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Proposals, whereby the minimal park requi.reaents are two acres <br />per one thousand population; and <br />t=REAS, 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 PRO'-'ITSES, <br />COVENAtvTS AND COINDITIONS HEREINAFTER SET F.ORTIi, THE PAR -TIES <br />HERETO AGREE, AS FOT LOWS: <br />I <br />Santiago Day Camp is located at 2821 North Santiago, Santa <br />Ana, California- <br />IZ <br />The parties hereto agree that the cost of development for recrea- <br />tional use regarding the project site described in paragraph I <br />above shall be equally divided between the CITY and the COUNTY <br />and the CITY shall pay 50%'of the project cost, with a ceiling <br />price of Seven Thousand Five Hundred Dollars C$7,500.00), and the <br />COUNTY shall pay 50% of the entire cost, with a ceiling price of <br />Seven Thousand Five Hundred Dollars ($7,500.00) or -a lesser amount, <br />if the CITY'S cost of.developr!ent after the date of the agree- <br />*dent decreases.: CITY shall be responsible for the cost of <br />overhead, operation and maintenance; such costs are not to be in <br />cluded in this joint funding agreement. ?'Monthly payments by One <br />COUNTY, based on actual expendituees; shall be ma3e upon tender of <br />2 - <br />