|
262
<br />
<br />its share of the 2000 Incentive Payments; and (d) Fieldcrest is owed
<br />$16,420.27 by Concord for its share of the 1999 Incentive Payments and
<br />
<br />$40,115.00 for its share of the 2000 Incentive Payments.
<br /> 4. Within ten days after the entry of this Order, Fieldcrest shall pay
<br />(a) $1,367,225.49 to Cabarrus, (b) $901,252.06 to Kannapolis and (c)
<br />$77,376.66 to Concord, as a cure of all defaults as of the date hereof under
<br />the Tax Incentive Agreement (collectively, the "Cure Payments"). On the same
<br />day that Fieldcrest makes the Cure Payments, (a) Cabarrus shall pay
<br />$800,976.45 to Fieldcrest in respect of the 1999 and 2000 Incentive Payments;
<br />(b) Kannapolis shall pay $620,484.21 to Fieldcrest in respect of the 1999 and
<br />2000 Incentive Payments; and (c) Concord shall pay $56,535.27 to Fieldcrest
<br />in respect of the 1999 and 2000 Incentive Payments.
<br /> 5. This Stipulation and Agreed Order shall not be modified, altered,
<br />amended or vacated without the prior written consent of all parties hereto.
<br /> 6. This Stipulation constitutes the entire agreement between the parties
<br />with respect to the matters addressed herein and may be signed in counterpart
<br />originals.
<br />
<br />William H. Sudell, Jr. (No. 463)
<br />Eric D. Schwartz (No. 3134)
<br />Donna L. Harris (No. 3740)
<br />Michael G. 'Wilson (No. 4022)
<br />MORRIS, NICHOLS, ARSHT & TUNNELL
<br />1201 North Market Street
<br />P.O. Box 1347
<br />Wilmington, Delaware 19899-1347
<br />(302) 658-9200
<br /> -and-
<br />
<br />David G. Heiman (OH 0038271)
<br />JONES, DAY, REAVIS & POGUE
<br />North Point
<br />901 Lakeside Avenue
<br />Cleveland, Ohio 44114
<br />(216) 586-3939
<br />
<br />Gregory M. Gordon (TX 08435300)
<br />Daniel P. Winikka (TX 00794873)
<br />JONES, DAY, REAVIS & POGUE
<br />2727 N. Harwood Street
<br />Dallas, Texas 75201-1515
<br />(214) 220-3939
<br />
<br />ATTORNEYS FOR THE DEBTORS
<br />AND DEBTORS IN POSSESSION
<br />
<br />Kevin Gross (No. 209)
<br />ROSENTHAL, MONHAIT, GROSS &
<br />GODDESS, PA
<br />Suite 1401, Mellon Bank Center
<br />P. O. Box 1070
<br />Wilmington, Delaware 19899-1070
<br />(302) 656-4433
<br />
<br /> -and-
<br />Kiah T. Ford IV
<br />PARKER, POE, ADAMS & BERNSTEIN
<br />L.L.P.
<br />Three Wachovia Center
<br />401 South Tryon Street, Suite 3000.
<br />Charlotte, North Carolina 28202
<br />(704) 372-9000
<br />
<br />ATTORNEYS FOR THE CITY OF
<br />KANNAPOLIS, NORTH CAROLINA
<br />
<br />Fletcher L. Hartsell, Jr.
<br />Hartsell, Hartsell & White, PA
<br />77 McCachern Boulevard SE
<br />Concord, NC 28025
<br />(704) 786-5165
<br />
<br />SO ORDERED THIS
<br />
<br />DAY OF
<br />
<br />,2002.
<br />
<br />ATTORNEY FOR CABARRUS
<br />COUNTY, NORTH CAROLINA and
<br />CITY OF CONCORD, NORTH CAROLINA
<br />
<br />CHIEF UNITED STATES DISTRICT JUDGE
<br />
<br />Cabarrus County Tax Administration
<br />Calculations for Stipulation
<br />Prepared 01/11/2002
<br />
<br />2000 Taxes
<br /> Tax Due
<br /> Interest Due
<br /> Advertising Fees Due
<br /> Supplies Discovery-July, 2000
<br /> Tax
<br /> Penalty
<br /> ~nterest (only amount on penalty)
<br />Total Due Prior to Recent Discovery
<br />
<br />2000 Computer/Software Discovery
<br /> Tax
<br /> Penalty
<br />2001 Computer/Software Discovery
<br /> Tax
<br /> 'Penalty
<br /> Total Due
<br />
<br />Grants:
<br /> 1999
<br /> 2000
<br /> * 2000 -Computer/Software Discovery
<br /> * 2001 -Computer/Software Discovery
<br /> Total Grants
<br />
<br />$1,452,616.00
<br /> 165,777.21
<br /> 51.00
<br />
<br />54,449.55
<br /> 5,444.96
<br /> 598.95
<br />
<br />381,324.27
<br /> 76,264.85
<br />
<br />190,297.65
<br />19,029.77
<br />
<br />417,787.00
<br />509,661.00
<br />308,306.33
<br />242,240.69
<br />
<br />$1,678,937.67
<br />
<br />457,589.12
<br />
<br />209,327.42
<br />
<br />$2,345,854.21
<br />
<br />1,477,995.03
<br />
<br />
<br />
|