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Attachment g <br />18 <br />CLEAN WATER MANAGEMENT TRUST FUND <br />GRANT' AGREEMENT <br />(PROPERTY ACQUISITION) <br />GRANTEE: Or <br />FEDERAL LD. <br />PROPERTY IIa <br />GRANT AGREEMENT NO.: 1999A-017 <br />THIS GRANT AGREEMENT (the "Grant Agreement"), is made effective as of the <br />day of 19 by and between, THE NORTH CAROLINA CLEAN WATER <br />MANAGEMENT TRUST FUND, acting through its Board of Trustees solely in its official <br />capacity pursuant to Article 13A of Chapter .113 of the General Statutes of North Carolina (the <br />"Fund") and ORANGE CQUNTY, a North Cazolina local ~ovenunent (the "Grantee"). <br />RECITALS <br />A. The Grantee will use the fiinds described in Section T hereof for the purchase of the <br />property described in Exhibit A attached hereto (the "Property', for the purposes and according to <br />the schedule set out in Exhibit A. <br />B. The Fund tentatively approved the Grantee's application at its meeting on November <br />1 S, 1999 anal is willing to make the grant described hereinabove based an the terms and conditions <br />set Earth in this Grant Agreement. <br />COVENANTS <br />NOW, THEREFORE, in consideration of the mutual. agreements set forth herein together <br />with other good and valuable consideration, the receipt and sufficiency of which are hereby. <br />aclcnawledged by the parties hereto, the Grantee and the Fund enter into this Grant Agreement in <br />accordance with Article 13A of Chapter 113 of the Generai Statutes of North Carolina (N.C.G.S. <br />§ 113-145.1, et sea.). <br />SECTION I <br />The Grant <br />l.l. Grant. Subject to the terms and conditions of this Grant Agreement, the Fund will <br />grant the Grantee the sum of up to $143,000.00 (the "Grant"), towards land acquisition costs of the <br />Property as described on Exhibit A attached hereto, for the purchase of the Property pursuant to the <br />terms hereof. <br />1.2. Grant Purpose. The purpose of the Grant is for Property acquisition and <br />conservation. The Grant funds will be disbursed according to the provisions of Section IV after the <br />