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0 <br />beginning of the fiscal year. Each party to this agreement <br />signifier its acceptance of any appointment so made and agrees to <br />establish internal operating procedures to accommodate the <br />establishment of this position. <br />C. Shall operate independently from and shall not <br />be under the control or auspices of the County Library Adivsory <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 libr_ry 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 <br />1984-85, the County agrees to allocate the following dollar <br />amounts for each of the participating libraries to be expended <br />only for library operations in accordance with this agreement: <br />A. Indian River County Library Association, Inc. --the sum <br />of ONE HUNDRED TWENTY THOUSAND DOLLARS ($120,000.00), <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 />SEVENTY THOUSAND DOLLARS ($70,000.00), 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 />