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NORTH CAROLINA TRANSPORTATION IMPROVEMENT PROJECT <br /> RECEIVABLE AGREEMENT— BETTERMENTS <br /> PENDER COUNTY <br /> DATE: 10/15/2019 <br /> NORTH CAROLINA DEPARTMENT OF <br /> TRANSPORTATION <br /> TIP#: R-3300B <br /> AND WBS Elements: 40237.3.3 <br /> PENDER COUNTY <br /> THIS AGREEMENT is made and entered into on the last date executed below, by and between the <br /> North Carolina Department of Transportation, an agency of the State of North Carolina, hereinafter <br /> referred to as the "Department' and Pender County, a local government entity, hereinafter referred to <br /> as the "County". <br /> WITNESSETH: <br /> WHEREAS, the Department has plans to make certain street and highway constructions and <br /> improvements within the County under Project R-3300B, in Pender County; and, <br /> WHEREAS, the Department and the County have agreed that the municipal limits, as of the date of <br /> the awarding of the contract for the construction of the above-mentioned project, are to be used in <br /> determining the duties, responsibilities, rights and legal obligations of the parties hereto for the <br /> purposes of this Agreement; and, <br /> WHEREAS, this Agreement is made under the authority granted to the Department by the North <br /> Carolina General Assembly, including but not limited to, the following legislation: General Statutes of <br /> North Carolina (NCGS), Section 136-66.1, Section 160A-296 and 297, Section 136-18, and Section <br /> 20-169, to participate in the planning and construction of a Project approved by the Board of <br /> Transportation for the safe and efficient utilization of transportation systems for the public good; and, <br /> WHEREAS, the parties to this Agreement have approved the construction of said Project with cost <br /> participation and responsibilities for the Project as hereinafter set out. <br /> NOW, THEREFORE, the parties hereto, each in consideration of the promises and undertakings of <br /> the other as herein provided, do hereby covenant and agree, each with the other, as follows: <br /> SCOPE OF THE PROJECT <br /> 1. The Project consists of improvements on NC 417 (Hampstead Bypass)from south of NC 210 to <br /> north of SR 1563 (Sloop Point Loop Road). <br /> Agreement ID#8985 1 <br />