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5 <br /> of at least $250 000to be funded by the 2024 Orange County General Obligation Bond <br /> ("Project[s]"). The parties recognize that a continuing cooperative working relationship between <br /> the School Districts and the County will promote efficiency, collaboration, and transparency and <br /> completion of projects on time and within budget. <br /> ARTICLE II <br /> TERM AND TERMINATION <br /> 2.01 -Term. The term of this Agreement shall begin on the date reflected in the first <br /> paragraph of the Agreement and expire June 30, 2033, unless otherwise extended by mutual <br /> agreement of the parties. <br /> 2.02 Termination. The parties shall each have the right to terminate this Agreement with or <br /> without cause upon giving sixty (60) days written notice to the other partiesy in writing, including <br /> the reason for termination. Any such termination by one party shall not affect the rights and <br /> obligations of the remaining parties to this Agreement. <br /> 2.03 Effect of Termination. The roles and responsibilities of eaehany withdrawing _party shall <br /> terminate sixty (60) days after notice is given by the withdrawing party unless otherwise agreed <br /> by written consent of the Bother parties executed with the same formality as the foregoing <br /> document. Any termination under this Section shall not terminate or otherwise affect properly <br /> authorized resolutions entered pursuant to this Agreement, the provisions of N.C.G.S. 153A-158.1 <br /> for the transfer to the County of responsibility for construction, improvement, ownership, and <br /> acquisition of School District property, any ongoing Project, any sales tax recapture agreement <br /> entered into between the parties, or any construction or acquisition agreement entered into <br /> between the parties. <br /> ARTICLE III <br /> JOINT SCHOOL FACILITIES CORE TEAM <br /> 3.01 -Core Team. The County and the School Districts hereby create the committee known <br /> as the Joint School Facilities Core Team ("Core Team"). <br /> 3.02 Purpose. The Core Team shall promote regular, informed, and interactive communications <br /> between the County and the School Districts concerning research, investigation, evaluation, <br /> funding, and implementation of the School District's capital improvement plan and Projects, <br /> without limiting the statutory rights or duties of either party. <br /> 3.03. Membership.The Core Team will consist solely of professional staff of the three Parties.Each Party <br /> shall appoint staff members to the Core Team necessary to efficiently carry out the purposes set <br /> forth in this Agreement. These staff members should represent the County's Budget and Finance <br /> functions, as well as the School Districts Finance and Operations functions. County members <br /> shall be appointed by the County Manager, and School District members shall be appointed by <br /> their respective Superintendents. <br /> 3.04 Liaison Designee. From the membership of the Core Team, each party shall designate <br /> representatives to communicate information regarding the implementation of this Agreement to <br /> the party's governing board. <br /> 3.05 Collaboration Process. The Core Team will implement the collaboration process through a <br />