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60 <br /> 4.03 Amendment.The Parties will conduct a coordinated review of the Agreement at least every four <br /> (4)years to consider any desired updates through the Agreement amendment process. If any <br /> Party desires to amend the Agreement outside the(4)four-year review cycle,then the proposed <br /> amendment and the reasons for the proposed amendment shall be communicated in writing to <br /> the other Parties. If the Parties agree to the proposed amendment,then the amendment shall <br /> be affected by entering a written amendment to the Agreement.An amendment that does not <br /> change the substantive or financial commitments of the Agreement may be executed by the <br /> ©range County Manager,the DCHC-MPO Executive Director, and the GoTriangle Chief Executive <br /> Officer.Any other amendment to the terms of this Agreement to be effective must be in the <br /> form of a written instrument properly authorized and executed by the governing boards of each <br /> Party to this Agreement. <br /> Article V <br /> Responsibilities, Financial Duties and Assumptions of the 'Parties <br /> The responsibilities of the Parties are as follows: <br /> 5.01 Orange County shall carry out its legal,contractual,fiscal, and fiduciary duties as government as <br /> follows: <br /> a. Shall provide staff to serve on the SWG; <br /> b. Shall enter into Capital Funding Agreements and Operating Funding Agreements to <br /> study, plan,and construct public transit infrastructure capital Implementation Elements <br /> for which Orange County is a designated project sponsor and/or providing funding in- <br /> part or wholly and to deliver such Implementation Elements as identified within the <br /> Orange Transit Annual Work Program and or the Orange Transit Multi-Year Vision Plan; <br /> c. Shall provide required financial and status reports on Implementation Elements for <br /> which Orange County is providing funding in-part or wholly (i.e., serving as a project <br /> sponsor); <br /> d. Shall coordinate approval of the components of the Annual Work Program identified in <br /> Section 2.011 by the Orange County Board of Commissioners; <br /> e. Shall coordinate,as needed,to review documents,as defined in Article I1 or in <br /> subsequently developed policies& procedures that support transit plan <br /> implementation, and recommend for approval by the Orange County Board of <br /> Commissioners when necessary; <br /> f. Shall coordinate approval of the Multi-Year Vision Plan identified in Section 2.038 by the <br /> Orange County Board of Commissioners; <br /> g. Comply with N.C.G.S. 143-6A-4,the"Iran Divestment Act Certification"; <br /> h. Perform other any other actions consistent with the powers and duties set forth in <br /> N.C.G.S. Chapter 153A and N.C.G.S 105-561 et seq.; and <br /> i. To the extent applicable,shall comply with 23 U.S.C. 134,49, U.S.C. Chapter 53, and <br /> N.C.G.S. Chapter 136; <br /> 5.02 DCHC-MPO shall carry out its legal,contractual,fiscal, and fiduciary duties as the <br /> Metropolitan Planning Organization as follows: <br />