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PROPOSAL BY THE CITY OF CONCORD BOARD OF ALDERHEN AND BOARD OF LIGHT AND WATER CO~ISSIONERS OF THE CITY OF CONCORD TO THE CABARRUS COUNTY BOARD OF CO~ISSIONERS For about te~ years, the Concord Board of Aldemen, via the Concord Board of Light and Water Commissioners, has been planning the Coddle Creek Reservoir and Water Filter Plant. This project has progressed to the point where Concord has obtained complete~ engineering plans and specifications, has acquired some 400 acres of the needed land, has sold bonds to acquire the balance of'the land, is exploring financing procedures for project development and is ready to proceed. The purpose of the Coddle Creek Project has always been to insure - the citizens 6f Concord and other customers of the Board of Light and Water Co~issioners a good, potable source of water. The action of the County Coneissioners have caused us to pause and reflect on our responsibilities as officials of the City of Concord to meet our citizens' water needs. Our first responsibility is to our residents and every action we take should and will be for their benefit. - Currently, we have a contract with the Cabarrus County Con~nissioners to supply them 1,000,ODD gallons of water per day for five (5) years at mutually agreed upon locations. This contract expires in three (3) " years more or less. We have never threatened to refuse to sell water to Cabarrus County. We will be pleased to renegotiate a ne~ contract. We propose that an agreement be reached between the County and the City to include the following items: 1. Cabarrus County shall agree to reimburse the Concord Board of Light and Water Conunissioners for fifty percent (50%) of all expenses to date incurred on the Coddle Creek Project. This shall include such items as engineering costs, surveyi'ng, feasibility studies, etc.