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Carriage Downs Property Owners' Ar ociaHon, Inc. <br /> <br /> ~ovember 1990 " <br /> <br />Mr. ffenry Waldroup <br />Cabsrrus County <br />P.O. Box ?0? <br />Concort, NC 28025 <br /> <br />Dear Mr. Waltroup: <br /> <br /> As the Board of Directors of the Carriage Downs Property <br />Owners' Association, Inc., (the 'Association') we have reviewed <br />the proposal by the County dated October 25, 1990, to extend <br />county sewade lines to the Carriage Downs subtivision. <br /> <br /> By the proposal, we understand that the maximum contribution <br />the Association would make to this project is $42,600. We also <br />understand that Cabarrus County will contract for, and oversee, <br />the construction of the sewer line anti pump station ant will have <br />the continued maintenance for the of the <br /> responsibility <br /> operation <br />system. <br /> <br /> Also, the current waste treatment plant, pumps, and genera- <br />tors will remain the property of the Association. <br /> <br /> Assuming the above statements are the proper interpretation <br />of the proposal, we hereby approve proceeding on adding the sub- <br />division of Carriage Downs to the county sewage system ant com- <br />mitting to reimburse the county the specifier amount over a period <br />of three at an 8% rate of interest. <br /> years <br /> <br /> fie appreciate the collective effort of everyone involvet in <br /> ~arsha R. Shambo <br /> <br /> <br />