Orange County NC Website
shall be responsible for V2 of the costs associated with the same . Upon <br /> submission of an invoice showing the total spent by ORFD or any amounts <br /> incurred for maintenance of the entire bay area under this section, ORFD , <br /> shall submit to County , a check for reimbursement for the same within 30 <br /> days after presentation . <br /> 10 . ) The parties shall be responsible for any work to be performed and any <br /> costs associated with the same , in its respective areas in those sections <br /> described in Paragraphs 1 and 2 . <br /> 11 . ) With regard to casualty insurance, and material damage or destruction of <br /> the building : <br /> a . Both parties are insured owners pursuant to a single policy, and agree <br /> to maintain casualty insurance for the replacement cost of the structure <br /> i <br /> and liability insurance for $ 1 M/$ 2M . <br /> b . Cost of insurance born by owners based on their respective ownership <br /> share , with each party to pay the insurer directly . <br /> c . In the event of damage or loss <br /> i . the party whose side of the building is damaged is responsible <br /> for the uninsured costs (deductible , and any overage) ; and <br /> ii , each party is responsible for restoration <br /> d . In the event of a catastrophic or total loss , the parties to mutually agree !"? <br /> to either : (1) rebuild, sharing the uninsured costs based on ownership <br /> shares , or (ii) distribute the insurance proceed and sell the land based <br /> on respective ownership interests . <br /> 12 . ) The terms of this MOU shall begin on the date of execution, and expire <br /> upon establishment of the tenancy in common agreement relative to this <br /> proj ect . <br /> 13 . ) Neither ORFD nor County shall be liable to the other for any property <br /> damage sustained by the other, personal injury to the other or to its officers , <br /> agents and employees , irrespective of how such injury or damage may be <br /> caused, whether from action of the elements or acts of negligence of the <br /> occupants of adjacent properties , or any other persons ; provided that nothing <br /> contained herein shall relieve either ORFD or the County of the consequences <br /> of its own negligence to the extent provided by law. <br /> 14 . ) Employees of both the County and ORFD acknowledge that they shall not <br /> be agents employees of the other entity when responding to an incident <br /> pursuant to this Memorandum of Understanding . <br /> 15 . ) ORFD and the County shall be responsible for payment of workers ' <br /> compensation benefits only to their own respective employees . <br /> 16 . ) The Parties shall at all times remain in compliance with all applicable <br /> local, state , and federal laws , rules , and regulations including but not limited <br /> to all state and federal non- discriminations laws , policies , rules . <br /> 17 . ) Modification of this MOU must be in writing and approved by both <br /> parties . <br /> 18 . ) This MOU and any exhibits and amendments attached hereto and any <br /> documents incorporated specifically by reference represent the entire <br />