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Proposals, whereby the minimal park requirements are two acres <br />per one thousand population; and <br />WHEREAS; CITY has further delineated park and recreation lands <br />and facilities in its General plan, page 19, workbook Y, existing <br />and proposed; <br />NOWT, THEREFORE, FOR AND IN CONSIDERATION OF THE J1JUTUAL PROMISES, <br />COVENANTS AND CONDITIONS HEREINAFTER SET 'FORTH, THE PARTIES <br />HERETO AGREE AS FOLLOWS; <br />Muir School is located at 1335 East Fourth"S'treet, Santa Ana, <br />California. <br />z1 <br />The parties hereto agree that the cost of development for recrea'- <br />tional use of the Revenue Sharing project site described -in <br />paragraph I above shall be equally -divided between: the CIT)r and <br />the COUNTY and the CITY shall pair 500 of the project cost, or <br />Twelve Thousand Five Hundred Dollars C$12,500.00), <br />and the COUNTY shall pair 50% of the project cost, w-Ith. a ceiling <br />price of Twelve Thousand Five Hundred Dollars 0512,500L or a <br />lesser amount, if the CITY'S cost of development after the date. <br />of the agreement decreases. CITY shall be responsible for the cost <br />of overhead, operation and maintenance; such. costs are not to.ba in - <br />eluded in this joint funding agreement. Monthly payments by the <br />COUNTY, based on actual expenditures, shall lie trade upon tender of <br />2 .- <br />e <br />a <br />s <br />i <br />