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Please return this copy to the Clerk to the Boarrid'ss.,�_, <br /> office for permanent agenda files <br /> STATE OF NORTH CAROLINA <br /> COUNTY-OF ORANGE <br /> AGREEMENT <br /> AN AGREEMENT made and entered into as of the 15th day of July, 2011, by and between the <br /> TOWN OF CARRBORO, a North Carolina municipality with its principal offices at 301 West Main <br /> Street, Carrboro, North Carolina, 27510 (the "Town"), and Orange County by and through it's <br /> Department of Aging RSVP 55+Volunteer Program, with its principal office located at 2551 <br /> Homestead Rd. Chapel Hill,NC 27516, Chapel Hill,NC 27516 ("The"Grantee"). <br /> Whereas, the Grantee, a local political subdivision of the State of North Carolina described <br /> below has requested an appropriation from the Town of Carrboro; and <br /> Whereas, the Town has determined that said Grantee will perform for and on behalf of the Town <br /> certain services that the Town itself is authorized by law to perform, and has therefore indicated its <br /> approval of this request of$1400.00 by an appropriation in the budget ordinance for fiscal year 2011-12 <br /> as amended; and <br /> Whereas, the Town of Carrboro desires to insure that funds will be used for the purposes <br /> intended by the Town in making this appropriation and for no other purposes; and <br /> Whereas, Orange County, hereafter described as Grantee, agrees and promises to abide by the <br /> conditions set forth in this Agreement. <br /> NOW THEREFORE based on the mutual promises herein and other good and valuable <br /> consideration the sufficiency of which is hereby acknowledged, the Town and the Grantee agree as <br /> follows: <br /> 1. Grantee will perform the following services and or achieve the following according to any <br /> time schedules therein provided. <br /> 2. Funds may be released monthly, quarterly, or according to o any other schedule deemed <br /> appropriate by the Town's Director of Economic and Community Development. Grantee shall submit a <br /> written request for each fund distribution, and any such request shall contain a certification that the <br /> Grantee shall use the funds received only to provide the services described. <br /> 3. Not later than March 31 st of the current fiscal year or at the time of application for new funds <br /> the Grantee shall account to the Town of Carrboro for the use of the funds appropriated by the Town by <br /> (i) furnishing a detailed description, quantified to the extent practicable, of the extent to which the <br /> Grantee has performed services for or on behalf of the Town of Carrboro or its citizens during this <br /> fiscal year, and (ii)providing the Town with a copy of Grantee's most recent audit, financial statement, <br /> or other financial information requested by the Town. For recipients not requesting new funds a report <br /> shall be submitted to the Town of Carrboro furnishing a detailed description, quantified to the extent <br /> practicable, of the extent to which such grantee has performed services for or on the behalf of the Town <br /> 1 <br />