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the period July 1, 1990 - June 30, 1991. <br /> <br /> NOW, THEREFORE, in consideration of the premises, COUNTY and HISTORIC <br /> CABARRUS, Inc. mutually agree to the following terms and conditionS: <br /> <br /> 1. This contract shall begin July 1, 1990, and shall exist and continue through <br /> June 30, 1991. <br /> <br /> 2. HISTORIC CABARRUS, Inc. shall make the building available for use by the <br /> general public for such uses as meetings, theatrical performances, seminars, etc. at a <br /> reasonable and affordable rate. <br /> <br /> 3. COLrlqTY shall allocate and pay to HISTORIC CABARRUS, Inc. eleven (11) <br />successive monthly payments of Four Hundred Sixteen Dollars Sixty-Six Cents ($416.66) <br />each, and a twelfth (12th) and final monthly payment of Four Hundred Sixteen Dollars <br />Seventy-Four Cents ($416.74), for a total sum of Five Thousand Dollars ($5,000.00), with <br />each successive monthly payment to be made on or about the last day of each month, <br />commencing July 3.~, 1990. <br /> <br /> 4. HISTORIC CABARRUS, Inc. shall use the funds paid to it by COUNTY for <br />the public purposes set forth hereinbefore. At the end of its fiscal year, HISTORIC <br />CABARRUS, Inc. shall undergo an audit of its operations conducted by a certified public <br />accountant, and shall submit a copy of the report of this audit to COUNTY within ninety <br />(90) days of the conclusion of its established fiscal ),ear. In addition, for COUNTY's <br />1991-92 fiscal year and for each succeeding fiscal year of COUNTY for which <br />HISTORIC CABARRUS, Inc. seeks a continuing appropriation from COUNTY, by no <br />later than March 15, HISTORIC CABARRUS, Inc. shall submit to COUNTY its <br />proposed budget for COUNTY's next ensuing fiscal year. <br /> <br /> 2 <br /> (_/.15- <br /> <br /> <br />