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1 .0 Project Development - The City agrees to allow the County <br /> to use Lock and Dam No. 1 for the construction and operation <br /> of Project No. 1 on terms and conditions set forth in this <br /> Agreement. All facilities developed by the County at the <br /> Project will be owned by the County. The facilities owned <br /> by the County will be the Project facilities to be con- <br /> structed or added at Lock and Dam No. 1 as generally des- <br /> dribed in the FERC license application, as modified in the <br /> September 1985 White River Lock and Dam No. 1 Hydroelectric <br /> Project Feasibility Study including the following: <br /> 1 .1 A powerhouse and all equipment therein. <br /> 1 . 2 Intake channel and tailrace channel constructed by <br /> the County. <br /> 1 . 3 Any storage or maintenance buildings required for the <br /> Project which are constructed by the County. <br /> 1 . 4 All switchyard facilities within the fenced area <br /> surrounding the switchyard, including the fence, but <br /> not .the land required for the switchyard. <br /> 1 .5 All transmission facilities from the powerhouse <br /> to the point of interconnection with the Arkansas <br /> Power and Light transmission system. <br /> 1 . 6 All recreation facilities required to be installed <br /> or constructed by the County as a requirement of <br /> any license, permit or other approval required by <br /> the Federal or State government as a condition of <br /> the authorization for constructing operation and <br /> maintenance of the Project. <br /> 1 .7 All spare parts and tools. <br /> 1. 8 All telemetering equipment and off-site remote controls. <br /> 1 .9 Maintenance and service vehicles necessary for the <br /> Project. <br /> 1 . 10 All capital improvements and betterments required <br /> over the term of the initial FERC license and any <br /> renewal thereof, except for any improvements to the <br /> dam or locks. <br /> Nothing in this Agreement shall be construed to infer that <br /> the County has any ownership of any facilities or land <br /> required for the Project that is owned by the City as of <br /> the date of execution of this Agreement. <br />