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G. The Parties will finance their respective shares of the Project costs according to <br />Exhibit C — Elements of Value. The Town will arrange for construction financing of its <br />proportional share of the Project costs (based on Exhibit C), subject to Local Government <br />Commission approval of the financing plan. The County shall finance its proportionate share <br />of the Project costs (based on Exhibit C in such manner as may be determined by the <br />County. <br />H. The Town will contract with all necessary design, engineering and construction <br />firms for any environmental remediation work required by NCDEQ. The Town <br />is solely responsible for the cost of such environmental remediation work for <br />remediation of any conditions existing on the Property at the time of or prior to <br />the day and date first set out above. <br />I. The Town will contract with professionals for the construction of the Project, <br />using a legally permitted construction delivery method. Upon completion, the <br />Facilities, including the Building and structured parking, shall be subject to <br />a new condominium declaration with terms mutually agreed upon by the Town <br />and the County, pursuant to which the County will acquire a fee simple <br />condominium interest in the assigned parking areas and the Orange County <br />Southern Branch Library. <br />J. The Town will enter into a construction contract for the work. <br />K. The Town has historically provided support for the McDougle branch library and <br />the Cybrary. As part of the Project, the Town will provide, in lieu of its historical <br />support of the McDougle branch library and the Cybrary, a single mode dark fiber <br />optic continuous physical path consisting of a single strand of fiber connecting a <br />County specified demarcation location inside the Branch Library to an MCNC <br />NCREN point of presence located on the University of North Carolina Chapel <br />Hill (UNCCH) campus. Use of this path by the County may be terminated by the <br />Town with a minimum of six (6) months written notice to the County, but only in <br />the event that UNCCH notifies the Town of UNCCH's intention to terminate its <br />agreement with the Town pursuant to which the Town has access to the dark fiber <br />path on the UNCCH campus. At the time of such termination, the parties agree to <br />negotiate in good faith an agreement regarding the Town providing substitute <br />service to the Library. The Town will also provide the County access to the <br />Town's multi - strand dark fiber optic network giving the County potential <br />interconnectivity to the University of North Carolina Chapel Hill campus, <br />OWASA, CHCCS, Town of Chapel Hill and other locations within and near the <br />Town. The Town will pay the capital cost of the infrastructure improvements <br />necessary to provide access to the single mode dark fiber optic path described in <br />this paragraph (estimated to be approximately $70,000.00). <br />L. The Parties agree that the Town shall have the right in its sole discretion to lease, <br />or subdivide and convey title to, those portions of the Property and any <br />:'! <br />