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2. Park Master Plan. The Master Plan shall be developed jointly by Orange and Durham <br /> Counties so as to incorporate all property and facilities within the Park, both existing and <br /> proposed. The Master Plan, when amended shall be presented to both Boards of County <br /> Commissioners(hereinafter collectively referred to as"Boards") for approval. <br /> The Master Plan shall include adopted functional uses, a general land use map that depicts <br /> existing site constraints and locations for proposed phasing of Park improvements and <br /> general programming. The Master Plan shall acknowledge and incorporate existing park <br /> development. <br /> 3. Management Plan. A Management Plan will be developed jointly by Orange and Durham <br /> Counties. This document will accompany the Master Plan and will also be presented to both <br /> Boards for approval. <br /> The Management Plan is a long-term stewardship and general programmatic usage document <br /> detailing management of the natural, biological, cultural and man-made features of the park, <br /> in keeping with the Master Plan goals. <br /> 4. Names on Park Facilities. Any formal naming of park amenities (e.g., trails, shelters, etc.) or <br /> acknowledgment of people or entities on signage (e.g., project partners, monetary <br /> contributors, etc.) will be in accordance with a joint naming policy to be developed and <br /> approved by both Boards as a part of the Management Plan. <br /> 5. Ownership The land shall continue to be owned as separate parcels with Orange County <br /> owning the 136 acres located in Orange County and Durham County owning the 255 acres <br /> located in Durham County. <br /> a) Conservation Easements. Both counties recognize that the Park was acquired <br /> with grants from the NC Clean Water Management Trust Fund and NC Parks and <br /> Recreation Trust Fund and that there are conservation easements in place <br /> encumbering the properly as a result of those grants. The conservation easements <br /> are recorded at the Orange County Register of Deeds, Book 2198 Page 256 and at <br /> the Durham County Register of Deeds,Book 3027 Page 194. <br /> b) Easements. Any access easements acquired for the public use of adjacent private <br /> property shall be approved by both Boards. <br /> C) Additional Tracts. As opportunities develop in the future, additional tracts may <br /> be considered by the two counties for acquisition. Amendments to the Master <br /> Plan to include the additional tract(s) will be initiated through the joint county <br /> staff with recommendations to both Boards for approval. If the proposed <br /> additional tract(s) require additional costs for maintenance and/or operations, then <br /> the additional cost of maintenance and/or operations shall be negotiated and <br /> approved by both Boards. If, however, the additional tract(s) will have no <br /> financial impact on costs associated with Park operations and maintenance, then <br /> the purchase of each proposed tract may be made by the County where the tract is <br /> located if the tract is located in only one of the Counties. If the tract is located in <br /> Page 2of10 <br />