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AG 2002 07 22 (Regular)
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AG 2002 07 22 (Regular)
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Last modified
3/2/2006 5:01:32 PM
Creation date
11/27/2017 11:43:40 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/22/2002
Board
Board of Commissioners
Meeting Type
Regular
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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br /> FIRST AMENDMENT TO AGREEMENT FOR <br />PRIORITY USE OF SPECIFIED RECREATION FACILITIES <br />STONEWALL JACKSON SOCCER COMPLEX <br /> <br /> THIS AMENDED AGREEMENT, made and entered into as of the day of <br />,2002, between the CABARRUS SOCCER ASSOCIATION ("CSA"), a North <br />Carolina youth athletic organization, the CITY OF CONCORD, a North Carolina Municipal <br />Corporation (the "City") and CABARRUS COUNTY, a political subdivision of the State of <br />North Carolina (the "County") (hereafter, this document may be referred to as the "Amended <br />Agreement"). <br /> <br />WITNESSETH <br /> <br /> WHEREAS, on or about the 23ra day of April, 2001, the County, CSA and the City <br />entered into an agreement titled Agreement for Priority Use of Specified Recreation Facilities; <br />Stonewall Jackson Complex (the "Agreement"), and <br /> <br /> WHEREAS, due to unfavorable economic conditions, CSA has not been able to raise <br />funding for the Complex in accordance with the payment schedule as set forth in the Agreement, <br />and <br /> <br /> WHEREAS, CSA has requested an amendment to the Agreement to allow CSA to meet <br />its pledge of $300,000.00 over a six year period in six payments of $50,000.00 per year, and <br /> <br /> WHEREAS, the County and the City are agreeable to such amended payment schedule, <br />which will also allow the City the same amended payment schedule. <br /> <br /> NOW THEREFORE, in consideration of the premises and other good and valuable <br />consideration acknowledged by the parties hereto to be sufficient, the City, CSA and the County <br />hereby agree as follows: <br /> <br /> 1. The Section in the Agreement titled "County, City and CSA Responsibilities and <br />Complex Use: City and CSA Cash Contributions is hereby amended in its entirety to now read: <br /> <br />COUNTY, CITY AND CSA RESPONSIBILITIES AND COMPLEX USE <br /> <br />City and CSA Cash Contributions. From January 1, 2001 through December 31, 2006, <br />CSA and the City shall each contribute an aggregate of $300,000 in cash to the County <br />(hereafter referred to as the "CSA Pledge" and the "City Pledge") for a combined <br />contribution of $600,000.00. The City Pledge and the CSA Pledge are each payable in <br />annual payments of Fifty Thousand Dollars and 00/100 ($50,000), due and payable at any <br />time during the year but at the latest by December 31 of each of the following years: <br /> <br /> <br />
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