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<br />Drab f~12~1~~ <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />MEMORANDUM OF AGREEMENT <br />TOWN OF HILLSBOROUGH <br />COUNTY OF ORANGE <br />REGARDING PLANNING FOR FAIRVIEW PARK, COUNTY <br />PARKS OPERATIONS BASE AND <br />TOWN AND COUNTY PUBLIC WORKS FACILITIES <br />~'~IS ~R~EMBI~~`~ made and enfered into between the Fawn of Hillsborough, forth <br />Carolina, a North Carolina municipal corporation, l0I fast ~~r~ne Street, Hillsborough, forth <br />Carolina 2'275 ~here~nafter referred to as the "Town"}, and grange bounty, a body politre and <br />carparate, a Political subdivision of the State of North Carolina, 200 South amerazx Street, <br />Hillsborough, North Carolina 27275 ~hereinafler referred to as the "bounty"~, for the faint <br />development of a Park and public facility campus. <br />w~~'NSSE~TH <br />wHBRBA, the parties to this agreement are public bodies, polltlc and corporate, under the laws <br />ofthe State ofNorth Carolina; and <br />-I~R~A, the parties are vested ~tth the power and a~~thorit~ to are and irr~p~~ove real estate <br />for recreational and other public purposes; anal <br />wHERE1~, the ~`airview area of ~Iiltsborough has a designated park site thereafter "the <br />~aix-view parr site"} that was established as part of the Ommunity Revitalization effo~~t funded <br />through arnunity Development block grants in the ~ ~S~s, anal identified in bath the bounty <br />and Town on~prehensi~e Plans; and <br />wH~RA, limited facilities have been constructed at the Fairview park site, including a <br />playground and playing field; and <br />wH~R~A, the 2001 Parr and open Space Bond for grange Jaunty included $~D,0~0 for <br />planning and construction of ~h.e ~'aiie~v park site; and <br />w~ER~A, the Town and bounty bath own propez~ty ~nclud~ng and 1n the immediate v~c~n~ty of <br />the Pairv~e~v park s1te, including the grange bounty public works facility, totaling 2 acres; and <br />wHER~,AS, the Town and bounty recognize the utuai benefit and interest of the parties <br />hereto, and to the public generally, ~n the construction of park and corrzun~ty fac~lrtles an the <br />