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<br /> <br />STATEOFNORTHCAROLmA <br />COUNTY OF CABARRUS <br /> <br />MEMORANDUM OF UNDERSTANDmG <br /> <br />THIS MEMORANDUM of Understanding is entered into as of the latter date of adoption shown <br />at the conclusion of this document by and between Cabarrus County, a body politic and <br />corporate of the State of North Carolina ("County") and the Town of Mt. Pleasant, a North <br />Carolina municipal corporation (" Town "). <br /> <br />WHEREAS, the County and the Town are experiencing explosive residential growth; and <br /> <br />WHEREAS, it is in the long-term interests of all the citizens of the County and the Town to <br />have a synchronized, progressive, cooperative and comprehensive approach to land use and <br />growth management. <br /> <br />THEREFORE, both the Town Council and the County Board of Commissioners agree to the <br />following: <br /> <br />1) The Town and County shall initiate a review and update, if necessary, of the Eastern Area <br />Plan, which includes both land use and growth management components. The planning will <br />begin immediately and is to be completed and implemented, including adoption of any <br />necessary ordinances, within six months. <br /> <br />2) The Town acknowledges that the County. has recently initiated a moratorium on the <br />consideration of residential subdivision applications in the unincorporated . areas of the <br />County for a period of six (6) months, concluding approximately June 30,2005. During the <br />moratorium period, the County anticipates preparation and adoption of new development and <br />zoning ordinances substantially similar to those in use in Mt. Pleasant, Harrisburg, Concord <br />and Kannapolis. These new ordinances shall be adopted at or before the end of the <br />moratorium. <br /> <br />3) All developments submitting preliminary applications to- the Town or preliminary <br />subdivision plats to the County prior to the enactment of the moratorium shall be permitted to <br />proceed through the development review process under the ordinances and regulations. in <br />effect at the date of execution of this Memorandum. SCDS, Inc., Pin #'s 5579-35-6630 & <br />5791-17-3304 shall also be permitted to proceed through the development review process <br />due to tl;1.e significant monetary investment already. <br /> <br />4) The Town shall endorse the County's effort .to revise its development. ordinances and will <br />take all steps necessary for the implementation thereof and agrees that with regard to any <br />annexation ordinances that the Town adopts during the moratorium, the effective date will <br />not be sooner than the date on which the moratorium ends. <br /> <br />5) The Town and County do hereby direct their managers, attorneys, planners and other <br />professional staff members to prepare such studies and documents necessary to effect the <br /> <br />10f2 <br /> <br />1=-17 <br />