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I <br />WHEREAS, CITY and COUNTY, pursuant to California Government Code <br />Section 6500 et seq., wish to jointly exercise their individual powers <br />to construct and furnish buildings for library purposes and to share in <br />the funding responsibility in order to construct the Newhope Branch <br />Library, with the provision that said Library be operated by CITY in a <br />manner that insures its availability to all residents of the County; and <br />WHEREAS, the proposed library will be situated near unincorporated <br />11territory and will be convenient to residents of the unincorporated area <br />WHEREAS, the COUNTY has recently closed a library on First and <br />Magnolia Streets, upon opening its Westminster Branch Library, and for <br />certain residents of Fountain Valley, Westminster, and Garden Grove who <br />formerly used the First and Magnolia Library, the proposed Newhope <br />Library will be more convenient than the Westminster Branch; <br />NOW, THEREFORE, IN CONSIDERATION of the mutual promises., covenants, <br />and conditions hereinafter set forth, the parties hereto agree as follows: <br />1. A library shall be constructed at Newhope and First Streets in <br />1ISanta Ana. The project shall consist of a building of approximately <br />1110,000 square feet. <br />2. The project to be jointly funded shall include construction of <br />the Library. The cost of this project shall be divided between CITY and <br />COUNTY, CITY to pay sixty percent (60%) of the cost, or One Hundred Fifty <br />Thousand Dollars ($150,000), and COUNTY to pay forty percent (40%) of the <br />cost, or One Hundred Thousand Dollars ($100,000), or a lesser amount, if <br />CITY's cost of development after the date of agreement is decreased. In <br />no event shall COUNTY's obligation under this Agreement exceed One Hundred <br />Thousand Dollars ($100,000). The project does not include the cost of <br />acquisition, planning and design services, design overhead, or all other <br />2. <br />