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<br />Consent Agreement with Cabarrus Counrj regarding payment of adequate <br />facilities fees and agree that annexation of the Subdivision into the City lirrits <br />sha11110t negate the obligation to pay such fees. Cabfu"'TUS County agleeS that the <br />school impactadequate facilities fee for the Morrison Creek Subdivision will be <br />$500 per home, payable at the time of issuance of a certificate of occupancy. This <br />provision does not preclude a later agreement behveen Cabarrus County and the <br />developer for a conveyance ofland in lieu of the fee. <br /> <br />'7 Morrison Creek, LLC agrees that it will use Concord Power exclusively <br />for the lots and homes develoDed in the Mouison Creek Subdivision. <br />" <br /> <br />3. Plaintiffs will submit petitions for voluntary annexation of the lots in the <br />Morrison Creek Subdivision into Concord at the same time as applications for <br />final plat approval of each phase of the subdivision are submitted to Cabarrus <br />County for approval, but prior to the conveyance of any lot 011 any slich recorded <br />final plat. The pa..rties agree that the effective date of emy ordinance of annexation <br />enacted by Concord upon such petition shall be the latest date allowable under <br />applicable law, up to a maximum of twenty-four months from the date of the <br />adoption of the annexation ordinance, Concord and Plaintiffs agree to work <br />together to seek and to support local legislation authorizing such twenty-four <br />month. delayed effective date, notvvithstanding any contrary or different provisions <br />of the General Statutes of North Carolina applicable to such petitions for <br />voluntary annexation, <br /> <br />H. Due Authorization. Each party warrants to every other party that it has the requisite <br />capacity and authority to enter into and to perform the terms of tins mediation agreement <br />and that all actions have been taken necessary to duly authorize the execution and <br />performance of this agreement, subject only to the necessity to obtain the local enabling <br />legislation referred to in item G (3) herein. <br /> <br />I. Time to Execute. TIns Agreement shall be executed by all parties 110 later than 5:00 PM <br />on July 9,2004. <br /> <br />In witness whereof, the parties have executed this agreement this the Jif:1ay of July, 2004. <br /> <br />Plaintiffs: <br />/) J/ ~ r--JL~d . <br />/;7- /Ccf---Zr1j~ ./" ~~.----7~__t.- <br />t..-- 1. Robert Morrison <br /> <br />~mQSuJ/ iJ{ ~K6 Sf\ tYlJli~~ <br />Mary w't.tittb IyIoIl~son <br /> <br />CHAR2\794977 _ I <br /> <br />5 <br />1-- ~ <br />