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June 1 O, 2002 <br /> <br />Cabarrus Soccer Association <br />6029 Monticello Drive NW <br />Concord, NC 28027 <br /> <br />Robert Freeman, <br />Chairman <br />Cabarrus County Commissioners <br />26 Church Street <br />Concord, North Carolina 28025 <br /> <br />Subject: Amendment to the Agreement for Priority Use of Specified Recreational <br />Facilities, Stonewall Jackson Soccer Complex. <br /> <br />Dear Mr. Freeman, <br />The Stonewall Jackson Soccer Agreement specifies that both the City of Concord and <br />Cabarrus Soccer Association (CSA) contribute $300,000.00 each toward deferral of <br />C6-ihpl~X-d~Si~ii'~afid- ~-0 i~t-ru& ib~-c-6s~,-f0Y a ~6~m~'in~ -f6f~IZ 6h~ib~/ti6h-i5 f'$600; 000: 00~ <br /> <br />Due to unfavorable economic conditions CSA has been able to raise $80,000.00 towards <br />their $100,000.00 first year pledge. The CSA fund raising plan includes three elements; <br />a) player assessment, b) revenue derived from tournaments, and c) corporate donations. <br />The business environment outlook does not appear to be much better than we are <br />c .urrently experiencing and will' no doubt impact our ability to raise funds via corporate <br />donations in the near future. The proposed facility opening of September 2002 did not <br />allow the association to schedule a tournament for the year 2002 but should provide us <br />with an opportunity to host a tournament in 2003. <br /> <br />With the above factors in mind, CSA is requesting an amendment to the agreement that <br />will allow CSA to meet its pledge of $300,000.00 over a six year period in six payments <br />of $50,000.00 per year. <br /> <br />The proposed amendment changes to the agreement are as follows and are underlined. <br /> <br />Current agreement <br /> <br />COUNTY, CITY AND CSA RESPONSIBILITIES AND COMPLEX USE <br /> <br /> City and CSA Cash Contributions. From January 1, 2001 through December 31, <br /> 2003, CSA and the City shall each contribute an aggregate of $300,000 in cash to <br /> the County (hereafter referred to as the "CSA Pledge" and the "City Pledge") for <br /> a combined contribution of $600,000.00: The City Pledge and the CSA Pledge are <br /> each payable in annual payments of One Hundred Thousand Dollars and 00/100 <br />· ($100,000), due and payable at any time during the year but at the latest by <br /> <br /> <br />