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NORTH CAROLINA <br /> <br />CAB~&~RUS COUNTY <br /> <br />AGREEMENT <br /> <br /> THIS AGREEMENT, made and entered into as of the 1st day of <br />July, 1994, by and between CABARRUS COUNTY, a body politic and <br />subdivision of the State of North Carolina (hereinafter referred to <br />as the "COUNTY") ; and THE GREATER CABARRUS COUNTY ECONOMIC <br />DEVELOPMENT CORPORATION, a non-profit corporation organized and <br />existing under the laws of the State of North Carolina (hereinafter <br />referred to as the "EDC"); <br /> <br /> W I T N E S S E T H: that -- <br /> <br /> WHEREAS, COUNTY is authorized and empowered by the provisions <br />of Section 158-7.1(a) and Article 2 of Chapter 158 of the North <br />Carolina General Statutes to make appropriations for the purposes <br />of aiding and encouraging the location of manufacturing <br />enterprises, making industrial surveys and locating industrial and <br />commercial plants in the COUNTY and otherwise to carry out a <br />program of economic development; and <br /> <br /> WHEREAS, the F. DC is a non-profit corporation organized and <br />empowered to promote economic development and expansion and new and <br />improved employment opportunities beneficial to the citizens of <br />Cabarrus County through programs and efforts to foster industrial <br />and business growth; and <br /> <br /> WHEREAS, the Board of Commissioners of Cabarrus County <br />recognizes the necessity of industrial growth and diversification <br />to the continued economic health and vitality within Cabarrus <br />County and its benefits to the citizens of Cabarrus County; and <br /> <br /> <br />