My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 2016 11 21
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
2016
>
AG 2016 11 21
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/23/2016 2:25:13 PM
Creation date
11/27/2017 10:35:48 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/21/2016
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.
/
262
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
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 Linder 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 incentives or other agreements of the County are determined to be <br />invalid, the County agrees that it will, to the extent permitted by law, provide Project <br />Linder Applicant with incentives of substantially equal value pursuant to one or more <br />replacement incentive grant programs. <br />4. Noncompliance by Project Linder Applicant Project Linder Applicant <br />acknowledges that at any time during the period that an Investment is paid or is to be paid <br />to Project Linder Applicant by County, if Project Linder Applicant has (a) failed or fails <br />to make or maintain the New Investment, (b) fails to continue in business a fully <br />operational Facility (c) fails to maintain a payroll of the number of new jobs required by <br />Exhibit B at the Facility, or (d) fails to comply with any provision of this Agreement or <br />any provision of the Program applicable to this Agreement, then Project Linder Applicant <br />shall be in default of this Agreement. In any such event, the County may at its option <br />terminate this Agreement and no further Investments shall be paid to Project Linder <br />Applicant and all previous Investments shall be repaid to the County. <br />5. Miscellaneous. <br />a) Project Linder Applicant acknowledges and understands that all <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 Investments. <br />b) This Agreement and the Investments provided by it may not be <br />assigned by Project Linder 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 />Cabarrus County <br />County Manager <br />65 Church Street, SE <br />Post Office Box 707 <br />Attachment number 3 \n <br />G -3 Page 218 <br />
The URL can be used to link to this page
Your browser does not support the video tag.