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<br />,f, <br />( PHO,JECT: <br /> <br />City of Santa Ana <br />Centennial Park <br /> <br />A~ ';<003 - Jq4 <br /> <br />AGREEMENT No, 003-047 <br /> <br />1 <br /> <br />2 <br /> <br />AGREEMENT FOR <br /> <br />3 <br /> <br />FINANCIAL ASSISTANCE <br /> <br />4 <br /> <br />THIS AGREEMENT, for purposes of identification hereby dated the g.tV\ <br /> <br />day of <br /> <br />5 <br /> <br />J\,\N"t..- <br /> <br />1 2004, is <br /> <br />6 <br /> <br />BY AND BETWEEN <br /> <br />The City of Santa Ana, a charter city and <br /> <br />7 <br /> <br />municipal corporation, hereinafter referred <br /> <br />8 <br /> <br />to as "CITY" <br /> <br />9 <br /> <br />AND <br /> <br />The County of Orange, a subdivision of the <br /> <br />10 <br /> <br />State of California, hereinafter referred to <br /> <br />11 <br /> <br />as "COUNTY". <br /> <br />12 <br /> <br />CITY and COUNTY are sometimes referred to as the "parties" and individually as the <br /> <br />13 <br /> <br />"party". <br /> <br />14 <br /> <br />RECITALS <br /> <br />15 <br /> <br />WHEREAS, CITY and COUNTY entered into an AGR8EMENT dated January 14, 1976, and <br /> <br />16 <br /> <br />subsequently executed amendments, thereto, dated February 27, 1979 and January 11, <br /> <br />17 <br /> <br />1983, respectively, concerning the joint development, maintenance and operation of <br /> <br />18 <br /> <br />Centennial Park, hereinafter referred to as the "ORIGINAL AGREEMENT" for the joint <br /> <br />19 <br /> <br />development and operation of Centennial Park (the "Park")¡ and <br /> <br />20 <br /> <br />WHEREAS, COUNTY through its Harbors, Beaches and Parks Fund 405 completed the <br /> <br />21 <br /> <br />development of "Phase If! park improvements in 1979 at a cost of $5 million¡ and <br /> <br />22 <br /> <br />WHEREAS, the CITY owns the park land and has operated Centennial Park since ]979 <br /> <br />23 <br /> <br />with the COUNTY reimbursing the CITY fifty percent (50%) of the net annual operations <br /> <br />24 <br /> <br />and maintenance costs, thereof, at a cumulative additional cost of $4.9 million¡ and <br /> <br />25 <br /> <br />WHEREAS, due to changing circumstances in the use and operations of the Park, <br /> <br />26 <br /> <br />both CITY and COUNTY desire to terminate the Original Agreement and replace it with <br /> <br />1 <br />