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NORTH C~ROLIN~ <br /> <br />C~B~RRU~ COUNTY <br /> <br /> AGREEHEI~ OF INTENT FOR T~E <br />EECNJ%NGE OF PROPERTY INTERESTS <br /> <br /> THIS ~GREEMENT OF INTENT (hereinafter referred to as the <br />"Agreement"), made and entered into as of the latter of the dates <br />of approval of the governing boards set forth herein, by and <br />between CABARRUS COUNTY, a body politic and political subdivision <br />of the State of North Carolina (hereinafter referred to as <br />"County"), and the NATER~NDS~wmK~UTHORITY OF CAB/~RRUS COUNTY, a <br />public corporation of the State of North Carolina (hereinafter <br />referred to as the "WSACC"); <br /> <br /> W I T N E S S E T H= that -- <br /> <br /> WHEREAS, the County is required to comply with wetlands <br />mitigation mandates from the State and Federal governments <br />regarding the construction of the Coddle Creek Reservoir; and <br /> <br /> WHEREAS, when the Environmental Protection Agency approves <br />transfer of the original grants, under the terms of an agreement <br />between the County and the City of Concord, Concord will transfer <br />all property at the Rocky River Regional Wastewater Treatment Plant <br />(the "RRRW~TP") to the WSACC; and <br /> <br /> WHEREAS, a portion of the RRRWWTP is located in the Irish <br />Buffalo Creek flood plain and cannot be used for Plant expansion, <br />but is suitable for wetlands mitigation; and <br /> <br /> WHEREAS, the WSACC requires additional office space, and the <br />County has a limited amount of space available in the County's <br />Utilities Building located at 2326 Davidson Highway (Highway 73 <br />West) (the "Utilities Building"); and <br /> <br /> <br />