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NORTH CAROLIN~ <br /> <br />CABARRU8 COUNTY <br /> <br />OF INTBNT FOR THR <br /> PROPERTY X~TB~BSTS <br /> <br />DRXFT <br />3 ~ O0 P.M. <br /> <br /> TNZS XGREEMENT OF INTENT (hereinafter referred to as the <br />"Agreement"), made and entered into as of the lat~er of the dates <br />of approval of the governing boards get forth herein, by and <br />between OABAR~UB COUNTY, a body politic and political subdivision <br />of the State of North Carolina (hereinafter referred to as <br />"County"), and the W~TERANDBEWER~UTHORZTY OF C~J~/tRRUB 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 B T HI that -- <br /> <br /> WHEREAS, the County is required to comply with wetlands <br />mitigation mandates from the State and Federal governments <br />regarding the con~truct£on of the Coddle Creek Reservoir; and <br /> <br /> W~EREAS, when the ~nvironmental Protection Agency approves <br />transfer of the origlnal 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 "I~R~rWTP") to the WSACC; and <br /> <br /> WHEREAS, a port,on of the I~/~RWWTP is located in the Irish <br />Buffalo Creek flood plain and cannot be used for Plant expan~ion, <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 o~ space available in the County's <br /> <br /> <br />