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Management Agreement between the Cabarrus-Rowan Park Commission and the Cabarrus County Local Government WITNESSETH WHEREAS, the Cabarrus-Rowan Park Commission, herein referred to as "the Commission," desires to provide park facilities and recreation services in the Northern Cabarrus and Southern Rowan area of Cabarrus and Rowan Counties, and WHEREAS, the local government of Cabarrus County, herein referred to as "the County," is willing to provide management services to the degree as outlined in this agreement, Now therefore, the two entities agree to the following: The Commission agrees to:' 1. Designate the County Manager as the Commission's Purchasing Agent for all purchases by the Park Commission. 2. By February I of each year, prepare and submit an operations, maintenance, and capital construction budget to the respective recreation commissions of all participating units. 3. Follow in strict accordance all North Carolina State Statutes that relate to the bidding of supplies, the awarding of construction projects, and other duties the Board is empowered to perform. 4. Save harmless and indemnify ~he County against all claims, losses, damages, injuries, causes of action, lawsuits, expenses, and liability arising from or arising out of the Commission's failure to comply with the responsibilities and stipulations found herein and other responsibilities as outlined in the "Resolution creating the Joint Park Commission," wherever such claims, losses, damages, injuries, causes of action, lawsuits, expenses and liabilities arise from the negligent or willful acts or omissions of the Commission. The County agrees: 1. To provide accounting and other fiscal control in compliance with accounting procedures stipulated in North Carolina General Statutes 159. 2. To invoice all participating units of the Commission on a monthly basis based on the participating unit's proportionate share of the financial obligation of the Commission for the previous month. 3. To provide monthly financial reports on all the Co~ission's expenditures and revenue receipts for the previous month and a summary of the year-to- date expenditures and revenue collections of the Commission. 4. To provide an annual audit of the Commission's budget and expenditures as required by the North Carolina Local Government Commission.