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F. Title to Site 2 is also nominally held by the Authority; however, pursuant to 2 non -cancelable leases which are currently in effect CITY and COUNTY each have control over a portion of Site 2, and upon eventual dissolution of the Authority, fee title to 3 a portion of Site 2 will automatically vest in CITY, and fee title to the remaining portion will automatically vest in COUNTY, •4 G. CITY and COUNTY contemplate that construction of the Phase 1 Facilities will be* financed through the delivery and sale of certificates of participation using the non-profit Orange County Public Facilities Corporation ("OCPFC"), Authority or similar 6 entity as an intermediary. Such arrangement will require CITY and COUNTY to sublease their interests in Sites 1 and 2 to OCPFC who shall cause the construction of the 7 Phase i Facilities. OCPFC shall release Sites i and 2 and the Phase 1 Facilities to COUNTY through a financing document ("Financing Lease") under which COUNTY shall make 8 periodic payments ("Lease Payments") to OCPFC. }' 9 H. CITY and COUNTY shall jointly participate in the development and management of the Phase I Facilities and shall share in the benefits accruing therefrom as set forth in 10 this gevelopment Agreement. 11 NOW, THEREFORE, in consideration of these recitals and the covenants and conditions t" 12 contained herein, CITY and COUNTY -hereby agree as follows., �. x3 I. COUNTY shall: ; _L4 1.: Do all things necessary to insure that construction of•the Phase l Facilities complies with the provisions of the California Environmental Quality Act ("CEQA")' '. 15 ,where the provisions of'said Act apply, 16 2. •Serve as the lead agency in acquiring financing for construction of the Phase 1; 11 -Facilities.- In. its capacity as lead agency COUNTY shall deliver the Financing Lease 17 as security for such financing, and the structure of such financing shall be consistent with Recital G above. la • 3. Retain the services 'of a licensed architect/engineer firm ("A/E") to design the 19 Phase l Facilities and to •create all, necessary construction documents relating thereto. 20 A. .,Upon completion of said -construction documents, and the securing of financing;.;;; retain the services of a 7Icensed general contractor(s) who, in conjunction with 21 OCPFC, shall effect construction of .the Phase 1 Facilities, 22 Construction of such facilities shall' be accomplished in phases with construction of the facilities an Site I ("Site 1 Facilities") to commence upon completion of the 23 facilities on Site 2 ("Site 2 Facilities"), The purpose of such phasing Is. to keep; available as many Civic Center parking spaces as is practicable during construction of 24 the Phase 1 Facilities, To this end CITY and COUNTY agree to cooperate to the fullest extossible in .scheduling construction activities and arranging for interim ,. 25 parking (if needed), 2611 5, Administer both the design and construction contracts. 27 28 G5:da:nd 0599w-2 -2- 12-3-87