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Contract 9 <br />Date Approved by BOC 12/16/91 <br /> <br />NORTH CAROLINA <br /> <br />CABARRUS COUNTY <br /> <br />SETTLEMENT AGREEMENT <br /> <br /> THIS SETTLEMENT AGREEMENT (hereinafter referred to as the <br />"Agreement"), made and entered into as of the latter of the dates <br />of governing board approvals set forth hereinafter, by and <br />between the CITY OF CONCORD, a municipal corporation (hereinafter <br />referred to as "Concord"); and CABARRUS COUNTY, a political <br />subdivision of the State of North Carolina (hereinafter referred <br />to as "Cabarrus County"); <br /> <br /> W I T N E S S E T H: that -- <br /> <br /> WHEREAS, certain disputes and differences have arisen <br />between Concord and Cabarrus County, with regard to two (2) <br />agreements, the first entitled "Agreement Relative to the <br />Construction, Operation and Maintenance of an Airport," dated <br />November 30, 1990, by and between Cabarrus County and Concord <br />(hereinafter referred to as the "Airport Contract"), and the <br />second entitled "Agreement to Construct and Maintain Water and <br />Sewer Lines to that Area of Cabarrus County Commonly Known as <br />'Kings Grant',," dated November 30, 1990, by and between Cabarrus <br />County and Concord (hereinafter referred to as the "Water and <br />Sewer Contract"); and <br /> <br /> <br />