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EXHIBIT "A" <br /> <br />· I'ATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />AGREEMENT <br /> <br /> THIS AGREEMENT is made and entered into this the 15 day ofl~ebruary , <br />1999, by and between the COUNTY OF CABARRUS (hereinafter referred to as <br />"County") and the CHURCH OF GOD CHILDREN'S HOME OF NORTH <br />CAROLINA, INC. (hereinafter referred to as "Children's Home"). <br /> <br />WITNESSETH: <br /> <br /> WI.~REAS, the County desires to provide recreational and park services, <br />programs and facilities for the welfare of its citizens; and <br /> <br /> WI-~REAS, th= City of Kannapolis C"City") previously agreed to lease <br />County. a 45-acre tract for ~ ~- p~k, and- the Couat~ h~. a- d~ir~ W ~ <br />p~k site to provide gr=a~r Misur~ opportunities by leasing the coa~guous tract ~om <br />Child~n's Home; and <br /> <br /> WHEREAS, this agreement is intended to set forth c~rtain responsibiliti?s and <br />obligations between the County and Children's Home relating to the development of a <br />public park in northern Cabarms County on Orphanage Road. <br /> <br /> NOW, THEREFORE, upon valuable consideration, the receipt of which is <br />hereby acknowledged by each pm'ty and upon the premises contained herein, the partioa <br />agree as follows: <br /> <br />Article I. Park Property <br /> <br /> 1.0 Park Pro~rty.. The Clxildren's Home is the owner of property totaling <br />approximately 44-acres on the south side of Orphanage Road, Kannapolis, North <br />Carolina (the "Property"), a survey and/or boundary map of which property is attached <br />hereto as Exhibit "A", hereafter collectively referred to as the "Property". <br /> <br /> 1.1 l.~ease of ~h~ property. The parties hereby agree that the County shall <br />lease the Property from the Children's Hom~ upon customary and reasonable t~rms and <br />conditions for a ped~ of twenty (20) years at an annual rent of $1.00, for park <br />development and recreational purposes (hereinafter the "Lease"). The County shall not <br />be permitted to enter into any subleases of the Property. However, use of the Property <br />as a public park, as set forth herein, which may from time to time result in third party <br />use of the Property for a 'fee, shall not be construed as subletting for purposes of this <br /> <br />Page I <br /> <br /> <br />