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This instrument his been pre-audited <br />In the manner required by the Local Government <br />Budget and Fiscal Control Act <br /> <br />City of Concord Finance Director <br /> <br />County of Cnbarrus Finance Director <br /> <br />NORTH CAROLINA <br /> <br />CABARRUS COUNTY <br /> <br /> INCENTIVE <br />GRANT AGREEMENT <br /> <br /> THIS INCENTIVE GRANT AGREEMENT (this "Agreement") is made and entered into <br />as of'the __ day of September, 1997, by and among the COUNTY OF CABARRUS, NORTH <br />CAROLINA (the "County"), a political subdivision of the State of North Carolina; the CITY OF <br />CONCORD, NORTH CAROLINA (the "City"), a municipal corporation of the State of North <br />Carolina; and CONCORD MILLS LIMITED PARTNERSHIP or its designee (the "Mills"), a <br />Delaware limited partnership; <br /> <br /> WITNES SETH: THAT-- <br /> <br /> WHEREAS, Mills proposes to develop on certain property described on Exhibit 1 attached <br />hereto ("Property") the initial phase of a retail and entertainment project to be known as "Concord <br />Mills" which initial phase shall consist of among other things, approximately 1,400,000 square feet <br />of gross leasable area and is generally described on Exhibit 2 attached hereto (hereinafter "Concord <br />Mills" or the "Project"); and <br /> <br /> WHEREAS, over an extended period of time, Mills has discussed various proposals with <br />the City and the County which provide for certain economic incentives to Mills to induce it to <br /> <br /> <br />