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NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES, <br />COVENANTS AND CONDITIONS HEREINAFTER SET FORTH, THE,PARTIES HERETO <br />AGREE AS FOLLOWS: <br />I <br />The Senior Citizens Center shall be located on the northerly side <br />of Third Street between Ross and Birch Streets, as shown on tho map <br />which is attached hereto as Exhibit "A" and incorporated herein and <br />made a part hereof by this reference as though fully set forth. <br />II <br />The parties hereto agree that the cost of acquisition, development, <br />construction and operation of the Senior Citizens Service Center for <br />social services use regarding the project site described in paragraph <br />I above shall be divided between the CITY and the COUNTY and the CITY <br />shall pay Five Hundred Eighteen Thousand Four Hundred (SS18,400.00) <br />Dollars, and the COUNTY shall pay not more than Four Hundred Ninety <br />Thousand ($490,000) Dollars. COUNTY'S and CITY'S share of said cost <br />of acquisition, development, construction and operation is set forth <br />in the proposed bLidget for said Santa Ana Senior Citizens.Service <br />Center attached hereto as Exhibit "B" and incorporated herein and made <br />a part hereof by this reference as though fully set forth. CITY shall <br />be responsible for the costs of overhead, operation and maintenance; <br />such costs are not to be included in this joint funding agreement. <br />Monthly payments by the COUNTY, based on actual expenditures, shall be <br />made upon tender of invoices and proper documentation of accounting and <br />with the approval of the CO€1NTY'S Revenue Sharing Office. <br />III <br />The CITY'S source of funding for -its share of the project cost <br />shall be derived from its participation in, the Fedoral Revenue Sharing <br />Program. <br />—2— <br />