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STATE OF NORTH CAROLI'NA " <br /> <br />COUNTY OF CABARRUS <br />'AGREEMENT <br /> <br /> THIS AdREEMENT, entered 'into this ~ day of <br /> .~~ 1975, by and THE BOARD OF LIGHT <br /> among <br /> <br />AND WATER COMMISSIONERS OF THE CITY OF CoNcORD, Concord, <br />State of North Carolina (the "Board"), party of the first <br />part; the COUNTY OF CABARRUS, State of North Carolina <br /> <br /> (the "County"), party of the second part; and CANNON MILLS <br /> <br />C~)MPANY, a North Carolina corporation, hav.ing, its principal <br /> : ' .-~: .; .-' ':-.: . <br /> <br />office in Cabarrus County, North Carolina ("Cannon Mills"), <br /> <br />party of the third part; <br /> WITNESSETH : <br /> <br /> WHEREAS, the parties hereto have agreed to enter <br /> <br />into a project for 'the constructi6n and operation of a new <br />wastewater treatment fac'ility as a part of the Facilities Plan, <br />Concord-Cabarrus Regional Wastewater Treatment and Collection <br />System, formerly known as the Master Plan for Wastewater <br />Treatment and Collection in the Regional-~letropolitan Area <br /> <br />of Cabarrus County, North Carolina, (the "Plan"), which <br /> <br />project is intended to provide for: <br />PART I <br /> <br /> The construction of a wastewater treatment plant <br /> <br />in the northwest intersection Co~d Water Creek and Rocky <br /> <br />River (the "Plant"); <br /> <br /> PART I I <br /> <br /> The operation of the Plant by the Board as con- <br /> <br />tracting agent for services to the City of Concord, Cannon <br />Mills, Cabarrus County, the Town of Mount Pleasant, the <br />Town of Harrisburg, and the various sanitary'districts <br />and other users; and <br /> <br /> PART III <br /> <br /> The financing of the construction .of the Plant <br /> <br />whereby the construction costs of the Plant, except, the costs <br /> <br /> <br />