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NORTH CAROLINA <br /> AGREEMENT <br /> CABARRUS COUNTY <br /> <br /> THIS AGREEMENT made and entered into as of the 1st day of 3uly 1986 <br />by and between CABARRUS COt~/TY, a corporate body politic~ and subdivision of the <br />State of North Carolinaj party of the first part, (hereinafter referred to as County); <br />and THE GREATER CABARRUS COI~ITY ECONOMIC DEVELOPMENT <br />CORPORATION, a non-profit corporation organized and existing under the laws of the <br />State of North Carolina~ party of the second part~ (hereinafter referred to as <br />Economic Development Corporation); <br /> <br /> WlTNESSETH:- <br /> <br /> THAT ~HEREAS~ County is authorized and empowered by the provisions <br />of Section l§8-?.l(a) and Article 2 of Chapter 138 of the North Carolina General <br />STatutes to make appropriations for the purposes of aiding and encouraging the <br />location of manufacturing enterprises~ making industrial surveys and locating industrial <br />and commercial plants in.the County and otherwise to carry out a program of <br />economic development; and <br /> <br /> ~HEREAS, The Greater Cabarrus County Economic Development <br />Corporation is a non-profit corporation organized and empowered to promote economic <br />development and expansion and new and improved employment opportunities beneficial <br />to the citizens of Cabarrus County through programs and efforts to foster industrial <br />and business growth; and <br /> <br /> ~HEREA5~ the Board of Co~missioners of Cabarrus County recognizes <br />the necessity of industrial growth and diversification to the continued economic health <br />and vitality within Cabarrus Count)' and its benefits to the citizens of Cabarrus <br />County; and <br /> <br />~'HEREAS~ Cabarrus County has agreed to participate in the funding of <br />the economic development programs o! the Economic Development Corporation and the <br /> <br /> <br />