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558 their best efforts consistent with normal review schedules and deadlines to facilitate the timely processing of any and all plans, applications and requests made by the Developer in connection with the Project. Development approvals necessary for the Project but not yet obtained include, but are not limited to, the following: 1. By the City: Fire compliance permit (including approval of water mains, hydrants and street access); Zoning compliance permit (including receipt of flow acceptance letter for sewer discharge from the Water and Sewer Authority of Cabarrus County). 2. By the County: Plan review and building code inspection for code compliance. 3. By the State of North Carolina: Structural and building code compliance review by the North Carolina Department of Insurance; Sedimentation and erosion control permit approval (including clearing, grading and site preparation) and utility extension approval, if necessary, by the North Carolina Department of Environment and National (sic) Resources. B. Land Acquisitions. The parties acknowledge that County and City acquisition of Landex property adjacent to the Project Site (approx. 16 acres) (the "Landex Property") acquisition is desirable. The Landex Property is more particularly described in Exhibit B attached hereto and incorporated herein by reference. C. Access Road. Vehicular access to and from the Project shall be by a public roadway, the construction of which has now been completed in accordance with current City specifications for such a roadway (the "Access Road"). D. Fees. Ail fees payable to the City or County or any subdivisions, departments or agencies thereof in connection with the development of the Project, including, but not limited to, fees for plan review, building permits, inspections and impact fees or capital recovery fees, shall not exceed the amount of the regularly scheduled fees and charges in effect as of the date of execution of the BA. E. City Obligations. 1. At no cost to Developer, City has completed the Access Road to the Project. County, Tourism Authority and Developer agree that City shall not be responsible for other/additional infrastructure for the Project, except as agreed upon by City and Developer. 2. Subject to applicable law, City, as lessor, will enter into a ground lease (the "Hotel Ground Lease") with Developer, as lessee, to lease from the City that portion of the Project Site generally described in Schedule II E (the "Hotel Site"). The Hotel Ground Lease shall be for a period of at least forty (40) years upon mutually agreeable terms and conditions negotiated as an element of the BA with details to be provided in "Associated Agreement #1". F. County Obligations. 1. Subject to applicable law, the County as lessee shall enter into a ground lease with the City as lessor (the "Convention Center Ground Lease") to lease that portion of the Project Site generally described in Schedule II F (the "Convention Center Site"). The Convention Center Ground Lease shall be for a period of at least forty (40) years with annual rent, terms and conditions negotiated by City and County with details to be provided in "Associated Agreement # 2". 2. The County shall participate with the City in the acquisition of the Landex Property. County and City shall share equally in the actual costs associated with acquisition of the Landex Property with details to be provided in "Associated Agreement #3" 3. The County shall act as financing agent for the Tourism Authority in the design and construction of the Conference Center and supporting infrastructure. The County shall be reimbursed fully for all its costs associated with the Project through existing and future dedicated revenues generated by 2% of the Tourism Authority's 5% local hotel/motel accommodations tax. It is understood that such revenues will initially be less than required to meet the anticipated debt service (principal and interest) for the Conference Center portion of the Project. The County shall fund the difference between the 2% dedicated hotel/motel tax applied to the debt service. Once revenues generated by the dedicated 2% reach or exceed the annual Conference Center debt service, the excess will be used to reimburse amounts funded in advance by the County. "Associated Agreement # 5" between County and Tourism Authority shall fully detail the fiscal arrangements authorizing the financing and debt service requirements for the Conference Center.