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<br />A. County will reimburs,e the EDC for cost of the core services as described above, <br />provided at a level subs~antially similar to those provided by the EDC in FY 2006, in an <br />amount up to $36,500 per month. <br />B. Reimbursement requiilsts from EDC may be submitted monthly. <br />C. The Cabarrus County Manager shall participate as a member of the EDC Board of <br />Directors during the terl'l1 of this contract consistent with EDC Bylaws, provided if the <br />County Manager cannot attend the EDC Board of Directors meeting, he may designate <br />one of his senior employees to represent the County at said meeting. <br />D. County shall provide public information necessary for the EDC to provide the <br />services described in I and II above. The County shall not provide any confidential or <br />proprietary information to the EDC without first obtaining such agreements and waivers <br />from the EDC as the Co,unty, in its sole judgment and discretion, deems necessary and <br />appropriate. <br /> <br />III. OTHER TERMS and CONDITIONS of this AGREEMENT <br /> <br />A. Term of Aareement <br />The term of this Agreement shall be for the fiscal year July 1, 2006 through June 30, <br />2007. <br /> <br />B. Termination of Aareertlent <br />Either party may terminate this Agreement by giving the other party a ninety-day (90 <br />day) written notice of its desire to terminate this Agreement. In the event of such <br />terminations, the EDC s~all provide the County with all pertinent information regarding <br />the current status of all efforts in any stage of progress at that time. <br /> <br />C. Notices. (a) All notices and other communications required or permitted by this <br />contract shall be in writinig and shall be given either by personal delivery, fax, or certified <br />United States mail, retur~ receipt requested, addressed as follows: <br /> <br />To the Countv: <br />County Manager <br />Cabarrus County <br />P.O. Box 707 <br />Concord, NC 28026 <br />Fax Numbers: <br />(704) 920-2820 <br /> <br />County Attorney <br />Cabarrus County <br />PO Box 707 <br />Concord, NC 28026 <br /> <br />To the EDC: <br />President & CEO <br />Cabarrus Econ. Dev., Inc. <br />3003 Dale Earnhardt Blvd <br />Kannapolis, NC 28083 <br /> <br />(704) 920-2820 <br /> <br />(704) 782-4050 <br /> <br />D. Insurance and Liabj~. The EDC will maintain worker's compensation and <br />employer's liability insurj!lnce for employees as required by law. EDC shall maintain <br />insurance policies at all times with minimum limits as follows: <br /> <br />Coveraae <br /> <br />Minimum Limits <br /> <br />6 <br />f:-\ \. <br />