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of work to be bid by the SCHOOL DISTRICT annually . Bidding and renewals shall be <br /> as per terms and conditions of standard bidding procedures . Costs shall be paid 38 . 4% <br /> (3 . 622 acres/9 . 438 acres) County and 61 . 6% (5 . 816 acres/9 . 438 acres) SCHOOL <br /> DISTRICT . The future SCHOOL DISTRICT Area Lot 3 (9 . 162 acres) has not been <br /> considered in this percentage calculations since no development has occurred on this <br /> parcel . Once Lot 3 is developed, this calculation will be revised . Fencing, gates and <br /> similar common use items shall be repaired as needed and costs shall be shared 38 . 4% <br /> County and 61 . 6% SCHOOL DISTRICT. The SCHOOL DISTRICT shall be billed for <br /> grounds costs and pay the contractor per terms and conditions outlined in the bid. The <br /> SCHOOL DISTRICT will bill the COUNTY for the COUNTY ' s share of the costs on a <br /> monthly basis . This bill will include documentation of invoices paid by the SCHOOL <br /> DISTRICT and the calculation of the COUNTY ' s share . <br /> 5 . Utility Costs. All utility bills for electric, water, sewer, and fire alarm modem <br /> phone line shall be billed to the SCHOOL DISTRICT by the utility and paid monthly by <br /> the SCHOOL DISTRICT . The SCHOOL DISTRICT will bill the COUNTY for the <br /> COUNTY ' s share of the costs on a monthly basis . This bill will include documentation <br /> of invoices paid by the SCHOOL DISTRICT and the calculation of the COUNTY ' s <br /> share . <br /> (a) Electrical — During the initial operation period of March 1 , 2004 through <br /> June 30 , 2005 , the SCHOOL DISTRICT and County shall share electrical <br /> utility costs based upon the following : <br /> Based upon a recent reading of a monitoring meter, the cost shall be <br /> funded 27% COUNTY / 73 % SCHOOL DISTRICT . These percentages <br /> shall be adjusted yearly based on the monitoring meter in place . <br /> (b) Water/Sewer — During the initial operation period of March 1 , 2004 <br /> through June 30 , 2005 , the COUNTY shall pay 20 . 8 % of the monthly <br /> water and sewer charges and the SCHOOL DISTRICT shall pay 79 . 2% of <br /> the monthly charges . <br /> (c) Fire Alarm Modem Phone Line — During the initial operation period of <br /> March 1 , 2004 through June 30 , 2005 , the COUNTY shall pay 20 . 8 % of <br /> Page 3 of 7 <br />