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3 . Upon the completion of construction of said project by <br /> the COUNTY and acceptance by the Department of Parks and Tourism, <br /> the CITY agrees to assume the responsibility as sponsor of <br /> record for the proper operation and maintenance of said multi- <br /> purpose arena. <br /> 4 . The COUNTY agrees to allow the CITY to perform the role <br /> of sponsor of record and assigns total responsibility for operation <br /> and maintenance of said multi-purpose arena to the CITY. The <br /> CITY further assumes the responsibility for compliance with all <br /> State and Federal regulations governing the operation and <br /> maintenance of said arena. <br /> 5 . The CITY shall be granted complete authority to operate <br /> said arena in the manner in which the CITY sees fit and the COUNTY <br /> relinquishes all control over said arena to the CITY. <br /> (W 6 . In consideration of the CITY assuming responsibility of <br /> sponsor of record and accepting the responsibility of operation <br /> and maintenance of said arena and in consideration of the CITY <br /> allowing said arena to be placed on CITY property and in recogni- <br /> tion of the fact that all COUNTY residents have access to all <br /> parks and recreational facilities of the CITY, the COUNTY <br /> specifically agrees to continue to contribute funds to the CITY' S <br /> parks program for the maintenance and upkeep of public parks and <br /> recreational facilities . <br /> IN WITNESS HERETO, the COUNTY of Independence, Arkansas , and <br /> the CITY of Batesville , Arkansas , have executed this document by <br /> their duly elected officials who are authorized to represent the <br /> respective parties hereto in assuring the rights and obligations <br /> set forth herein, this day of 1986. <br /> 1986. <br /> INDEPENDENCE COUNTY, ARKANSAS CITY OF BATESVILLE, ARKANSAS <br /> do <br /> Hon. David Wy t n. J ' Shirrell, Mayor <br /> County Judge <br /> ATTEST: ATTEST: <br /> r <br /> Hon. Madgaret Bootfiby Hon. Lar y Willi <br /> County Clerk '�� City Clerk T1 L E D <br /> OCT 14 1986 <br /> MARGARET BO T <br /> COUNTY 6 p E HBY <br /> ATE CLERK <br /> .. ... ...........D.C. <br />