Orange County NC Website
efforts to secure the necessary permits . <br /> D . Provided the Town approves and issues all necessary development permits for the <br /> Project, the Parties will coordinate to complete construction drawings for the <br /> Project . <br /> E . ORFD , in accordance with applicable laws pertaining to public construction <br /> projects , will enter into contract(s) for development of the construction <br /> documents for the Project . <br /> F . Upon approval of the construction documents and issuance of the necessary permits <br /> (the ' Building Permits) " ) , ORFD will at a time reasonably agreed between the <br /> Parties begin construction of theProject. <br /> G . The Parties will finance their respective shares of the Project costs according to <br /> rs Exhibit B , Elements of Value . ORFD will arrange for construction financing of its <br /> proportional share of the Project cost (based on Exhibit B) , in such manner as <br /> determined by the ORFD Board . The County shall finance its proportionate share <br /> of the Project costs (based on Exhibit B ) in such manner as may be determined by <br /> the County . <br /> H . ORFD will contract with all necessary design, engineering and construction firms <br /> for any environmental remediation work required by NCDEQ . Subject to the terms <br /> of the Environmental Indemnification Agreement the Parties shall share the cost of <br /> such remediation equally . <br /> I . ORFD will contract with professionals for the construction of the Project, using a <br /> legally permitted construction delivery method . Upon completion, the Facilities , <br /> including the Building and parking, shall be subject to a new condominium <br /> declaration with terms mutually agreed upon by ORFD and the County, pursuant <br /> to which ORFD will grant and the County will acquire at no additional cost to the <br /> County a fee simple condominium interest in the assigned parking areas and EMS <br /> Station and an undivided interest in the Common Areas . ORFD shall convey the <br /> fee simple condominium interest to the County within thirty (30) days of substantial <br /> completion of the Project . It is acknowledged by ORFD and the County that <br /> County ' s contributions to the Project constitute sufficient consideration for the <br /> conveyance of the condominium interest . <br /> J . ORFD will enter into a design contract for the design and a construction contract <br /> for the work. <br /> K . As contemplated by this agreement, upon completion of construction the building <br /> and parking areas shall be converted to condominium ownership , with the ORFD <br /> and the County each owning condominium interests in building space and <br /> associated parking spaces . As part of the condominium arrangement, the Parties <br /> will also have an undivided interest in the Common Areas designated on the final <br /> plans , and which Common Areas will be subject to the rules , rights and <br /> 6 <br />