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WIIEREAS, Cabarr~s County Office of Aging of the Department <br />of Social Services is seeking.to raise approximately $300,000 in addition <br />to fronds already committed by tim State and Cotmty, for the construction <br />of a midti-pnrpose Senior Center to serve Cabarrus CoJ~nty's 16,000 senior <br />citizens; and <br /> <br /> WI.IERI'~AS, Cabarrns CoJJnty Board of Commissioners has requested <br />a grant from The Cannon Foundation, inc., of $100,000; and <br /> <br /> WI1EREAS, The Cannon Fonndation, Inc. believes that the Senior <br />Center will be of great value to Cabarrus County's aging citizens; <br /> <br /> NOW, THEREFORE, BE lq' RESOLVED that The Cannon Foandation, <br />Inc. shall pay to CabarrJ~s County before September 30, 19.~8, $1.00 for every <br />$2.00 contribotcd (either paid or pledged) from Febroary 15, 1988 to Augnst 15, <br />1988 (exchlding $100,001) committed by Caborrus County for ihe year ending <br />June 30, 1988, and $100,000 for the year ending June 30, 1989). In no event <br />sha]! tile cop. tribution be greater than $100,000. This grant slmll be paid from <br />income. <br /> <br /> <br />