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AG 2003 10 20
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AG 2003 10 20
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Last modified
3/3/2006 9:38:11 AM
Creation date
11/27/2017 11:42:00 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/20/2003
Board
Board of Commissioners
Meeting Type
Regular
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payments to be made to Ganassi during the respective term will be <br />made within twenty (20) days after Ganassi's payment of all <br />property taxes due to the County and the delivery of the statement <br />of the Tax Assessor previously identified. <br /> <br /> 2.0 State and City Incentives. The County agrees to assist <br />Ganassi in obtaining any incentives, grants and programs that may <br />be or become available from the State of North Carolina and/or the <br />City of Concord; however, the County shall not be responsible for <br />obtaining or paying any State or City incentives to Ganassi, <br />except as otherwise provided by law. <br /> <br /> 3.0 Validity of Incentives. As stated in the Program, no <br />change in the Program after the date hereof shall apply to the <br />provisions of this Agreement or to the New Investment or the <br />Facility (as it may be expanded or modified) unless otherwise <br />agreed to by the County and Ganassi. In the event one or more <br />lawsuits or other proceedings are brought against the County or <br />any County elected official challenging the legality of this <br />Agreement or any portion hereof, then the County shall defend <br />against any and all such lawsuits or other proceedings, including <br />appealing any adverse judgment to the highest appellate Court of <br />the State of North Carolina. In the event that any of the <br />incentives or other agreements of the County are determined to be <br />invalid, the County agrees that it will, to the extent permitted <br />by law, provide Ganassi with incentives of substantially equal <br />value pursuant to one or more replacement incentive grant <br />programs. <br /> <br />4.0 Miscellaneous <br /> <br /> 4.1 Notices. Ail notices, certificates or other <br />communications required by or made pursuant to this Agreement <br />shall be sufficiently given and shall be deemed given when <br />delivered or mailed by registered or certified mall, postage <br />prepaid or sent by facsimile (confirmed by the party providing <br />notice) as follows: <br /> <br />The County: <br /> <br />John D. Day, <br />County Manager <br />Cabarrus County <br />65 Church Street, SE <br />Post Office Box 707 <br />Concord, North Carolina 28026 <br />Attention: County Manager <br />Facsimile No: (704) 920-2820 <br />Telephone No: (704) 920-2100 <br /> <br /> <br />
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