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AG 2007 10 15
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AG 2007 10 15
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Last modified
2/1/2009 12:18:33 PM
Creation date
11/27/2017 11:31:50 AM
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Template:
Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
10/15/2007
Board
Board of Commissioners
Meeting Type
Regular
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DRAB= <br />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 Overhead Door. In the event one or <br />more 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 Overhead <br />Door with incentives of substantially equal value pursuant to one or more replacement <br />incentive grant programs. <br />4. Noncor~r pliance by Overhead Door. Overhead Door acknowledges that at <br />any time during the period that a Grant is paid or is to be paid to Overhead Door by <br />County, if Overhead Door has (a) failed or fails to make or maintain the New Investment, <br />(b) fails to continue in business a fully operational Facility or (c) fails to comply with any <br />provision of this Agreement or any provision of the Program applicable to this <br />Agreement, then Overhead Door shall be in default of this Agreement. In any such event, <br />the County may at its option terminate this Agreement and no further Grants shall be paid <br />to Overhead Door. <br />5. Miscellaneous. <br />a) Overhead Door acknowledges and understands that all the <br />provisions of the Program are considered enforceable parts of this Agreement and that it <br />must comply with all such provisions in order to be eligible for and remain eligible for <br />the Grants. <br />b) This Agreement and the Grants provided by it may not be assigned <br />by Overhead Door 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 (cgnfirmed 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 />G-I <br />
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