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Proposals, -thereby the minimal park requirements are two acres <br />per one thousand population; and <br />1'M, P,EAS, 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, THEP-EF'ORE, FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES, <br />CO=2 ANTS AND CONDITIONS HEREINAFTER SET FORTH, THE PARTIES <br />HERETO AGREE AS FOLLOWS: <br />' I <br />Prentice Park Zoo is located at 1700 Fast 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 para- <br />graph I.above shall be equally divided between the CITY and the <br />COUNTY and the -CITY shall pay 50% of the project cost, 'with a " <br />ceiling price of Twenty_Eight Thousand Eight Hundred Dollars <br />t$2a,800?, and the COUNTY shall pay 50% of the project cost, or <br />Twenty Eight Thousant Eight Hundred Dollars ($28,800) or a lesser <br />amount, if the CITY'S cost of development after the date of the <br />agreement 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 the <br />Cfli ?Y', based on actual expenditures, shall be made upon t_er_der of <br />2 <br />