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7 <br />one Ecounty must still be an approved as an activity by both Ecounties, and shall be <br />in accordance with the Master Plan. <br />b. Alternate County Funding. By mutual agreement, any activity(ies) may be funded by <br />the two Gcounties using a cost - sharing ratio other than 50150 if mutually agreed to in <br />writing in advance of the activity. <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 sSection III.6. of this <br />Agreement. Notwithstanding the foregoing, either Ecounty may budget and /or <br />expend funds for jointly approved capital investment projects for the Park, for which the <br />other County will not or cannot approve funding for, so long as such expenditure or any <br />portion thereof is in accordance with the Pafl --Master Plan, and not invoiced to the other <br />Ecounty for reimbursement or charged against the other Gcounty as an expenditure. Such <br />unshared expenditures shall not be considered a part of the Park budget and shall not become <br />a cost to be reimbursed in the event of termination. <br />5. Park Revenues. Except as other- otherwise provided for, aAll revenues generated from <br />operation of the Park shall be shared equally by the two counties (Orange County 50% and <br />Durham County 50 %). Revenues shall be collected, when due, by Orange County, netted <br />against operating and maintenance costs of the Park and designated as a set off on the invoice <br />from Orange County to Durham County 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 />Gcounties 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 made <br />promptly- ffht4e. 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 T~'°�wal—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 of this Agreement. <br />Page 5 of 10 <br />