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Cabarrus County Government <br />CABARRUS COUNTY <br />RESERVATION OF CAPACITY CERTIFICATE <br />(Wexford Pointe Apartments) <br />Pursuant to the authority granted to Cabarrus County by the North Carolina General <br />Assembly as expressed specifically in N.C. Gen. Stat. §153A-320 N.C. Gen. Stat. §153A-331, <br />N.C. Gen. Stat. §15A-340, Session Law 2004-39 (as applicable) and Article 15 of the Cabarrus <br />County Zoning Ordinance, the Cabarrus County Board of Commissioners, at its regular meeting <br />on September 21, 2009, approved issuances of this Reservation of Capacity Certificate to <br />Solstice Partners, LLC for the Wexford Pointe Apartments, which is amulti-family residential <br />apartment project consisting of 106 units on approximately 8.73 acres located off Davidson <br />Highway in City of Concord. <br />This Certificate of Reservation of Capacity is issued pursuant to the following conditions <br />contained in the Ordinance and approved by the Board of Commissioners: <br />1. This Certificate applies to development of no more than 106 multi-family <br />apartments on the following parcel: 5611-47-3502. <br />2. Solstice Partners, LLC shall adhere to the following build out schedule: <br />All 106 multi-family apartment unit permits may be issued as early as <br />December 31, 2009. <br />3. Solstice Partners, LLC shall pay the Voluntary Mitigation Payment of $4,153.00 <br />per unit. A lump sum payment for all 106 units in the amount of $440,218.00 will be due prior to <br />the issuance of the first building permit. <br />4. This Certificate shall be valid for one year, beginning on the date of approval, <br />September 21, 20Q9, granted by the Cabarrus County Board of Commissioners. <br />This 2'~day of October, 2009. <br />~--~ we~~ <br />JO THAN B. MARSHALL <br />Director <br />Cabarrus County Commerce Department <br />65 Church Street SE (28025) ~ P.O. Box 707 Concord, NC 28026-0707 <br />Phone: 704.920.2191 ~ Fax: 704.920.2227 <br />Email: kgwatts@cabarruscounty.us Website: www.cabarruscounty.us <br />F-2 <br />A~~cji~ng~t number 2 <br />