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AG 2007 06 18
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AG 2007 06 18
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Last modified
9/26/2007 2:40:23 PM
Creation date
11/27/2017 11:30:53 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/26/2007
Board
Board of Commissioners
Meeting Type
Regular
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3.2 Tzansfer of Pxoject. Developer shall be entitled to transfer any portion <br />of this Project subject to the terms of this Consent Agreement upon written <br />notice to and the prior written consent of the County, which consent shall not <br />be unreasonably withheld. However, such consent may take into account the <br />solvency of the proposed assignee and the assignee's perceived ability and <br />willingness to comply with all terms and conditions of this Consent Agreement, <br />including without limitation, the timely payment of any fees owed the County <br />hexeunder, In the event of any such tiansfes, the tsansferee shall be deemed <br />to be the Developer for all purposes under this Consent Agreement with respect <br />to that portion of the Project transferred. <br />3.3 Release of Developer. In the event the CounCy approves a transfer of all <br />ox a the remaining portion of the obligations to the County pursuant to the <br />Project, the Developer shall obtain a written assumption by the transferee, <br />satisfactory to the County, of the Dewelopei's obligations under this <br />Agreement, and, such evidence of financial ability to assume such obligations <br />as may be reasonably requested by the County with regard to payment of any fees <br />or other obligations owed to the County pursuant to this Aqreement. In such an <br />event, the transferee shall be fully substituted as the Developer under this <br />Agreement and the Developer executing this Agreement shall be released from any <br />further obligations to the County with respect to this Consent Agreement. <br />9. Ganeral Tarme~and Conditione. <br />4.1 Aareements to Run with the Land. This Agreement shall be recortled <br />aqainst the PxopeYty as described in this Consent Agreement. The agreements <br />contained herein shall be deemed to be a lien upon~ binding upon and run with <br />the land and shall be binding upon and an obligation of all successors in the <br />ownership of the Property. <br />4.2 Construction of Aqreement. This Agreement shall be deemed to be <br />negotiated between all affected parties and shall not be more strictly <br />construed aqainst any one party, but rather 6e construed so as to fairly <br />effectuate the public purpose of settlement of disputes that may arise <br />hereunder. <br />9.3 Laws of Gen~ral Applicability. Where this Agreement refers to laws of <br />geneeal applicability to the eroject and other properties, this Agreement shall <br />be deemed to refer to other developed and subdivided pTOperties in Cabarrus <br />County. <br />9.4 Duration. The term of this Agreement shall commence on and become <br />effective the date of final subdivision approval and final site plan approval <br />from the City of Concord. The Term of this Agreement shall extend for a period <br />of two years followin9 the effective da[e unless the Agxeement is eaxlier <br />terminated, or its term modified. The term of this Agreement shall <br />automatically be extended for a period of two years following the filing of <br />each record plat for a portion of the project, in accordance with The City of <br />Concord Onified Development Ordinance and any applicable Ca6arrus County <br />zegulations. . <br />9.5 Mutual Releases. At the time of, and subject to: (i) the expira[ion of <br />any applicable appeal period with respect to the approval of this Agreement <br />without an appeal having been filed; or (ii) the final determination of any <br />court upholding this Agreement, whichever occurs later~ and excepting the <br />parties' respective rights and obligations under this Agreement; Developer, on <br />behalf of itself and Developex's paxtners officers, ditectors, employees, <br />agents, attorneys and consultants, hereby release Cabarrus County and Cabarrus <br />County board members, officials, employees, agents, attorneys and consultants, <br />from and against any and all claims, demands, liabilities, costs, expenses of <br />whatever nature, whether known or unknown, and whether liquidated or <br />contingent, arising on or before the date of this Agreement in connection with <br />the application, processing or approval of The Mills at Rocky River Project. <br />9.6 State and Federal Law. The parties agree, intend and understand that the <br />obligations imposed by this Agreement are only such as are consistent with <br />state and fedexal law, The parties further agree that if any provision of this <br />Agceement becomes,.in its pexformance, inconsistent with sCate or federal law <br />or is declared invalid, this Agreement shall be deemed amended to the extent <br />necessary to make it consistent with state or federal law, as the case may be, <br />and the balance of the Agreement shall remain in full force and effect. <br />9.7 Enforcement. The parties to this Agreement recognize that, in addition <br />to other remedies that may be available, Cabarrus County has the right to <br />G-q <br />
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