BC 1990 11 30 - Laserfiche WebLink

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602 allows some incentive and also some .... some...what's another good word .... puts us on a time frame and would encourage them to develop that maybe as quickly as possible. MOSS: Also has ...it also has a deadline for the year 2000 that if the money is not used for sewer or water mains or matched with their $1.5 million that whole $1.5 million comes back to the County. MELVIN: Turn on your mike. LENTZ: Did you hear? MOSS: Did you get that? LENTZ: On the other proposal, the major change is that the payment for the airport property and all the other information, the biggest change is that, that money will be repaid over a period of 5 years rather than 10 years. And Martha, I think you have another change. MELVIN: OK LENTZ: We're not saying this is the accepted right down the line. This is sort of the condition that the proposal is in at this time. MELVIN: Ail right, you will get the contract as it has been amended, you know changed and there will be some new wordage on page 3 at the bottom where it says Deed Book No. 717 and you can check this out when you get your final copy...Cabarrus County Registry, Concord and Cabarrus further recognize and acknowledge, acknowledge and agree that the airport property shall be and is hereby restricted for use solely as a general aviation airport facility as contemplated in the Cabarrus plans and documents, and Cabarrus Plans and Documents should be capitalized with a "C" but not the rest of the word. And written, let's see, what a minute, I skipped a page... LENTZ: And if you would rather not write all that.. You will be given a corrected copy in a few minutes. MELVIN: You are going to get a copy of it .. Just telling you a few preliminary things. OK, on the price, Jim has already mentioned that there will be No. b, the sum of $630,000 and thereafter each year until January 1, 1995, that will be changed in your ..... also there will be a new paragraph regarding No. 6. On page 7, there will be 5 equal installments commencing January 1 .... um...let's see...that year, I think there is an incorrect thing on one year there, 96 instead of 97. There will be a new phrase that says something like in any event the repayment option shall be made null and void by complete payment to Cabarrus of the entire purchase price which would be another incentive to do this in a lesser time. But all those changes will come to you. LENTZ: Susie, I think the authorization with the budget amendment would authorize the procedure to take place on cutting the check. Let's go ahead and get that done at this time. We're waiting on Fletcher. I tell you right now, this time of day, that's terrible. We're going to have to do .... well somebody .... this will be the last time to have to worry about it.. MELVIN: Not supposed to be meeting this time of day. LENTZ: This is not a good time to be sitting right here. MOSS: We voted on the budget amendment, haven't we? LENTZ: We voted on the budget amendment, the only thing now we are waiting for Fletcher to get a final copy of the contracts. MOSS: You want to recess? LENTZ: We could just recess until 4:00 P.M. MOSS: Let's not recess. Let's just take a break until see what Fletcher... SIMMONS: Need to read those contracts.