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NORTH CAROLIN]% <br /> <br />CABARRUS COUNTY <br /> <br />INDUSTRIAL INCENTIVE <br /> GRANT /%GREEMENT <br /> <br /> THIS AGREEMENT (this "Agreement") is made and entered into as <br /> <br /> of the 21 day of July , 199 7 , among C/%BARRUS COUNTY (the <br /> <br /> "County"), a political subdivision of the State of North Carolina; <br /> the CITY OF CONCORD (the "City"), a municipal corporation of the <br /> State of North Carolina; and S & D COFFEE, INC. ("S&D"), a North <br /> Carolina corporation; <br /> <br /> W I T N E S S E T H: that-- <br /> <br /> waEREAS, S & D, located at 300 U. S. Highway 29, South, <br />Concord, North Carolina (the "Property"), currently plans to expand <br />its existing facility (the "Facility") upon the Property in the <br />manner and to the extent, generally described in the attached <br />Exhibit A (the "Expanded Facility"); and <br /> <br /> WHEREAS, the anticipated project investment of the Expanded <br />Facility is Thirteen Million Dollars ($13,000,000.00) (the <br />"Anticipated Project Value"); and <br /> <br /> WHEREAS, over an extended period of time, S & D.discussed <br />various proposals with the City and the County which provide for <br />certain economic incentives to S & D to induce its expansion of the <br />Facility within the City of Concord and Cabarrus County; and <br /> <br /> WHEREAS, in order to induce S & D to expand the Facility, and <br />to assist S & D in such activity, the City and the County hereby <br />offer to S & D various incentives and other agreements hereinafter <br />set forth; and <br /> <br /> WHEREAS, after careful consideration and evaluation of these <br />proposals, s & D has based its decision to expand its operation <br /> <br /> <br />