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AG 2008 07 21
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AG 2008 07 21
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Last modified
2/1/2009 12:19:55 PM
Creation date
11/27/2017 11:28:37 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/21/2008
Board
Board of Commissioners
Meeting Type
Regular
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<br />or to the New Investment or the Expansion (as it may be expanded or modified) unless <br />otherwise agreed to in writing by the County and Saddle Creek. In the event one or more <br />lawsuits or other proceedings are brought against the County or any County elected <br />official challenging the legality of this Agreement or any provision, the County shall <br />defend against any and all such lawsuits or other proceedings, including appealing any <br />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 Saddle <br />Creek with incentives of substantially equal value pursuant to one or more replacement <br />incentive grant programs. <br />4. Noncompliance by Saddle Creek. Saddle Creek acknowledges that at <br />any time during the period that a Grant is paid or is to be paid to Saddle Creek by County, <br />if Saddle Creek has (a) failed or fails to make or maintain the New Investment, (b) fails to <br />continue in business a fully operational facility or (c) fails to comply with any provision <br />of this Agreement or any provision of the Program applicable to this Agreement, then <br />Saddlc Creek shall be in default of this Agreement. In any such event, the County may at <br />its option terminate this Agreement and no further Grants shall be paid to Saddle Creek. <br />Miscellaneous. <br />a) Saddle Creek acknowledges and understands that al] the provisions <br />of the Program are considered enforceable parts of this Agreement and that it must <br />comply with all such provisions in order to be eligible for and remain eligible for the <br />Grants. <br />b) This Agreement and the Grants provided by it may not be assigned <br />by Saddle Creek 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: John D. Day <br />Cabarrus County <br />County Manager <br />65 Church Street, SE <br />Post Office Box 707 <br />Concord, North Carolina 28026 <br />Facsimile Number: (704) 920-2820 <br />Telephone Number: (704) 920-2100 <br />E-Mail: jdday~CabarrusCounty.US <br />Copy to: Richard M. Koch <br />G-1 <br />
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