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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />Agreement for Priority Use of <br />Specified Recreation Facilities <br />Stonewall Jackson Soccer Complex <br /> <br /> THIS AGREEMENT, made and entered into as of fflc day of <br /> ~ 2001, between the CABARRUS SOCCER ASSOCIATION ("CSA"), a <br />North Carolina youth athletic organization, the CITY OF CONCORD, a North Carolina <br />Municipal Corporation (the "City") and CABARRUS COUNTY, a political subdivision <br />of the State of North Carolina (the "County") (hereafter, this document may be referred <br />to as the "Agreement"). <br /> <br />WITNESSETH <br /> <br /> WHEREAS, the County encourages public and private cooperative funding of <br />public recreation facilities and improvements; and <br /> <br /> WHEREAS, on or about the 23rd day of February, 2000, the County entered in <br />to a 25 year lease with the State of North Carolina (the "Lease") for approximately 39.60 <br />acres adjacent to Stonewall Jackson, Cabarms County, N.C., for the purpose of <br />developing a soccer complex consisting of approximately 11 new soccer fields and all <br />necessary and attendant grading, seeding, drainage, outbuildings, infrastructures and <br />facilities including without limitation, parking, restrooms and storage facilities (the <br />"Complex"); and <br /> <br /> WHEREAS, the Complex will be accessible for use by all residents of the <br />County, including without limitation, residents of the City and individuals participating in <br />soccer teams and activities sponsored by CSA;.therefore, CSA and the City, pursuant to <br />the te£ms and conditions more fully set forth below; wish to contribute financially toward <br />the design and development of the Complex and have agreed, over a period of 3 years <br />beginning January 1, 2001, to each contribute $300,000 in cash toward deferral of <br />Complex design and construction costs, for a combined total contribution of $600,000 by <br />the City and CSA. <br /> <br /> NOW THEREFORE, in consideration of the premises and other good and <br />valuable consideration acknowledged by the parties to be sufficient, the City, CSA and <br />the County hereby agree as follows: <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 /> <br /> <br />