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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
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<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
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