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16 <br /> Slide #3 <br /> PROVISIONS OF ILA <br /> Article II - Term and Termination <br /> • Set to expire at the end of FY 30, to be <br /> renewed at that time. <br /> • Can be Terminated with 60-day notice. <br /> • Termination of ILA does not invalidate other <br /> agreements between County and Districts, <br /> including transfer of property and sales tax <br /> reimbursement agreements. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #4 <br /> PROVISIONS OF ILA <br /> Article III - CORE Team <br /> • Each organization assigns staff to team, <br /> representing Budget, Finance and Operations <br /> functions <br /> • Team will regularly communicate on the <br /> progress of the Districts' capital plans. <br /> — Staff plan to meet at least quarterly, with increased <br /> frequency when multiple projects are underway. <br /> • Team will assign roles and workplans to guide <br /> work of CORE team and review every two <br /> years. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />