Orange County NC Website
shall be entitled to a full reimbursement from ORANGE COUNTY of the cost of Infrastructure <br /> construction improvements shown on the Construction Plans , including all reasonable and market-rate <br /> costs of management, materials and labor documented by CAPKOV to ORANGE COUNTY with <br /> invoices for the materials and labor. Reimbursement of invoices submitted by CAPKOV shall be paid <br /> by ORANGE COUNTY to CAPKOV within sixty (60) calendar days of submittal . <br /> F . If a future as -built survey or revised Construction Plans depicting the Infrastructure <br /> located on or serving New Lot 2 shows a change in the location of any Infrastructure within any <br /> easement referenced herein, then the location of the easements contained herein will be modified on <br /> the approved plans and /or any recorded plat and /or easement document to reflect the change in the <br /> as -built survey or Construction Plans . Any such change will be made by recordable amendment to this <br /> Declaration or other recordable instrument agreed upon by the Parties . <br /> NOW, THEREFORE, in consideration of the Recitals , which are material to this Declaration <br /> and shall be deemed incorporated into provisions below, and the other mutual covenants hereinafter <br /> set forth and other good and valuable consideration, the Parties , intending to be legally bound, agree <br /> and covenant as follows : <br /> 1 . Cross-Access Easement and Related Provisions . <br /> (a) Grant of Cross -Access Easement . ORANGE COUNTY declares , grants and <br /> conveys to CAPKOV, its successors and assigns , a non-exclusive and perpetual right, privilege and <br /> easement for ingress , egress , regress (but not parking) over that portion of the COUNTY Property <br /> labeled "Permanent Cross -Access Easement" shown on Exhibit A (the " Cross -Access Easement <br /> Tract") , attached hereto and incorporated herein by reference (the " Cross-Access Easement") . This <br /> Cross-Access Easement provides access from Waterstone Drive running southward over the "Future <br /> Public Street" shown on Exhibit A and generally continuing to where the eastbound private road <br /> intersects with the "Private Public Street" and running 320 ' east, more or less , to where the private <br /> access road turns southbound towards the County ' s planned Crisis Diversion Facility . At such time <br /> that the "Future Public Street" is accepted by the Town of Hillsborough or the North Carolina <br /> Department of Transportation for maintenance, the Cross -Access Easement Tract will be limited to <br /> the portion of the Permanent Cross -Access Easement between New Lot 1 and the COUNTY <br /> PROPERTY as shown on Exhibit A . The Cross -Access Easement will serve both the COUNTY <br /> Property and CAPKOV ' s New Lot 1 and provide pedestrian and vehicular access for all potential users <br /> of the COUNTY Property and CAPKOV ' s New Lot 1 . <br /> TO HAVE AND TO HOLD the Cross -Access Easement unto CAPKOV and its successors <br /> and assigns in title forever; it being agreed that the rights and easements hereby granted are for the use <br /> of, are appurtenant to and run with title to the Properties . ORANGE COUNTY warrants that it is <br /> seized of the COUNTY Property in fee simple and has the right to convey the Cross -Access Easement <br /> described herein . <br /> (b) Temporary Construction Easement. The Parties , their successors and assigns , <br /> declare, grant and convey to each other, and their successors , assigns , agents and contractors , a sixty <br /> foot (60 ' ) temporary construction easement (the "TCE") overlaying and extending beyond the <br /> boundaries of the Cross -Access Easement Tract and over the COUNTY PROPERTY and CAPKOV ' s <br /> New Lot 1 and New Lot 3 to complete the Infrastructure on the COUNTY Property and CAPKOV ' s <br /> 3 <br />