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82 <br /> <br /> 4. Compensation. The County agrees to pay the Consultant a sum not to <br />exceed ten thousand dollars ($10,000) for all services required herein, which <br />shall include reimbursement for expenses incurred. Consultant agrees to <br />complete the project and all services provided herein for said sum. <br /> 5. Method of Payment. The Consultant shall be entitled to payment in <br />accordance with the provisions of this paragraph. First, the Consultant will <br />be entitled a fixed amount as indicated above. Second, Consultantfs fees are <br />due upon the rendering of a bill upon the completion of an approvable plan. <br />Ail funds received from the plan above the Consultant's fee will accrue solely <br />to the County. <br /> 6. Changes. The County may, from time to time, require changes in the <br />scope of the services of the Consultant to be performed hereunder. Such <br />changes, which are mutually agreed upon by and between the County and the <br />Consultant, shall be incorporated in written amendment to this agreement. <br /> 7. Services and Materials to be Furnished b_~ County. The County shall <br />locally furnish the Consultant with all available necessary information, data, <br />and material pertinent to the execution of this agreement. The County shall <br />cooperate with the Consultant in carrying out the work herein and shall provide <br />adequate staff for liaison with the Consultant and other agencies of County <br />government. <br /> 8. Termination of Agreement for Cause. If, through any cause, the <br />Consultant shall fail to fulfill in timely and proper manner his obligations <br />under this agreement, the County shall thereupon have the right to terminate <br />this agreement by giving written notice to the Consultant of such termination <br />and specifying the effective date thereof, at least five (5) days before the <br />effective date of such termination. <br /> 9. Information and Reports. The Consultant shall, at such time and in <br />such form as the County may require, furnish such periodic reports concerning <br />the status of the project, such statements, certificates, approvals, and copies <br />of proposed and executed plans and claims and other information relative to the <br />project as may be requested by the County. <br /> 10. Notices. Any notices, bills, invoices, or reports required by this <br />agreement shall be sufficient if sent by the parties in the United States mail, <br />postage paid, to the address noted below: <br /> <br />David M. Griffith & Associates <br />1100 Logger Court, Suite D-100 <br />Raleigh, North Carolina 27609 <br /> <br /> IN WITNESS WHEREOF, the County and the Consultant have executed this <br />agreement as of the date first written above. <br /> <br />Cabarrus County, NC <br />By: /s/ James W. Lentz <br />(County Official) <br /> <br />David M. Griffith & Associates <br />By: /s/ Tim McKinnie <br /> Tim McKinnie <br /> Vice President <br /> <br />Commissioner Hamby introduced the following resolution: <br /> <br />RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS COUNTY INDUSTRIAL <br />FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY OF ITS <br />INDUSTRIAL REVENUE BONDS (KINDLEY YARNS, INC. PROJECT), IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $3,500,000 TO FINANCE AN INDUSTRIAL <br />PROJECT FOR KINDLEY YARNS, INC. <br /> <br /> BE IT RESOLVED by the Board of Commissioners for the County of Cabarrus: <br /> <br /> Section 1. The Board of Commissioners has determined and does hereby <br />declare as follows: <br /> <br />(a) The Board of Commissioners of The Cabarrus County Industrial <br />Facilities and Pollution Control Financing Authority (the "Issuer") <br />met on April 17, 1989, and took the following action in connection <br />with the proposed issuance and sale of the IssuerVs Industrial <br /> <br /> <br />