AG 2004 06 15 - Laserfiche WebLink

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law and authorized by the Pitts VFD Board of Directors, shall be contributed to Concord and the County jointly for the construction of the dormitory, facility contemplated in this Agreement. 16. Pitts Fire Tax. Upon execution of this Agreement by the parties herein, the County and Pitts VFD shall promptly cease to levy a fire district tax on the area of the Pitts VFD fire tax district. Those portions of the present Pitts VFD fire tax district which are in unincorporated areas north of Interstate 85 may be subject to a future fire tax district tax at such time as those areas become a part of another VFD fire tax district. 17. Outstanding Debt. Concord shall assume the outstanding debt of Pitts VFD. If for any reason, Concord is unable to assume'the outstanding debt of Pitts VFD, then Concord shall agree to pay off such debt or reschedule it in such a way that Pitts VFD shall ho.longer be obligated on the debt or any portion of it. 18. Standing to Enforce Agreement. Because it is contemplated that Pitts VFD shall not exist as an entity long after the execution of this Agreement, and because other obligations of this Agreement accrue to the benefit of persons or entities who are not parties to this Agreement, the parties agree that either Concord or the County, as may be appropriate, shall have standing to enforce the obligations set forth in this Agreement on behalf of themselves or others. Further, either Concord or the County may confer standing on any aggrieved person(s) or entity by joining such aggrieved person(s) or entity in an action for enforcement of the obligations set forth herein. 19. North Carolina Law. This Agreement shall be interpreted and determined under the laws of the State of North Carolina. If any provision of this Agreement is determined to be contrary to the laws of the State of North Carolina or the United States of America, then such provision shall be considered null and void, but the remainder of the provisions of the Agreement shall remain in full force and effect. 20. Venue. The parties agree that the District Civil Courts for Cabarrus County, North Carolina shall be the appropriate venue for any litigation of any dispute arising between the parties under this Agreement, or any other dispute for enforcement of the obligations set forth in this Agreement, unless Concord and the County agree upon another venue. 21. Warranties. The parties to this Agreement each warrant and represent that execution of this Agreement and full performance of its own obligations hereunder are fully authorized by law; and each has complied or will comply with all procedures necessary to render its execution of this Agreement and the performance of its obligations hereunder as valid, legal and binding acts of each of the parties respectively.