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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />LIBRARY AGREEMENT <br /> <br /> THIS LIBRARY AGREEMENT is made and entered into this day of , 1998, <br />by and between the TOWN OF HARRISBURG (identified as '~Fown''), a North Carolina municipal corporation <br />and CABARRUS COUNTY (identified as "County"), a political subdivision of the State of North Carolina. <br /> <br />PREMISES <br /> <br /> 1. The Town has purchased real property within its corporate limits upon which it desires to <br />construct a Oaeilily to be used as a public library. <br /> <br /> 2. The County has establislxxt and presently administers a public library system within its borders, <br />which system includes branch librmy thcilities in most municipalities in Cabarrus County. <br /> <br /> 3. The Town desires that the library facility which it intends to build become a part of the <br />County's library system. <br /> <br /> 4. The Ccamty desires to increase the penetration of its library system in the Harrisburg area by <br />establishing a library facility in the Town. <br /> <br />In consideration of the above premises and the terms expressed below, the parties agree as follows: <br /> <br />TERMS <br /> <br /> 1. The Town, at its sole extxax~, on its property shall censmact a build/rig of approximately <br />10,000 square feet to house a branch facility of tho County library system. <br /> <br /> 2. The library tb. cility shall be located on a site to be determined by the Town, which is lcr_ated on <br />a thirty-eight acre tract owned by the Town between Alexander Street and Robinson Church Road in Harrisburg, <br />North Carolina. <br /> <br /> 3. The Town, at its expense, shall also provide the initial furnishings and equipment to outfit the <br />building as a library. After the County takes possession of the building, pursuant to the lease provisions of this <br />Agr~-~ment, the County at its expense will provide additional furnishings and equipment snfficient to provide <br />quality library, services to the general public and the residents of the Town. <br /> <br /> 4. The Town hereby leases to the County this library facility which the County agrees to lease <br />fi`om the Town. The initial term of this lease is~year,Scommencing at midnight of the day after the Town is <br />issued certificate of occupancy for the library building. <br /> <br /> 5. The annual rental to be paid by the County to the Town is One Dollar ($1.00) payable in <br />advance of each year of the lease term. <br /> <br />E-Iq' <br /> <br /> <br />