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CABARRUS <br />ECONOMIC DEVELOPMENT <br />ECONOMIC DEVELOPMENT PUBLIC INVESTOR AGREEMENT <br />This Agreement made and entered into this 1st day of July, 2010 by and between the County of <br />Cabarrus (hereafter called County), a subdivision of the State of North Carolina, and Cabarrus <br />Economic Development Inc., a North Carolina non -profit corporation (hereafter called the EDC). <br />WITNESSETH <br />THAT WHEREAS; County acknowledges that the EDC already provides "core economic <br />development services" as defined below to Cabarrus County to secure quality economic growth <br />in the private sector. "Quality economic growth" is defined as growth that improves the <br />County's tax base, provides employment opportunities, enhances the quality of life and does not <br />adversely affect the environment; and <br />WHEREAS; the EDC has requested financial support to establish a more extensive marketing <br />and business recruitment program and that these funds be solely for the public good to further a <br />public purpose; and <br />WHEREAS; the services, goods and programs offered by the EDC constitute a public purpose <br />offered to benefit the citizens and residents of Cabarrus County; and <br />WHEREAS; the County desires that funds be appropriated to the EDC so that it may provide the <br />services, goods and programs stated below; <br />NOW THEREFORE; for and in consideration of the sum of $17,666.66 per month to be paid by <br />the County as described below, the EDC agrees to provide the following services to the County: <br />F -2 <br />Attachment number 1 <br />Page 37 <br />