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2. Cabarrus C~unty shall agree to deed all current properties <br /> · and any aha all future properties acqutred by the County wtthtn <br /> the Coddle'Creek Project parameters to the Concord Board of <br /> Ltght and Water Con~tsstoners tn fee stmple for=. The Concord <br /> Board of Ltght and Water Co~mSsstoners shall reimburse Cabarrus <br /> County on a 50~ basts for all such properttes..so deeded. <br /> <br />3. Cabarrus County shall agree to share on a 50~ basis wSth the <br /> <br /> Concord Board of L~ght and Water Commissioners all expenses <br /> <br /> to be ~ncurr~d for the development of the Coddle Creek Reservoir <br /> and the Coddle Creek Treatment Plant when developed. Cabarrus <br /> County. shall also agree to share on a 50~ bas~s with the Concord <br /> Board of Light and Water Corn~ss~oners all operation and maintenance <br /> costs of the Coddle Creek Project. <br /> <br />4. Cabarrus County and the Concord 8oard of Light and Water Con~tss~oners <br /> shall share tn the ownership of all the Coddle Creek Project <br /> facilities on a 50~ basis. As such, Cabarrus County shall <br /> <br /> be entitled to 50~ of the available water provided by the reservoir. <br /> <br />5. The Board of Light and-Water Con~niss~on shall have the responsibility <br /> of treating all water from the Coddle Creek Reservoir until <br /> such time as the Coddle Creek Treatment Plant is constructed. <br /> Meanwhile, the Board ~ill agree to supply the County wtth treated <br /> water ~n accordance with a new contract negotiated between <br /> the parties. ~t is recognized that at th~s time the Board' <br /> of L~ght and Water Con~nissioners has the only facilities for <br /> treating water. <br /> <br />6. Cabarrus County shall agree to an operations and maintenance <br /> contract w~th the City (such as has already been proposed) <br /> to pertain to all current and future County ~ater and sewer <br /> facilities. <br /> <br />7. Cabarrus County shall adhere to all current and future City <br /> specifications and regulations ~n the construction and installation <br /> of water and sewer facilities. <br /> <br /> <br />