My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 2016 06 20
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
2016
>
AG 2016 06 20
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/22/2016 12:17:16 PM
Creation date
11/27/2017 10:33:31 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/20/2016
Board
Board of Commissioners
Meeting Type
Regular
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
459
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br />ECONOMIC DEVELOPMENT <br />GRANT AGREEMENT <br />(Project "Blue ") <br />This ECONOMIC DEVELOPMENT GRANT AGREEMENT (the "Agreement ") <br />is made and entered as of the day of , 2016, by and between <br />CABARRUS COUNTY, a body politic and political subdivision of the State of North <br />Carolina ( "County "), and PROJECT BLUE APPLICANT, a corporation. <br />RECITALS <br />1. Project Blue Applicant is considering locating a multi square foot <br />technical development facility in County (the "Facility ") by leasing and upfitting new <br />facilities in the County and installing furniture, fixtures and equipment in the Facility at <br />an estimated cost of Five Million Eight Hundred Sixty -Seven Thousand Five Hundred <br />Dollars ($5,867,500.00) (collectively referred to as "New Investment "). <br />2. The County has previously adopted an Industrial Development Grant <br />Program (the "Program "), a copy of which is attached as Exhibit A and incorporated by <br />reference, the public purpose of which is to encourage economic growth and <br />development within the County. <br />3. Cabarrus Economic Development, Inc. (the "EDC ") has reviewed the <br />Project Blue application for inclusion in the Program and EDC's overview is attached as <br />Exhibit B and incorporated by reference. <br />4. Project Blue Applicant has determined that location of its technical <br />development facility at 4715 Corporation Drive in the International Business Park in <br />Concord, North Carolina (the "Site ") in the County is a suitable location for the <br />placement of the Facility and the New Investment. <br />5. To induce Project Blue Applicant to locate the New Investment in the <br />Facility at the Site and to assist Project Blue Applicant in that activity, the County has <br />offered incentives to Project Blue Applicant consistent with the Program, but with a <br />waiver as to the length of time of the economic development grant. <br />In consideration of the mutual promises set forth in this Agreement and other <br />good and valuable considerations, the receipt and sufficiency of which are acknowledged <br />by the parties, the County and Project Blue Applicant agree as follows: <br />COVENANTS, TERMS and CONDITIONS <br />Incentive Grants. <br />Pursuant to the Program, a modified, the County <br />shall in accordance with and as provided by this Agreement, pay to Project Blue <br />Attachment number 3 \n <br />G -4 Page 394 <br />
The URL can be used to link to this page
Your browser does not support the video tag.