Agenda - 02-17-2005-1a2 - Laserfiche WebLink

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~yi ~. ~ ~ ~. F ~1L ~I' STATE OF NORTH CAROLINA COUNTY OF ORANGE MEMORANDUM OF AGREEMENT TOWN OF HILLSBOROUGH COUNTY OF ORANGE REGARDING PLANNING FOR FAIRVIEW PARK, COUNTY PARKS OPERATIONS BASE AND TOWN AND COUNTY PUBLIC WORKS FACILITIES THIS AGREEMENT, made and entered into between the Town of Hillsborough, North Cazolina, a North Cazolina municipal corporation, 101 East Orange Street, Hillsborough, North Carolina 27278 (hereinafter referred to as the "Town"), and Orange County, a body politic and corporate, a political subdivision of the State of North Cazolina, 200 South Cameron Street, Hillsborough, North Cazolina 27278 (hereinafter referred to as the "County"), far the joint development of a park and public facility campus. WHEREAS, the pazties to this agreement are public bodies, politic and corporate, under the laws of the State of North Carolina; and WHEREAS, the parties aze vested with the power and authority to own and improve real estate for recreational and other public purposes; and WHEREAS, the Fairview area of Hillsborough has a designated park site (hereafter "the Fairview park site") that was established as part of the Community Revitalization effort funded through Community Development block Grants in the 1980s, and identified in both the County and Town Comprehensive Plans; and WHEREAS, limited facilities have been constructed at the Fairview park site, including a playground and playing field; and WHEREAS, the 2001 Park and Open Space Bond for Orange County included $850,000 for planning and construction of the Fairview park site; and WHEREAS, the Town and County both own property including and in the immediate vicinity of the Fairview park site, including the Orange County Public Works facility, totaling 92 acres; and WHEREAS, the Town and County recognize the mutual benefit and interest of the parties hereto, and to the public generally, in the construction of park and community facilities on the