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AG 2006 09 11 Work Session
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AG 2006 09 11 Work Session
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Last modified
9/11/2006 2:35:29 PM
Creation date
11/27/2017 11:33:55 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/11/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />not be responsible for obtaining or paying any State or City incentives to Old Charlotte <br />Centre, except as otherwise provided by law. <br /> <br />3. Validitv of Incentives. As stated in the Program, no change in the <br />Program after the date ofthis 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 Old Charlotte Centre. In the event one <br />or more lawsuits or other proceedings are brought against the County or any County <br />elected official challenging the legality ofthis Agreement or any provision, the County <br />shall defend against any and all such lawsuits or other proceedings, including appealing <br />any 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 Old <br />Charlotte Centre with incentives of substantially equal value pursuant to one or more <br />replacement incentive grant programs. <br /> <br />4. Noncompliance bv Old Charlotte Centre. Old Charlotte Centre <br />acknowledges that at any time during the period that a Grant is paid or is to be paid to <br />Old Charlotte Centre by County, if Old Charlotte Centre has (a) failed or fails to make or <br />maintain the New Investment, (b) fails to continue in business a fully operational Facility <br />or (c) fails to comply with any provision of this Agreement or any provision of the <br />Program applicable to this Agreement, then Old Charlotte Centre shall be in default of <br />this Agreement. In any such event, the County may at its option terminate this <br />Agreement and no further Grants shall be paid to Old Charlotte Centre. <br /> <br />5. Miscellaneous. <br /> <br />a) Old Charlotte Centre acknowledges and understands that all the <br />provisions of the Program are considered enforceable parts ofthis 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 /> <br />b) This Agreement and the Grants provided by it may not be assigned <br />by Old Charlotte Centre without the prior written consent of County. <br /> <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 /> <br />The County: John D. Day <br />Cabarrus County <br />County Manager <br />65 Church Street, SE <br />Post Office Box 707 <br />
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