Bonus Allocation Agreement Sample Contracts

CHATHAM COUNTY AGREEMENT
Bonus Allocation Agreement • August 5th, 2020 • North Carolina

PARK INVESTORS LLC, a North Carolina limited liability company (“Developer”) and TOWN OF PITTSBORO, a North Carolina municipal corporation (“Town”) (each, a “Party” and collectively, the “Parties”).

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CHATHAM COUNTY AGREEMENT (R-5930A)
Bonus Allocation Agreement • December 9th, 2022 • North Carolina

entered into this day of , 20 , by and between CHATHAM PARK INVESTORS LLC, a North Carolina limited liability company (“Developer”) and TOWN OF PITTSBORO, a North Carolina municipal corporation (“Town”) (each, a “Party” and collectively, the “Parties”).

MEMORANDUM
Bonus Allocation Agreement • November 21st, 2022

Pursuant to the North Carolina Department of Transportation (“DOT”) State Transportation Improvement Program (“STIP”), DOT recognizes local contributions that reduce road construction costs, and DOT reimburses a portion of such local contributions. Chatham Park includes the construction of the “Chatham Park Way”, a state road project primarily benefiting the transportation needs of residents and businesses located within the Town and Chatham Park. DOT has identified in the STIP the funding for and scheduling of construction of a new approximately 2.336-mile two-lane section of Chatham Park Way.

FIRST AMENDMENT TO BONUS
Bonus Allocation Agreement • December 9th, 2022

CHATHAM PARK INVESTORS LLC, a North Carolina limited liability company (“Developer”) and TOWN OF PITTSBORO, a North Carolina municipal corporation (“Town”) (each, a “Party” and collectively, the “Parties”).

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