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WHEREAS, although the City of Durham contributed funds to the purchase of the <br /> property, the City of Durham is not a signatory to this Agreement pertaining to the operations <br /> and maintenance of the Park; and <br /> WHEREAS, Durham County applied for and was awarded a NC Recreational Trails <br /> Program grant in the amount of $200,000 towards the construction of the initial facilities and <br /> amenities, with said grant requiring $50,000 in local matching funds to be shared equally by <br /> Durham and Orange counties; and <br /> WHEREAS, Orange County and Durham County desire to share revenues and expenses <br /> equally for the joint use and mutual benefit of the residents of both counties; and <br /> WHEREAS, the parties hereto desire to enter into this Interlocal Cooperation Agreement <br /> to set forth their respective participation, obligations and rights related to the acquisition and <br /> development of the Property and the surrounding open space areas. <br /> NOW, THEREFORE, in consideration of the mutual covenants, promises and agreements <br /> contain herein, the Parties hereto agree as follows: <br /> I. Purpose. The purpose of this Agreement is to set forth the undertakings of the Parties hereto <br /> with regard to their respective contributions, obligations, and participation in the multi- <br /> jurisdictional operation and management of the Park. <br /> II. General <br /> 1. Site Name. The official name of the Park shall be "Hollow Rock Nature Park." Orange <br /> County will install a prominent sign, consistent with Orange County zoning regulations, <br /> at the Erwin Road entrance to the park. <br /> 2. Master Plan. The Master Plan, which was adopted by the Parties along with the City of <br /> Durham in 2009-2010, incorporates all property and facilities within the Park, both <br /> existing and proposed. Any amendments to the Master Plan shall be presented to the <br /> elected boards of the Parties for approval. <br /> 3. Management Plan. A Management Plan will be developed jointly by Orange and Durham <br /> counties and presented to the elected boards of the Parties for approval. The Management <br /> Plan is a long-term stewardship and general programmatic usage document detailing <br /> management of the natural, biological, cultural and human-made features of the Park, in <br /> keeping with the Master Plan. The Management Plan will be presented to the elected <br /> boards of the Parties for adoption within two years of the execution of this Agreement. <br /> 4. Names on Facilities. Any formal naming of facilities or amenities (e.g., trails, shelters) or <br /> acknowledgment of people or entities on signage (e.g., project partners, monetary <br /> contributors, etc.)will be in accordance with the Management Plan. <br /> Interlocal Agreement—Hollow Rock Nature Park 2 of 8 <br />