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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br />ECONOMIC DEVELOPMENT <br />GRANT AGREEMENT <br />(Project "Deliver ") <br />This ECONOMIC DEVELOPMENT GRANT AGREEMENT (the "Agreement ") <br />is made and entered as of the day of , 2015, by and <br />between CABARRUS COUNTY, a body politic and political subdivision of the State of <br />North Carolina ( "County "), and PROJECT DELIVER APPLICANT, a corporation. <br />RECITALS <br />1. Project Deliver Applicant is considering leasing a 343,000 square foot <br />distribution facility in the County (the "Site ") by constructing new leasehold <br />improvements and installing furniture, fixtures and equipment in the Facility at an <br />estimated cost of at least Twenty -Six Million Eight Hundred Thousand Dollars <br />($26,800,000.00) ( "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 Deliver application for inclusion in the Program and EDC's overview is attached <br />as Exhibit B and incorporated by reference. <br />4. Project Deliver Applicant has determined that location of its distribution <br />and delivery facility in the River Oaks Corporate Center in Concord, North Carolina (the <br />"Facility ") in the County is a suitable location for the placement of the Facility and the <br />New Investment. <br />5. Project Deliver Applicant has determined that it will employ <br />approximately 55 full time and 309 part time employees at the Facility, with a probable <br />average annual wage of $36,000.00. <br />6. To induce Project Deliver Applicant to locate the New Investment in the <br />Facility at the Site and to assist Project Deliver Applicant in that activity, the County has <br />offered incentives to Project Deliver Applicant generally consistent with the Program. <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 Deliver Applicant agree as follows: <br />Attachment number 2 \n <br />G -2 Page 351 <br />