BC 1975 09 04 - Laserfiche WebLink

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of real property and rights of way, will be furnished as follows: (1) By grant of seventy-five percent (75%)' . by the Environmental Protection Agency, an agency of the United States of America; (2) By grant of twelve and one-half percent (12.5%) by the North Carolina'Department of ~atural and Economic Resources; and (3) By a payment Of twelve and one-half percent (12.5%) from local funds to be provided as more fully set out hereinafter; and (4) The costs of real property and rights of way for the Plant will be borne forty-one and sixty-seven percent (41.67%) by the Board, sixteen and sixty-six percent (16.66%) by t_~~y, and forty-one and sixty- seven percent (41.67%) by Cannon Mills; and WHEREAS, .the United states of America (the "United States"), ~cting through' its Environmental Protection Agency (the "EPA"), and the State of North Carolina (the "State") ac%lng through its Department of Natural and Economic Resources, will provide funds to finance seventy-five percent (75%) and. twelve and one-half percent (12.5%), respectively, of the costs of constructing the Plant, upon local funds being made available to fihance the remaining costs of the Plant; and WHEREAS, the Board, the County and Cannon Mills believe the construction and operation of fhe Plant to be in the best interests of the citizens of the City of Concord, the County and the State, and Cannon Mills also believes such to be in its best interests as an employer and in the best interests of its employees; and WHEREAS, the Board, the County, and Cannon Mills will provide the "local" portion of the financing'for the construction of the Plant and all funds necessary for the acquisition of real property and rights of way related to the Plant in the proportion set forth above; and