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CONTRACT NO. P05032 <br /> <br />GRANTEE'S FEDERAL I.D. <br /> 566000281 <br /> <br />N.C. PARKS AND RECREATION TRUST FUND PROJECT AGREEMENT <br /> <br />Grantee: County of Cabarrus <br />Project Number: 2004 - 325 <br /> <br />Project Title: Pharr Mill Road Project <br /> <br />Period Covered By This Agreement: July 1, 2004 to June 30, 2007 <br /> <br />Project Scope (Description of Project)' <br />Picnic Area, Trail Walking/Bicycle, Boardwalk, Site Preparation, Parking/Entrance Drive, <br />Utilities, Sidewalk, Gates, Landscaping, Mobilization, Contingency, Architect/Engineer Fees <br /> <br />Project Costs: <br /> <br />PARTF Amount <br /> <br />$ $250,000.00 <br /> <br />Local Government Match $ $250,000.00 <br /> <br />AGREEMENT CONDITIONS <br /> <br />The North Carolina Department of Environment and Natural Resources (hereinafter called the <br />"Department") and County of Cabarrus (hereinafter referred to as "Grantee") agree to comply <br />with the terms, promises, conditions, plans, specifications, estimates, procedures, project <br />proposals, maps, and assurances described in the North Carolina Parks and Recreation Trust <br />Fund (PARTF) administrative rules and grant application which are hereby by reference made <br />a part of the PARTF grant contract and which are on file with the Division of Parks and <br />Recreation. <br /> <br />Now, therefore, the parties hereto do mutually agree as follows: <br /> <br />Upon execution of this grant agreement, the Department hereby promises, in consideration of <br />the promises by the Grantee herein, to obligate to the Grantee the grant amount shown above. <br />The Grantee hereby promises to efficiently and effectively manage the funds in accordance <br />with the approved budget, to promptly complete grant assisted activities described above in a <br />diligent and professional manner within the project period, and to monitor and report work <br />performance. <br /> <br />The parties to this contract agree and understand that the payment of the sums specified in this <br />contract is dependent and contingent upon and subject to the appropriation, allocation and <br />availability of funds for this purpose to the Department. <br /> <br /> <br />