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AG 2018 08 20
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AG 2018 08 20
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Last modified
5/8/2019 6:44:24 PM
Creation date
5/2/2019 9:52:36 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/20/2018
Board
Board of Commissioners
Meeting Type
Regular
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responsible for obtaining or paying any State or Town incentives to Applicant, except as <br />otherwise provided by law. <br />3. Validity of Incentives. As stated in the Program, no change in the <br />Program after the date of this Agreement shall apply to the provisions of this Agreement <br />or to the New Investment (as it may be expanded or modified) unless otherwise agreed to <br />in writing by the County and Applicant, hr the event one or more lawsuits or other <br />proceedings are brought against the County or any County elected official challenging the <br />legality of this Agreement or any provision, the County shall defend against any and all <br />such lawsuits or other proceedings, including appealing any adverse judgment to the <br />highest appellate court of the State of North Carolina. In the event that any of the <br />economic development Grants or other agreements of the County are determined to be <br />invalid, the County agrees that it will, to the extent permitted by law, provide Applicant <br />with incentives of substantially equal value pursuant to one or more replacement <br />economic development grant programs. <br />4. Noncompliance bKApplicant. Applicant acknowledges that at any <br />time during the period that any Grant is paid or is to be paid to Applicant by County, if <br />Applicant has (a) failed or fails to make or maintain this New Investment, (b) failed or <br />fails to provide thejobs represented to the EDC; or (c) fails to comply with State law, any <br />provision of this Agreement, any other grant agreement with the Town or County or any <br />provision of the Program applicable to this Agreement, then Applicant shall be in default <br />of this Agreement, hr any such event, the County may at its option terminate this <br />Agreement and no further Grants shall be paid to Applicant and any Grants paid to <br />Applicant shall be immediately repaid to the County. <br />5. Miscellaneous. <br />a) Applicant acknowledges and understands that all the applicable provisions <br />of the Program are considered enforceable parts of this Agreement and that it must <br />comply with all such provisions in order to be eligible for and remain eligible for the <br />Grants. <br />b) This Agreement and the Grants provided by it may not be assigned by <br />Applicant without the prior written consent of County. <br />C) Notices. All notices, certificates or other communications required by or <br />made pursuant to this Agreement shall be sufficiently given and shall be deemed given <br />when delivered or mailed by registered or certified mail, postage prepaid or sent by <br />facsimile (confirmed by the party providing notice) as follows: <br />The County: Michael K. Downs <br />County Manager <br />Cabarrus County <br />65 Church Street, SE <br />Post Office Box 707 <br />Attachment number 1 \n <br />G-2 Page 169 <br />
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