AG 2002 11 18 (Regular) - Laserfiche WebLink

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NORTH CAROLINA CABARRUS COUNTY MUTUAL ACCESS AND PARKING AGREEMENT THIS AGREEMENT, is made and entered into this __ dayofNovember, 2002, by and between Cabarms County, a body politic and political subdivision of the State of North Carolina (the "County"), and D & B Properties, LLC (the "Company") for the purpose of creating rights of mutual access and parking in and to the parking lots and access points located on lot 11 of the Concord Executive Park (the "Park") owned by the Company ("Lot 11") as well as the adjacent property owned by the County on the north side o£Lot 11 (the "Adjacent Property"). WITNESSETH that: WHEREAS, the Company !s the owner of Lot 11 which is located in the Number 4 Township of Cabarrus County; WHEREAS, the County is the owner of the Adjacent Property with the address 2325 Lake Concord Road in Number 4 Township of Cabarrus County; WHEREAS, the parties desire to provide for the use and maintenance of the entrance to Lake Concord Road which crosses the Adjacent Property (the "Access Drive") in order to facilitate travel to and from Lake Concord Road as well as the parking lots located both on Lot 11 and the Adjacent Property (the "Parking Lots") as shown On the map attached hereto as Exhibit "A". NOW THEREFORE, the parties herein and all subsequent owners, do hereby agree that the owners of Lot 11, their assigns, customers, and invitees shall forever enjoy the use of the Access Drive for ingress and egress to Lot 11 and that both the owners of Lot 11 and also th6 Adjacent Property, thei. r assigns, customers, and invitees shall.forever enjoy the use of the Parking Lotsl In addition, the parties herein and all subsequent owners shall keep and maintain the Access Drive and the Parking Lots in a gobd state of repair and provide for the maintenance of said Access Drive and Parking Lots. It is tin,her agreed that each party shall pay their pro-rata share of the costs of said maintenance with each pro-rated share to be determined by the parties upon completion of any required maintenance. IN WITNESS WHEREOF,/he parties herein have executed this AGREEMENT the day and year first above written.