BC 1993 02 01 - Laserfiche WebLink

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196 The Board by general consensus agreed that it would be interested in looking at any other economic development considerations in the future. Appointment - Planning and Zoning Commission The Board received the written resignation of Mr. Kenneth Olio-Mills from the Planning and Zoning Commission. Commissioner Casper nominated Mr. Louis Brownlow for appointment to the Planning and Zoning Commission to represent Townships 8/9. Commissioner Barnhart moved that nominations be closed. The Board unanimously voted to appoint Mr. Brownlow to the Planning and Zoning Commission for a three-year term ending January 31, 1996. Approval of Ground Lease Agreement between Cabarrus County and the City of Concord for Water Treatment Facility UPON MOTION of Commissioner Payne, seconded by Commissioner Barnhart and unanimously carried, the Board approved the following Ground Lease Agreement between the City of Concord and Cabarrus County and authorized the Chairman to execute the Agreement on behalf of the County. NORTH CAROLINA CABARRUS COUNTY GROUND LEASE AGREEMENT THIS GROUND LEASE AGREEMENT dated as of February 1, 1993 (together with any amendments hereto made in accordance herewith, this "Lease"), entered into by and between the County of Cabarrus (the "County"), a political subdivision of the State of North Carolina, as lessor hereunder, and the City of Concord (the "City"), a municipal corporation duly created and existing under the laws of the State of North Carolina, as lessee hereunder; W I T N E S S E T H: WHEREAS, the City owns and operates a water and sewer system (the "Water System") located in Cabarrus County, North Carolina; WHEREAS, the County desires for more treated water service to be available for the citizens and residents of the area, and a demonstrated need exists therefor; WHEREAS, the City has decided to: (i) make improvements to the Water System consisting, among other things, of construction of a 36-inch raw water line, and a 12.0 MGD water treatment plant and the conversion of approximately 33,000 LF of a 24-inch raw water line to a finish water line, (the "Project"); and (ii) sell bonds (the "Series 1993 Bonds") under a bond indenture (the "Indenture") to be entered into between the City and Nationsbank of North Carolina pursuant to the State and Local Government Revenue Bond Act (the "Act") in an amount which, together with other available funds, will be sufficient to pay the cost of acquiring, constructing, equipping, and placing the Project in operation; WHEREAS, it is in the mutual best interest of the parties that the Project be located on the below-defined Demised Premises; WHEREAS, the County owns the Demised Premises, a metes and bounds description thereof being contained in Exhibit A attached hereto; WHEREAS, the Board of County Commissioners of the County (the "Board") has determined and hereby reaffirms that it is in the best interest of the County that the County enter into this Lease for the lease to the City of the Demised Premises; WHEREAS, the execution, performance and delivery of this Lease by the County have been authorized, approved, and directed by the Board by action taken and adopted by the Board on February 1, 1993; WHEREAS, the execution-, delivery and performance of this Lease by the City have been authorized, approved, and directed by all necessary and appropriate action of the Board of Aldermen of the City on February 1, 1993; and WHEREAS, the City desires to lease the Demised Premises from the County, and the County desires to lease the Demised Premises to the City, pursuant to the terms and conditions and for the purposes set forth herein. NOW, THEREFORE, for and in consideration of the mutual promises and covenants herein contained, the parties hereto agree as follows: