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~illion Nine ~undred Eighty-Three Thousand Nine Hundred <br />Ninety-Four and 32/100 Dollars ($10,983,994.32) and upon which <br />an outstanding principal debt of Four Million Seven ~undred <br />Seventy-One Thousand Five Hundred and No/lO0 Dollars <br />($4,771,500.00) exists as of December 1, 1991 which debt shall <br />remain the debt of the DistrAct; PROVIDED THAT: <br /> <br /> (a) Concord shall assume all e~nses associated with <br />the operation and maintenance of the Water Lines, excluding <br />debt service, and, to the extent permitted by law, shall <br />indemnify and save Cabarrus County from any liability <br />associated with such operation and maintenance, including, but <br />not limited to, any costs associated with environmental <br />compliance and/or liability for the Water Lines; and <br /> <br /> (b) The approval of all required state and federal <br />regulatory authorities, and all permits or other documents <br />required by law shall have been obtained, to the extent then <br />available, and, if necessary, the approval of the owner of the <br />general obligation bonds secured in part by the Water'Lines <br />shall have been obtained. <br /> <br /> IN WITNESS WHEREOF, Concord has executed this Amendment this ~q~ <br />day of December, 1991 and Cabarru~ County has executed this Agreement <br />this day of , 199__. <br /> <br />ATTEST: <br /> <br />Vickie C. Weant, City Clerk <br /> <br />Approved as to Form <br /> <br />~ City Attorney/ <br /> <br />CITY OF CONCORD <br />a Municipal Corporation <br /> <br /> ~ernie A. Edwards, Mayor <br /> <br />This instrumen= has been pre- <br />audited in the manner required by <br />the Local Government Budget and <br />F'~ntrol Act. <br /> %~/Fina~¢~ Director <br /> <br /> <br />