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