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Proposals, whereby the minimal park requirements are two acres <br />per one thousand population; and <br />T,MREAS, CITY has.further delineated park and recreation lands <br />and facilities in its General Plan, page 19, workbook 4, existing <br />and proposed; <br />NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES, <br />COVENANTS AND CONDITIONS HEP.EINAFTER SET FORTH, THE PARTIES <br />HERETO AGREE AS FOLLOrRS: <br />Roosevelt School is located at 412 East First Street, Santa. _ <br />Ana; California. <br />II <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 betETeen the CITY and <br />the COUNTY and the CITY shall pay 50% of the project cost, or <br />Eleven Thousand Two Hundred Fifty Dollars ($11,250.00), <br />and the COUNTY shall pay 50% of the project cost; with a ceilir_ <br />price of Eleven Thousand Two Hundred Fifty Dollars ($11,250.00) 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 be in- <br />cluded in this joint funding agreement. rfonLhly payments by the <br />COU_-TY, based on actual ekbenditures, shall be made upon tender of <br />2 <br />