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ORANGE, COUNTY OF (11) -2010
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ORANGE, COUNTY OF (11) -2010
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Last modified
1/3/2012 2:31:50 PM
Creation date
9/2/2010 11:07:01 AM
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Contracts
Company Name
ORANGE, COUNTY OF
Contract #
A-2010-157
Agency
PUBLIC WORKS
Council Approval Date
8/16/2010
Expiration Date
6/3/2012
Destruction Year
0
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Agreement No. D99-12. <br />each PARTY for its prorated share o£ the excess cost up to the amount of the revised <br />approved budget. Each PARTY shall pay the billing within 45 calendar days of the date <br />of the invoice. 2f the fiscal year end accounting results in the sum of the deposits <br />exceeding costs (net of interest earnings), the excess deposits will carry forward to <br />reduce the billings for the following year. The fiscal year end accounting results <br />and associated invoices for each PARTY will take into consideration any outside <br />funding provided for programs in the approved budget from entities not party to this <br />AGREEMENT. <br />Upon termination of the program, a final accounting shall be performed by the <br />COUNTY. Sf costs remaining after the deduction o£ interest costs exceed the sum of <br />the deposits, the COUNTY shall invoice each PARTY for its prorated share of the <br />deficit. Each PARTY shall pay the invoice within 45 calendar days of the date of the <br />invoice. 2f the sum of the deposits, including interest, exceeds the costs, the <br />COUNTY shall reimburse to each PARTY its prorated share of the excess, within 45 <br />calendar days of the final accounting. <br />Section 6. AMENDMENT. This AGREEMENT may be amended in writing only with the <br />unanimous written approval of the parties. <br />Section 7. LSABSL2TY. It is mutually understood and agreed that, merely by the <br />virtue o£ entering into this AGREEMENT, each PARTY neither relinquishes any rights nor <br />assumes any liabilities for its own actions or the actions of other PARTSES. 2t is <br />the intent of the PARTSES that the rights and liabilities of each Party shall remain <br />the same, while this AGREEMENT is in force, as it was before this AGREEMENT was made, <br />except as otherwise specifically provided in this agreement. <br />Section 8. TERMSNAT2ON. Any PARTY wishing to terminate its participation in <br />this AGREEMENT shall so notify all other PARTSES in writing by March 1 of any year. <br />Such termination shall be effective the following June 30. The terminating PARTY <br />shall be responsible for financial obligations hereunder to the extent incurred in <br />accordance with this agreement by the PARTY prior to the effective date o£ <br />5 <br />Final Version 7/8/2010
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