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extent that the value of such cash and 'accounts are sufficient, <br />the Portion of cash and accounts which is equal to the tax <br />revenue for a single year for the unincorporated sections of the <br />Pitts VFD fire district which are north of Interstate 85 shall be <br />contributed to another V~ or appropriate fire protection <br />Service~ provided such other VFD or fire protection service shall <br />contract with the Count~ to provide fire protection service in <br />the unincorporated sections of the Pitts VFD fire district which <br />are north of Interstate 85. ny remaining value of cash and <br />accounts shall be contributed to Concord md the Co~ty jointly <br />for the construction of the dormitory facility contemplated in <br />this Agreement. <br /> <br /> 11. Upon execution of this Agreement by the parties herein, <br />the cowry and Pitts VFD shall promptly cease to levy a fire <br />district tax on the area of the Pitts VFD fire district. Those <br />portions of the present Pitts VPD fire district which ere in <br />~incorporated areas north of Interstate 85 may be subject to a <br />future fire district tax at such time as those areas become a <br />part of another VFD fire district. <br /> <br /> 12. The City of Concord will assume the outstanding debt of <br />Pitts V~. <br /> <br /> We would hope that your ~ard would be in a position to <br />~dorse the general outline of this proposal during your meeting <br />on May 6, 1991. I realize this is short notice, but we need to <br />have enough time prior to the adoption of the new budget to be <br />~le to complete the specific terms of an agreement this month if <br />poss~le. <br /> <br /> Thank you for your help md supp~in this matter. <br /> <br /> <br />