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AG 2016 06 20
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AG 2016 06 20
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Last modified
6/22/2016 12:17:16 PM
Creation date
11/27/2017 10:33:31 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/20/2016
Board
Board of Commissioners
Meeting Type
Regular
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County shall not be responsible for obtaining or paying any State or City incentives to <br />Project Blue Applicant, except as otherwise provided by law. <br />3. Validity of Incentives. As stated in the Program, no change in the <br />Program after the date of this Agreement shall apply to the provisions of this Agreement <br />or to the New Investment or the Facility (as it may be expanded or modified) unless <br />otherwise agreed to in writing by the County and Project Blue Applicant. In the event <br />one or more lawsuits or other proceedings are brought against the County or any County <br />elected official challenging the legality of this Agreement or any provision, the County <br />shall defend against any and all such lawsuits or other proceedings, including appealing <br />any adverse judgment to the highest appellate court of the State of North Carolina. In the <br />event that any of the economic development Grants or other agreements of the County <br />are determined to be invalid, the County agrees that it will, to the extent permitted by <br />law, provide Project Blue Applicant with incentives of substantially equal value pursuant <br />to one or more replacement economic development grant programs. <br />4. Noncompliance by Project Blue Applicant. Project Blue Applicant <br />acknowledges that at any time during the period that a Grant is paid or is to be paid to <br />Project Blue Applicant by County, if Project Blue Applicant has (a) failed or fails to <br />make or maintain the New Investment, (b) failed or fails to provide the jobs represented <br />to the EDC as indicated in Exhibit B; (c) fails to continue in business a fully operational <br />Facility for a period of at least 7.5 years or (d) fails to comply with State law, any <br />provision of this Agreement or any provision of the Program applicable to this <br />Agreement, then Project Blue Applicant shall be in default of this Agreement. In any <br />such event, the County may at its option terminate this Agreement and no further Grants <br />shall be paid to Project Blue Applicant and any Grants paid to Project Blue Applicant <br />shall be immediately repaid to the County. <br />5. Miscellaneous. <br />a) Project Blue Applicant acknowledges and understands that all the <br />applicable provisions of the Program are considered enforceable parts of this Agreement <br />and that it must comply with all such provisions in order to be eligible for and remain <br />eligible for the Grants. <br />b) This Agreement and the Grants provided by it may not be assigned <br />by Project Blue Applicant without the prior written consent of County. <br />C) Notices. All notices, certificates or other communications <br />required by or made pursuant to this Agreement shall be sufficiently given and shall be <br />deemed given when delivered or mailed by registered or certified mail, postage prepaid <br />or sent by facsimile (confirmed by the party providing notice) as follows: <br />The County: Michael K. Downs <br />County Manager <br />Cabarrus County <br />Attachment number 3 \n <br />G -4 Page 396 <br />
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