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C () <br />CONTRACT FOR ECONOMIC DEVELOPMENT SERVICES <br />A <br />This CONTRACT made and entered into this the _ day of 2014, <br />by and between the County of Lee, one of the 100 counties of the State of North Carolina and a body <br />politic and corporate,, hereinafter referred to as COUNTY, and the Sanford -Lee County Partnership for <br />Prosperity, a non-profit corporation organized and existing under the laws of the State of North <br />Carolina, hereinafter referred to as SLCPP. <br />WITNESSETH <br />WHEREAS, Chapter 158 of the North Carolina General Statutes authorizes counties to engage in <br />economic development activities;. and, <br />WHEREAS,. North Carolina General Statute §153A-449 authorizes counties to contract with and <br />appropriate money to a corporation to carry out any public purpose that a county is authorized by law <br />to perform; and, <br />WHEREAS, it Is the desire of the Lee County Board of Commissioners that the County should <br />engage In economic development activities and that the SLCPP should be employed to undertake such <br />activities ori behalf of the County; and, <br />WHEREAS, SLCPP, by action of its Steering Committee, has indicated its willingness to perform <br />such activities on behalf of the County, and, <br />WHEREAS, both parties desire a written memorandum of their agreement. <br />NOW, THEREFORE, in consideration of the premises, the sums to be paid; and the mutual <br />promises herein set out, the parties have mutually agreed as follows: <br />1. County hereby engages SLCPP to carry out a program of economic development in keeping with <br />the authority granted to it by Chapter 158 of the North Carolina General Statutes and SLCPP <br />accepts such engagement and promises to perform and carry out such a program. <br />2. County agrees to make an annual budgetary appropriation to pay for the services provided by <br />SLCPP to include the recruitment of new industry, business retention and expansion, mar -seting <br />of Lee County and business/industrial sites and other activities which are considered typical for <br />an economic development agency to provide to a County: <br />3. In consideration for making the annual budgetary appropriation, the County will appoint 3 <br />Members to the SLCPP Board of Directors at their sole discretion and consistent with County <br />Policy on Board Appointments. <br />4. Lee County and the SLCPP agree to participate and plan a quarterly update meeting that will <br />include the City of Sanford and the Town of Broadway. At this meeting, the SLCPP will deliver a <br />report to all three boards detailing the activities of the SLCPP. in addition, on an annual basis <br />