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office and furnish the same, and secure the services of accountantsj attorneys~ <br />consultants, and others. <br /> <br /> 3. The Economic Development Corporation is authorized to expend the <br />funds provided by Cabarrus County for any or all of the uses and purposes set forth in <br />the budget of the Economic Development Corporation which is attached to this <br />Agreement as Exhibit <br /> <br /> 4. The County shal! allocate and, upon receipt of an invoice therefor, <br />pay to Economic Development Corporation twelve (12) monthly payments of <br />each, commencing 3uly !986, for a total of $q9~793.00, with each payment to be made <br />on or about the last day of each month. <br /> <br /> 2. Economic Development Corporation will undergo an audit of its <br />operations conducted by a Certified Public Accountant and will submit a copy of the <br />report of this audit to the County within ninety (90) days of the conclusion <br />Economic Development Corporation's established fiscal year. <br /> <br /> 6. Economic Development Corporation agrees to hold the County <br />harmless ][or any and all liability, damages or claims, including attorney's fees, that <br />might be asserted or suffered by the County as a result of any act or omission of any <br />of Economic Development Corporation's officers~ employees, agents or representatives <br />arising out of this contract. <br /> <br /> 7. This agreement shall be in effect for the period of 3uly l, 1986 <br />through and including 3une 30, 1987. This agreement may be renewed and shall <br />continue in force and effect for each successive year in which Cabarrus County makes <br />an appropriation to Economic Development Corporation. <br /> <br /> <br />