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Arts Council for the period July 1, 1990 - June 30, 1991. <br /> <br /> NOW, THEREFORE, in consideration of'the premises, COUNTY and ARTS <br /> COUNCIL do mutually agree to the following terms and conditions: <br /> <br /> 1. TMs contract shall begin .luly 1, 1990, and shall ex/st and continue through <br />June 30, 1991. <br /> <br /> 2. ARTS COUNCIL shall' continue to promote, support, develop and coordinate <br />a program for the cultural arts and provide staffing and services therefor for the benefit <br />of the citizens and res/dents of the greater Cabarrus County area. <br /> <br /> 3. Contingent upon receipt from the North Carolina Arts Council of the Grant <br />for operating support of the Arts Council in the sum of Five Thousand Dollars <br />($5,000.00), COUNTY shall allocate and pay to ARTS COUNCIL eleven (11) successive <br />monthly payments of Eight Hundred Thirty-Three' Dollars Thirty-Three Cents (833.33) <br />each, and a twelfth (12th) and final monthly payment of Eight Hundred Thirty-Three <br />Dollars Thirty-Seven Cents (833.37), representing a total appropriation of Ten Thousand <br />Dollars ($10,000.00) from COUNTY'S separate funds (or a total appropriation of <br />$15,000.00), with each successive monthly payment to be made on or about the last day <br />of each month, commencing July 31, 1990. <br /> <br /> 4. ARTS COUNCIL shall use the funds paid to it by COUNTY for operation, <br />development, support, maintenance, staffing and coordination of the cultural arts in <br />Cabarrus County. At the end of its fiscal year, ARTS COUNCIL shall undergo an audit <br />of its operations conducted by a certified public accountant, and shall submit a copy of <br />the report of this audit to COUNTY within ninety (90) days of the conclusion of its <br />established fiscal year. In addition, for COUNTY'S 1991-92 fiscal year and for each <br />succeeding fiscal year of COUNTY for which ARTS COUNCIL seeks a continuing <br /> <br /> <br />