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® <br /> <br /> December 10, 1999 <br /> <br />The Mills Corporation <br />Concord Mills Development <br />8l 11 Concord Mills Boulevard <br />Concord, North Carolina 28027 <br />(704) 782 6700 <br />Fax: (704) 782 6717 <br /> <br />Mr. Frank Clifton <br />County Manager <br />Cabarrus County <br />Governmental Center <br />P~O. Box 707 <br />Concord, NC 28026 <br /> <br />Dear Frank: <br /> <br />Concord Mills Limited Partnership was the recipient of an economic incentive grant from the <br />County of Cabarrus and the City of Concord. The incentive grant will commence April 1,2001. <br />The Agreement was to cover the mall property and the mall peripheral property ("Project"). <br /> <br />The Concord Mills project always anticipated the development of outparcel property. During the <br />construction process, additional property in close proximity to the mall was acquired. This <br />includes a tract that was purchased from Tanger Factory Outlets that is located at the southeast <br />comer of the Interstate 85 and Concord Mills/Speedway Blvd intemhange. <br /> <br />While the Agreement may not have been entirely specific concerning the inclusion of the peripheral <br />property, this letter shall serve as confirmation that the mall property and all peripheral property, <br />should be subject to the terms of the Agreement. This additional property, including the above- <br />mentioned tract, would be bound by the parameters of the existing Agreement under the "Level III' <br />grant applicable to the mall. <br /> <br />A map is attached that illustrates the current scope of the Project for your convenience. Please <br />have the County Commissioners affirm our understanding of the above parameters as noted. <br />Thank you. <br /> <br />Vice President, Development Director <br /> <br />Enclosure <br /> <br />cc. E. Vinson <br /> M. Dorigan, Esq. <br /> B. Montgomery <br /> T. Archer <br /> Chron. <br /> <br />THE NEXT <br />GENEKATION <br />OF KETAILING <br /> <br /> <br />