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C. Each party agrees that any duly authorized representative of the Applicant, DOC, the United States
Department of Housing and Urban Development, and the Comptroller General of the United States shall,
at all reasonable times, have access to and the right to inspect, copy, audit, and examine all of the books,
records, and other documents relating to the grant and the fulfillment of the Agreement for a period of
three (3) years following the completion of all close-out procedures respecting the CDBG funds, and the
final settlement and conclusion of all issues arising out of the CDBG funds.
D. Not withstanding anything herein to the contrary, the parties hereto acknowledge the due execution of
the CDBG Grant Agreement between the Applicant and DOC and agree that any conflict between the
provisions, requirements, duties, or obligations of this Agreement and the CDBG Grant Agreement shall
be resolved in favor of the CDBG Grant Agreement.
11. ENFORCEMENT
A. If at the end of the approved project period the Corporation has failed to create the full number of job
positions and low to moderate -income job positions presented in Agreed Actions Section I of this
Agreement, or to incur the full level of private investment committed to in its grant application, as
provided above, then the Corporation will pay to the Applicant an amount calculated in the manner set out
in Section I -A of this Agreement.
B. This Agreement constitutes a legally enforceable contract and shall be governed and construed in
accordance with the laws of the State of North Carolina.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed under Seal as of
the date first above written.
Pratt Industries Public Facilities Project
Sources of Funds:
#3
#4
B&F/Troutman
Joe Clodfelter
10/17/06
Central
Original
New Aoolication
Community Development Block Grant
576,846
680,000
NC Dept. of Transportation Rail Access Grant
124,000
124,000
Rural Development Center Economic Infrastructure Program
47,500
47,500
Iredell County Economic Incentive
144.782
23,12H
180.000
$1.031.504
Uses of Funds:
Wayne Mayberry
Mary Summers
Waterline construction (including engineering)
58,000
47,200
Sewer service construction (including engineering)
30,000
40,800
Rail Construction (including engineering)
764,128
902,500
Planning & Environmental Assessment
11,500
11,500
Administration
29 500
29.500
Wayside
89$1,031,500,
Dick Oldfield
13. Request for Approval of the October 3, 2006 Minutes
14. Request for Approval of the 2006 Firemen's Relief Fund Trustees: Deputy County
Manager Blumenstein said G.S. 58-84-30 required the submittal of firemen's fund trustees each
year, and the deadline to submit the forms to the Department of Insurance was October 31. She
said the individual fire departments had completed the forms and recommended the following
trustees as the individuals to be appointed by the board of commissioners.
VFD
#3
#4
B&F/Troutman
Joe Clodfelter
Wesley W. Edmiston
Central
Russell Ray
Jim Reavis
Cool Springs
Kenneth C. Secrest
Wade T. Campbell
Ebenezer
Wayne Smith
Harry Frye
Harmony
Matt Baldwin
Timothy Frye
Lake Norman
Howard Neel
Lamont Thompson
Monticello
Wayne Mayberry
Mary Summers
Mt. Mourne
Gary Craven
Chris Goodrum
Shepherds
Ryan Stutts
Tim Conley
South Iredell
Brian Weatherman
Jerry Starr
Trinity
Julia Forehand
Kent Moore
Union Grove
Alley P. Brown
Arthur Grant
Wayside
Anthony Armstrong
Dick Oldfield
West Iredell
David T. Bennett
John V. Byers