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2. Policies and Regulations. Orange County and Durham County shall approve a joint set <br />of rules, regulations, ordinances, policies, and fees to be implemented in the operation <br />and management of the entire Park and Natural Area. The joint set of policies and <br />regulations may be amended from time to time by mutual agreement by Orange County <br />and Durham County. <br />IV. Site Improvements and Amenities <br />1. Consistency with Master Plan. The Parties agree to make site improvements and <br />construct new facilities and amenities consistent with the adopted Master Plan. <br />2. Costs of Phase 1 Improvements. The counties agree to share equally in the value of the <br />Phase la improvements made to the Park and Natural Area consistent with the Grant <br />Award and listed in Exhibit C, including but not limited to a parking area, walking trails, <br />pedestrian bridges, portable restroom facility, and park signage. (For example, if the <br />value of the improvements made to the portion of the Park and Natural Area that sits in <br />Orange County equals $20,000 and the value of improvements made in Durham County <br />equals $10,000, then Durham County will reimburse Orange County the amount of <br />$5,000.) <br />3. Costs of Future Improvements. The counties agree that they could choose to share <br />equally in the value of future improvements to the Park and Natural Area, could share the <br />value of improvements using a different cost sharing agreement, or either county could <br />choose to fund additional improvements to be located in either county's respective <br />jurisdiction as long as said improvements are consistent with the adopted Master Plan. <br />4. Grant Funds. The Parties acknowledge that grant funding may be awarded to Durham <br />County or Orange County for the development of the Park and Natural Area. Either <br />county may administer said grants on behalf of and for the joint benefit of both counties. <br />V. Site Operations <br />1. Operation and Management. Orange County and Durham County shall be the parties to <br />operate and maintain this Park and Natural Area. <br />2. Operation and Maintenance. Orange County will be responsible for the operation and <br />maintenance of the grounds and facilities on the portions of the Park and Natural Area <br />located on the west side of Pickett Road in accordance with the jointly-approved <br />Management Plan discussed in Section II.3. of this Agreement. Durham County will be <br />responsible for the operation and maintenance of the grounds and facilities on the <br />portions of the Park and Natural Area located on the east side of Pickett Road in <br />accordance with the jointly- approved Management Plan. Orange and Durham county <br />staff will provide guidance and assistance as needed for maintaining portions of the Park <br />and Natural Area located outside of their respective county jurisdiction. Orange and <br />Durham county staff shall do and perform any and all things reasonably necessary for the <br />pleasure, comfort, service and convenience of those who use the Park and Natural Area, <br />Draft 3 - Interlocal Agreement — Hollow Rock Park and Natural Area 4 of 9 <br />