2004 NS ERCD - Fairview Master Plan Memorandum of Agreement

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Drab f~12~1~~ STATE OF NORTH CAROLINA COUNTY OF ORANGE MEMORANDUM OF AGREEMENT TOWN OF HILLSBOROUGH COUNTY OF ORANGE REGARDING PLANNING FOR FAIRVIEW PARK, COUNTY PARKS OPERATIONS BASE AND TOWN AND COUNTY PUBLIC WORKS FACILITIES ~'~IS ~R~EMBI~~`~ made and enfered into between the Fawn of Hillsborough, forth Carolina, a North Carolina municipal corporation, l0I fast ~~r~ne Street, Hillsborough, forth Carolina 2'275 ~here~nafter referred to as the "Town"}, and grange bounty, a body politre and carparate, a Political subdivision of the State of North Carolina, 200 South amerazx Street, Hillsborough, North Carolina 27275 ~hereinafler referred to as the "bounty"~, for the faint development of a Park and public facility campus. w~~'NSSE~TH wHBRBA, the parties to this agreement are public bodies, polltlc and corporate, under the laws ofthe State ofNorth Carolina; and -I~R~A, the parties are vested ~tth the power and a~~thorit~ to are and irr~p~~ove real estate for recreational and other public purposes; anal wHERE1~, the ~`airview area of ~Iiltsborough has a designated park site thereafter "the ~aix-view parr site"} that was established as part of the Ommunity Revitalization effo~~t funded through arnunity Development block grants in the ~ ~S~s, anal identified in bath the bounty and Town on~prehensi~e Plans; and wH~RA, limited facilities have been constructed at the Fairview park site, including a playground and playing field; and wH~R~A, the 2001 Parr and open Space Bond for grange Jaunty included $~D,0~0 for planning and construction of ~h.e ~'aiie~v park site; and w~ER~A, the Town and bounty bath own propez~ty ~nclud~ng and 1n the immediate v~c~n~ty of the Pairv~e~v park s1te, including the grange bounty public works facility, totaling 2 acres; and wHER~,AS, the Town and bounty recognize the utuai benefit and interest of the parties hereto, and to the public generally, ~n the construction of park and corrzun~ty fac~lrtles an the