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3 <br /> MEMORANDUM OF INTERLOCAL AGREEMENT <br /> ORANGE COUNTY, NC <br /> TOWN OF HILLSBOROUGH, NC <br /> REGARDING FAIRVIEW PARK OPERATIONS AND RESPONSIBILITIES <br /> THIS AGREEMENT, made and entered into between the Town of Hillsborough, <br /> North Carolina, a North Carolina municipal corporation, 101 East Orange Street, <br /> Hillsborough, NC 27278 (hereinafter referred to as the "Town"); and Orange <br /> County, a body politic and corporate, a political subdivision of the State of North <br /> Carolina, 300 West Tryon Street, Hillsborough, NC 27278 (hereinafter referred to <br /> as the "County"), for the joint and/or assigned operations and responsibilities of <br /> Fairview Park, located in Hillsborough, NC. <br /> WITNESSETH <br /> WHEREAS, the parties to this agreement are public bodies, politic and corporate, <br /> under the laws of the State of North Carolina and are vested with the power and <br /> authority to own and improve real estate for recreational and other public <br /> purposes; and <br /> WHEREAS, the Fairview neighborhood of the Town of Hillsborough adjoins a <br /> designated park site that was identified as part of the Community Revitalization <br /> effort funded through Community Development Block Grants in the 1980s, and <br /> identified in both the County and Town Comprehensive Plans; and <br /> WHEREAS, the 2001 Orange County Parks and Open Space Bond included <br /> funding for planning and construction of Fairview Park; and <br /> WHEREAS, the Town and County both own property within the said Fairview <br /> Park site (hereinafter "Fairview Park"), and the Town's corporate limits abut the <br /> site on three sides; and <br /> WHEREAS, the County and Town recognized the mutual benefit and interest of <br /> the parties hereto, and to the public generally, in the construction of park facilities <br /> on Town and County owned property for Fairview Park, with the Town agreeing <br /> to donate its land toward this purpose; and <br /> WHEREAS, the Town and County entered into a Memorandum of Agreement in <br /> 2004 regarding use of both Town and County lands together for Fairview Park, <br /> and a process for creating a master plan for the park, as shown as Attachment 1 <br /> to this Agreement; and <br />