historically provided library services to <br />County residents outside of the Town's corporate limits at no charge and on the same <br />basis as such services are provided to Town residents in accordance with N.C General <br />Statute Sec. 153A-264; and <br />WHEREAS, the Parties have not previously instituted a formal written agreement <br />to direct or calculate the County's annual contribution in support of Municipal library <br />operations; and <br />WHEREAS, the Parties recognize the mutual benefit and interest of the Parties <br />hereto, and to the public .generally, in the County's continued contribution to the <br />Municipal Library and in the Town's provision of library services to County residents; <br />and <br />WHEREAS, the Parties wish to continue their longstanding relationship under <br />which the County provides annual funding to the Town for library services to ensure <br />such services are available at no charge to County residents; and <br />WHEREAS, the Parties wish, by entering into this Agreement, to establish the <br />terms whereby future County funding of the Municipal Library shall continue and to <br />establish a mechanism or formula whereby such funding may be appropriately <br />calculated; and <br />WHEREAS, the Parties wish to explore t~opportunities for cooperative inter- <br />library services and operability, whereby residents of the Town and the County may <br />have improved access to library resources provided by both Parties: <br />NOW, THEREFORE, in consideration of the foregoing and on mutual promises <br />and obligations set forth herein, the receipt and sufficiency of which is hereby <br />acknowledged, the parties agree as follows: <br />1. TERM <br />a. This Agreement shall commence January 1, 2012- for the remainder of <br />the 2011-2012- Fiscal year and shall continue each fiscal year <br />thereafter through June 30, 2015. <br />b. This Agreement may be renewed beyond July 1, 2015 upon written <br />agreement of the Parties. <br />2. COUNTY CONTRIBUTIONS TO LIBRARY OPERATING EXPENSES <br />