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AG 2003 01 27
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AG 2003 01 27
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Last modified
3/3/2006 9:37:17 AM
Creation date
11/27/2017 11:40:06 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/27/2003
Board
Board of Commissioners
Meeting Type
Regular
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3.3 <br /> <br />4. General <br /> <br />4.2 <br /> <br />4.3 <br /> <br />4.4 <br /> <br />4.5 <br /> <br />Release of Devel_o~_~. In the event of a transfer of all of the <br />remaining portion of the Proiect, the Developer shall obtain an <br />assumption by the transferee of the Developer's' obhgat~ons under <br />this Agreement, and, ~n such an event, the transferee shall be fully <br />substituted as the Developer under th~s Agreement and the <br />Developer executing this Agreement shall be released from any <br />further obligations with respect to this Consent Agreement. <br /> <br />Terms and Conditions. <br /> <br />Agreements to Run w~th the Land. This Agreement shall be <br />recorded against the Property as described in Exhibit A hereto and <br />shown on Exhibit A hereto. The agreements contained herein shall <br />be deemed to run with the land and shall be binding on all <br />successors ~n the ownership of the Property. <br /> <br />Construction of Aqreement. This Agreement should be construed <br />so as to effectuate the pubhc purpose of settlement of d~sputes, <br />while protecbng any compelhng, countervailing pubhc interest. <br /> <br />Laws of General Aoolicab~htv. Where this Agreement refers to laws <br />of general applicab~hty to the Project and other properties, th~s <br />Agreement shall be deemed to refer to other developed and <br />subdivided properties ~n Cabarrus County. <br /> <br />Duration. The term of th~s Agreement shall commence on, and the <br />effective date of this Agreement. The Term of this Agreement shall <br />extend for a period of two years following the effective date unless <br />the Agreement ~s earher terminated, or its term modified. The term <br />of this agreement shall automabcally be extended for a period of <br />two years following the filing of each record plat for a port~on of <br />the project, in accordance with the Subdivision Reaulabons. <br /> <br />Mutual Releases. At the t~me of, and subject to, (i) the expiration <br />of any applicable appeal period with respect to the approval of th~s <br />Agreement without an appeal hawng been filed or 01) the final <br />determination of any court upholding th~s Agreement, whichever <br />occurs later, and excepbng the part~es' respective rights and <br />obhgations under this Agreement, Developer, on behalf of itself and <br />Developer's partners officers, directors, employees, agents, <br />attorneys and consultants, hereby release Cabarrus County and <br />Cabarrus County board members, officials, employees, agents, <br />attorneys and consultant, and Cabarrus County, on behalf of itself <br /> <br /> <br />
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