ORANGE, COUNTY OF (37) - Laserfiche WebLink

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.4'. IV For purposes of this agreeme.nt all funds to be received under this agreement shall be disbursed or incumbered on or before July 1, 1976. V CITY shall maintain proper accounting records and procedures and ether evidence pertaining to costs incurred which records shall be kept available at the CITY'S' office during the agreement period and thereafter for three (3) years from the date of final payment of COUNTY revenue sharing funds and shall make said records available to the COUNTY for the purposes of auditing and that quarterly progress and disbursement reports shall be supplied by the CITY to the COUNTY'S Revenue Sharing Office for the period may 1974 to July 1976. Progress reports shall show construction progress and number of people served by each portion of the program. VII CITY agrees that overhead for the facility itself, planning not including design service and all other development, shall not be included under this joint funding agreement. The CITY acknowledges responsibility for the design of the facility and agrees that plans and specifications shall be approved,by the COUNTY prior to advertising for bids. COUNTY agrees that design services shall be included under this joint .funding agreement. V I I The CITY acknowledges that funds being provided by COUNTY are funds received by the County of Orange pursuant to the state and local Fiscal Assistance Act of 1972, public Law 92-512., and that expenditure of these funds must be in accordance with said law and regulations issued by agencies of the federal government. CITY further acknowledges that when such funds are used on any construction project for which twenty five percent (25 p) or more of the costs are paid out of revenue funds, —3—