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<br />CONSENT AGREEMENT <br />FOR THE Laurel Park Phases 4-6 DEVELOPMENT <br />FOR CABARRUS COllNTY <br /> <br />TRIS CONSBN'l' AGREEMENT is entered into as of this day of , by <br />and among Niblock Development Corporation, with its principal place of business <br />at 300 McGill Ave., NW, Concord, NC 28027 the owners of the project more fully <br />defined below ("Developer") and Cabarrul!l County, North Carolina, a political <br />subdivision of the State of North Carolina, with its principal place of <br />business at 65 Church Street, SE, Concord, North Carolina 28025 (hereafter, the <br />"County" or "Cabarrus County") by and through its Cabarrus County. Board of <br />Commissioners. <br /> <br />RECITALS: <br /> <br />A. Developer is the owner of approximately.aS.Os ,acres of real property <br />located in the City of Concord, Cabarrus County~ and has proposed the <br />development of a subdivision in that location with a maximum of 257 single <br />family lots, currently known as the Laurel Park Phases 4-6 subdivision project <br />(the "project"), to be constructed in multiple phases. <br /> <br />B. The project is subject to the Adequate Facilities Provisions of the <br />Cabarrus County Subdivision Ordinance, Chapter "4 Section 17, and to best <br />knowledge of the County, has been reviewed by all public agencies which may <br />potentially serve the project and its futur~ residents. <br /> <br />C. Developer is willing to advance public services and facilities for the <br />Project and to agree to certain other considerations to address Cabarrus County <br />adequate facility standards and advance these services and facilities. <br /> <br />D. Cabarrus County, acting pursuant to its authority under G.S. 153A-330 <br />to 335, and the applicable provisions of the Cabarrus County Subdivision <br />"Regulations,has made certain determinations with respect to the proposed <br />project, and, in the exercise of its legislative discretion, has elected to <br />process the project, resulting in the negotiation, consideration and approval <br />of this Consent Agreement after all necessary hearings; <br /> <br />CABARRUS COONTY AND THE DEVELOPER HEREBY AGREE AS FOLLOWS: <br /> <br />1. 'l"he Project <br /> <br />1.1 DescriPtion of Pro;ect. The Laurel Park Phases 4-6 Project covered by <br />this Consent Agreement consists of a single-family subdivision with 257 lots <br />located on apprOXimately B8.08 acres in City of Concord, North Carolina and has <br />a density not exceed 2.91 as "shown on the approved preliminary subdivision <br />plan. Any changes in such approval must be approved in accordance with the City <br />of Concord Unified Development Ordinance (UDO) or its successor in interest. <br /> <br />1.2 Leqal Description of Property. The map description of the land <br />covered by the project is attached hereto as Exhibit A and ,incorporated into <br />this Consent Agreement by this reference (the "Propertyh). No property may be <br />added"to the map description for purposes of this Consent Agreement, except by <br />written amendment. Except as expressly set forth in this ~greement with <br />respect to off-property road improvements, this Consent Agreement shall not <br />affect any land other than the Property. <br /> <br />1.3 Approved Use and Density. This Consent Agreement shall recognize, with <br />respect to the project, the total number of subdivided, single family <br />residential lots, consisting of an overall maximum density not to exceed 2.91 <br />units per gross acre of the Property. No multi-family units are approved for <br />the Project. <br /> <br />E-I <br />