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27 <br /> 1 Slide #4 <br /> UPDATES TO THE CONDOMINIUM DOCUMENTS <br /> • Explicitly recognized the MOU and outlines the purpose of <br /> the MOU, including further defining and delineating the <br /> roles and responsibilities of the parties operating the <br /> Condominium. <br /> • Allows for disputes not resolved by the association to go <br /> through a mediation process <br /> • Establishes that if either party charges for parking„ the <br /> parties shall establish rules and regulations, which must <br /> be approved by the Executive Board, and any rules and <br /> regulations shall be documented in the MOU. It also <br /> specified that at no time will there be a charge for parking <br /> for designated Library patrons. -- - <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 Slide #5 <br /> UPDATES TO THE CONDOMINIUM DOCUMENTS <br /> • Details the provision of custodial and security <br /> services and outlines that further details for their <br /> operation will be provided in the MOU <br /> • Details that the condominium will be available as <br /> an election <br /> • The Executive Board will be made up of 4 <br /> members, up from 2. The 4 members should be <br /> the Town Manager and County Manager, and a <br /> designee appointed by each manager. <br /> OKANGE COUN i Y <br /> NORTH CAROLINA <br /> 4 <br /> 5 <br />