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6. OWNERSHIP OF LIBRARY ASSETS UPON DISSOLUTION OF A <br />PARTICIPATING LIBRARY: In the event of dissolution of a <br />participating library during the term of this agreement, where <br />such library is not simultaneously reestablished to provide <br />library services, each participating library agrees to distribute, <br />convey, transfer, or assign to the County all of the assets, <br />personal property, equipment, books, subscriptions, and any other <br />materials, resources, or items used in the operation of its <br />library, which are attributable to the funds allocated or expended <br />during the term of this agreement, to be used exclusively by the <br />County or its designate for the continuation of library services <br />within Indian River County. <br />7. PUBLIC FUNDING PROVISION: For fiscal year 1985- <br />1986 the County agrees to allocate the following dollar amounts for <br />each of the participating libraries to be expended only for library <br />operations in accordance with this agreement: <br />A. Indian River County Library Association, Inc. --the sum <br />of ONE HUNDRED SIXTY THOUSAND DOLLARS ($160,000.00), <br />together with two-thirds of state or federal grant <br />monies received by the County for allocation to the <br />participating libraries, unless the parties agree <br />otherwise as to such grant monies. <br />B. Sebastian River Library Association, Inc. --the sum of <br />EIGHTY THOUSAND DOLLARS ($80,000.00), together with <br />one-third (1/3) of state or federal grant monies <br />received by the County for allocation to the <br />participating libraries, unless the parties agree <br />otherwise to such grant monies. <br />C. Unless agreed otherwise by the County and the party <br />concerned, funds allocated hereunder shall be made <br />available to a participating library in twelve equal <br />monthly installments. <br />8. AMENDMENT OR REVISION OF AGREEMENT: This agreement <br />may be modified or amended in part, or in whole, including <br />amendment to allow for additional participating library groups to <br />-4- <br />M <br />M <br />SEP � r, MS <br />BOOK L2 <br />Fret ! L) <br />beginning <br />of <br />the fiscal year. Each party <br />to this <br />agreement <br />signifies <br />its <br />acceptance of any appointment so <br />made and <br />agrees to <br />establish <br />internal <br />operating procedures to <br />accommodate the <br />establishment <br />of this position. <br />C. Shall operate independently <br />from and <br />shall not <br />be under <br />the <br />control or auspices of the County Library <br />Advisory <br />Board. <br />6. OWNERSHIP OF LIBRARY ASSETS UPON DISSOLUTION OF A <br />PARTICIPATING LIBRARY: In the event of dissolution of a <br />participating library during the term of this agreement, where <br />such library is not simultaneously reestablished to provide <br />library services, each participating library agrees to distribute, <br />convey, transfer, or assign to the County all of the assets, <br />personal property, equipment, books, subscriptions, and any other <br />materials, resources, or items used in the operation of its <br />library, which are attributable to the funds allocated or expended <br />during the term of this agreement, to be used exclusively by the <br />County or its designate for the continuation of library services <br />within Indian River County. <br />7. PUBLIC FUNDING PROVISION: For fiscal year 1985- <br />1986 the County agrees to allocate the following dollar amounts for <br />each of the participating libraries to be expended only for library <br />operations in accordance with this agreement: <br />A. Indian River County Library Association, Inc. --the sum <br />of ONE HUNDRED SIXTY THOUSAND DOLLARS ($160,000.00), <br />together with two-thirds of state or federal grant <br />monies received by the County for allocation to the <br />participating libraries, unless the parties agree <br />otherwise as to such grant monies. <br />B. Sebastian River Library Association, Inc. --the sum of <br />EIGHTY THOUSAND DOLLARS ($80,000.00), together with <br />one-third (1/3) of state or federal grant monies <br />received by the County for allocation to the <br />participating libraries, unless the parties agree <br />otherwise to such grant monies. <br />C. Unless agreed otherwise by the County and the party <br />concerned, funds allocated hereunder shall be made <br />available to a participating library in twelve equal <br />monthly installments. <br />8. AMENDMENT OR REVISION OF AGREEMENT: This agreement <br />may be modified or amended in part, or in whole, including <br />amendment to allow for additional participating library groups to <br />-4- <br />M <br />M <br />