AG 1996 09 16 - Laserfiche WebLink

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156 DRAFT property involved in Facility (less the assessed value of the Property as of the date the acquisition thereof of Bell/Sysco) shall determine the amount of the investment "level" for the Program. Bell/Sysco agrees to send to the City Manager and the County Manager, at the time it makes its annual property tax payments, each of the following: a summary report confirming that the current employment levels of Bell/Sysco at the Facility are at least equal to the number of employees set forth on Exhibit A; the average salary of the employees of Bell/Sysco at the Facility; and a copy of the property tax payment and any accompanying correspondence. The City and the County agree that the Grant payments to be made to Bell/Sysco will be made within twenty (20) days after the payment of all property taxes due to the City and the County and the delivery of the other items referred to in the preceeding (sic) sentence. SECTION 2. Access Road. The County and the City shall cause to be constructed, at no cost to Bell/Sysco, a hammerhead dead end access road (the "Access Road") of approximately 1,460 feet in length, as depicted and described in the attached Exhibit D. The Access Road shall be commenced on or before October 1, 1996, and shall be completed and dedicated to the public no later than March 31, 1997. The County and the City will assure that the Access Road Es built in accordance with the specifications of the State of North Carolina and that the City of Concord will accept the Access Road for public maintenance. The County and the City will also assure that the contractor for the Access Road will be responsible for all maintenance prior to such time as the Access Road is accepted for public maintenance by the City of Concord. Bell/Sysco, the County and the City agree to cooperate in obtaining the right-of-way needed for the Access Road, free and clear of any encumbrance or lien, as well as such additional temporary easements and rights-of-way as are necessary or appropriate for the construction of the Access Road. The County and the City have obtained the commitment of the State of North Carolina to pay for up to $160,000 of the costs involved in the construction of the Access Road. All costs involved in the construction of the Access Road not paid by the State of North Carolina will be shared and paid equally by the City and the County. SECTION 3. Improvements to International Drive. The County and the City shall cause to be constructed, at no cost to Bell/Sysco, the following improvements (the "International Drive Improvements") to the existing International Drive at its intersection with the proposed Access Drive: (a) northbound and southbound acceleration/deceleration lanes sufficient in length for safe acceleration and deceleration of 60-foot long combination tractor/trailer vehicles; and (b) a southbound left turn lane having a minimum design of 50-foot taper with an additional 150-foot turn lane length. The International Drive Improvements shall be completed and dedicated within the same dates specified in Section 2 regarding the Access Road. The County and the City will assure that the International Drive Improvements are built in accordance with the specifications of the State of North Carolina so that the State of North Carolina will accept the International Drive Improvements for public maintenance. The County and the City will also assure that the contractor for the International Drive Improvements will be responsible for all maintenance prior to such time as the International Drive Improvements are accepted for public maintenance by the State of North Carolina. Bell/Sysco, the County and the City agree to cooperate in obtaining such additional right-of-way area, free and clear of any encumbrance or lien, necessary for the International Drive Improvements as well as such temporary easements and rights-of-ways as are necessary or appropriate for the construction of the International Drive Improvements. The County and the City have obtained the commitment of the State of North Carolina to pay for up to $40,000 of the costs involved in the construction of the International Drive Improvements. SECTION 4. Sewer Services. The City acknowledges that public sewer is available on the Property and that the City will, at all times, provide public sanitary sewer facilities and service for a capacity of at least 25,000 gallons per day via an eight (8) inch