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Mr. James Moore <br />First union National Bank <br />P. O. Drawer 67 <br />Kannapolis, North Carolina <br /> <br />Rs: Kannapolie .village Fire Department Operating <br /> B~d~st Account No. ~763053110903 7288040179 <br /> <br />Dear Mr. Moore: <br /> <br />Fieldcrest Cannon, Inc. and Cabarrus county have discussed the <br />diet~ibution of the Fire Department operating budget, which <br />the above-referenced account, in the wake Of the recent <br />changes in the fire p~otsction in and around Kannapolis. <br />Fieldcrest Cannon and Cabarrua County were the Only con- <br />tributors to the operating budget of the Kannapolis Village ~%. <br />Fire Department. As this Fire Department is no longeri'~ <br />responding to fires outside of Fieldcrest Cannon property, it <br />is appropriate that the funds remaining in the account be <br />returned to those who put money into the budget. <br /> <br />It is my undsrstanding that there is a total of $6,112,34 in <br />this account. Fieldcrest Cannon, Inc. and 'Cabarru~ County <br />have agreed that 55% of the money belongs to Fieldcrest Cannon <br />and 4~% to Cabarrus County. Therefore at this time it is <br />appropriate to dissolve the account and have a check made <br />payable to Fieldcrest Cannon, Inc. in the amount of $3,361.79 <br />and another, check made payable to Cabarrus County in the <br />amount of ~2,750.55. <br /> <br />Please feel free to contact me if you have any questions. <br /> Vary truly yours, <br /> <br /> Pedro P. Cayado for <br /> Fieldcrest Cannon, Inc. <br /> <br /> Charles McGinnis for <br /> county of Cabarrus <br /> <br /> <br />