Agenda - 02-17-2015 - 7d - Laserfiche WebLink

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M of citizens of both counties during the term of this Agreement and any subsequent extended term thereof, pursuant to N.C. Gen. Statute 160A -355, N.C. Gen. Statute 160A -460 et seq., and other applicable law; and WHEREAS, the City of Durham contributed funds to the purchase of the property, the City of Durham is not a signatory to this Agreement pertaining to the operations and maintenance of the Park and Natural Area; and WHEREAS, Durham County applied for and was awarded a NC Recreational Trails Program grant in the amount of $200,000 towards the construction of initial facilities and amenities, consistent with the Master Plan; said grant requiring $50,000 in local matching funds to be shared equally by Durham and Orange counties; and WHEREAS, Orange County and Durham County desire to share revenues and expenses equally for the joint use and mutual benefit of the citizens of both counties; and WHEREAS, the parties hereto desire to enter into this Interlocal Cooperation Agreement to set forth their respective participation, obligations and rights related to the acquisition and development of the Property and the surrounding open space areas. NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements contain herein, the Parties hereto agree as follows: I. Purpose. The purpose of this Agreement is to set forth the undertakings of the Parties hereto with regard to their respective contributions, obligations, and participation in the multi - jurisdictional operation and management of the Park and Natural Area. II. General 1. Site Name. The official name of the Park and Natural Area shall be "Hollow Rock Park and Natural Area." Orange County will install a prominent sign, consistent with Orange County zoning regulations, at the Erwin Road entrance to the park indicating that name as approved by the Parties. 2. Master Plan. The Master Plan, which was adopted by the parties along with the City of Durham in 2009 -2010, incorporates all property and facilities within the Park and Natural Area, both existing and proposed. Any amendments to the Master Plan shall be presented to the elected boards of the Parties for approval. 3. Management Plan. A Management Plan will be developed jointly by Orange and Durham counties and presented to the elected boards of the Parties for approval. The Management Plan is a long -term stewardship and general programmatic usage document detailing management of the natural, biological, cultural and human-made features of the Park and Natural Area, in keeping with the Master Plan goals. The Management Plan will be presented to the elected boards of the Parties for adoption within two years of the execution of this Agreement. Draft 3 - Interlocal Agreement — Hollow Rock Park and Natural Area 2 of 9