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HomeMy WebLinkAboutSW3110402_HISTORICAL FILE_20110607STORMWATER DIVISION CODING SHEET POST -CONSTRUCTION PERMITS PERMIT NO. SW 3La6�ZQ� DOC TYPE ❑CURRENT PERMIT ❑ APPROVED PLANS HISTORICAL FILE DOC DATE YYYYMMDD CjREENFIEL C. C7 M P A N Y I N C April 21, 2011 Attention Mr. Mike Randall NCDENR 512 N. Salisbury St. Raleigh, NC. 27604 Re: Storm Water Permit Rea Rd. Weddington, NC Dear Mr. Randall, RECEIVED DIVISION OF WATER QUALITY JUN 7 2011 SNF= 'EC'i ION MOORESVILLE REGIONAL OFFICE First of all let me Thank You for meeting with Eric and myself on Monday. It was a great help and we really appreciated you taking the time. With this package we have enclosed the permit application, one original along with one copy with site plans for the Children's Lighthouse project on Rea Rd., in Weddington, NC. If you should have any questions please do not hesitate to call. Sincerely, Greenfield Construction Company, Inc. John D. Davis CEO 1503 N. Rocky River Rd • Monroe, North Carolina 28110 • Tel. 704-296-9798 • Fax 704-296-9799 ii State of North Carolina Department of the Secretary of State Limited Liability Company ARTICLES OF ORGANIZATION SOSM 1162067 Date Filed: 8/1/2010 2:30:00 PM Elaine F. Marshall North Carolina Secretary of State C201020400461 Pursuant to §57C-2-20 of the General Statutes ofNorth Carolina, the undersigned does hereby submit these Articles of Organization for the purpose of forming a limited liability company. l . The name of the limited liability company is:�tS7Ai�L- 2. if the lindted liability company is to dissolve by a specific date, the latest date on which the limited liability company is to dissolve: (If no date for dissolution is apecifwd there shall be no limit on the duration of the limited liability company.) 3. The name and address of each person executing these articles of organization is as follows: (State whether each person is executing these articles of organization in the capacity of a member, organiser or both. Note: This document must be signed by all persons listed here). IYORE O.IOMO - 9110 Sklpaway Dr, Waxhaw NC 28173 (Organizer) TUNDE OJOMO - 9110 SkOmvay Dr, Waxhaw NC 28173 (Member) 4. The street address and county of the initial registered office of the limited liability company is: Number and Street 9110 Skipaway Dr City, State, Zip Code Waxharr NC 28173 County Unlon S. The mailing address, !f di,,Q'u+aut from the street addrew, of the initial registered office is: 6. The name of the initial registered agent is: Tunde Ojamo 7. Principal office information: (Select either a or b.) a. ❑ The limited liability company has a principal office. The street address and county of the principal office of the limited liability company is: Number and Street City, Sty Zip Code County The mailing address, (fdl kreni f em the street addrms, of the principal office of the corporation is: b. Q✓ The limited liability company does not have a principal office. 8. Check one of the following: (i) MembeP nw=ged LLC: all members by virtue of their status as members shall be managers of this limited liability company. (ii) Mwwger-managed LLC: except as provided by N.C.G.S. Section 57C-3-20(a), the members of this limited liability company shall not be managers by virtue of their status as members. 9. Any other provisions which the limited liability company elects to include are attached. 10. These articles will be effective upon fling, unless a date and/or time is specified: This is the 18th day of Jury , 20 10 Signatare WORE OJOMO - Managing Member (91-,V yrw Type or Print Name and Title Ta"M Ada m p — fRK lore� dpya OMP&I ] . Ming fee is $125. This document most be MW with the Secretary of State. CORPORATIONS DIVISION P.O.9ox 29Q2 RALEIGK NC 27626-0622 (Revised lamrmy 2002) (Farr L-0I) Instructions for Ming ` 1491 9244 BX t 491 Pr,244 tMIOI coum PC C1119/2001 to $4155.00 rt Kp Real Estate Excise Tex � Fled for record Date 1.1Q2M, Tints t 0'd0ol4'2_ri AMY G_ PRICE, Raostet al Oeeda Union County. Monroe, Ilarth Caroline E n se Ta. Jf-f SS 0 d 1 Recarcift Mme, Book and Page Tax Let No....�i it .� (!% Farce] Identifier No.... 6-241-d0................................................ VeriSedby ........................................................................ County on the .,.......... ,... day of ..... ,.,...... ,... .._._,...._._ .....,._......_._..... by....................... ..........:............... ....... .................. ........................ .... ............... ..... ............... ...................... ........... .................... CRAHIFOftD, SCHULTM AND TOMCHIN, PA Mail after recording to ........ ... ........ ..... .�R S200.. WTE............ ... ......................................... . L OM NC 28211 .......... .................... ............................ ............ -........ ........................... ..,... .,............ ,..... .,............... ,.... .... ,........ ,.... ,.... ,... ,..... I-- ..... ,... ,.......... ........ This instrument was prepared by ,5tanley D. Rarnfeld Brief description for the Index 20.429 acres Rea Road Extension NORTH CAROLINA GENERAL WARRANTY DEED THIS DEED made this - ...... 17thday of ...January............................._.....-....1 2001.., by and between GRANTOR PerEormance Investments, Inc., a North Carolina corporation GRANTEE Longview South, LLC, a North Carolina limited liability company eb clr W%3t". %X �QZ» Enter in aypeamiate klaek ror each pwt7: name. aadrera, and, u apptspriale, ebWmeter It tntn), eq. csrporpgsn or psrtnerahlp The designation Grantor and Grantee as used herein Mail include said parties, their htire, successors, and assigns, and aball include singular, plural, masculine, feminine or neuter as required by context. WITNESSETH, that the Grantor, for a valuable consideration paid by the Grantee, the receipt of which is hereby acknowledged, has and by these presents does grant, bargain, sell and convey unto the Grantee in fee simple, all that certain lot or parcel of land situated in tissx,Rltpsf ..... ........................... ......... Sandy Ridge Township, Union County, Borth Carolina and ranre particularly described as follows: For a description of the property, conveyed hereby, see exhibit "A" attached hereto and msde a part hereof by this specific reference. V. C. ec As,oe. Faro Nu. 7 0 1976. ANired ®1977 - r.. w.., a a.. �.�, r.. in. •,aa..•w. ,� a xn:ee 1491 0245 8K t 491 QG245 The property hereinabove described was acquired by Grantor by instrument recorded in ...................................................... A map ahowimg the aboroe described property is recorded in Plat Book .......,_ ...................... — page............,........ TO HAVE AND TO HOLD the aforesaid lot or parcel of land and all privileges and appurtenances thereto belonging to the Grantee in fee simple. And the Grantor covenants with the Grantee, that Grantor is seized of the premises in fee simple, has the right to convey the same in fee simple, that title is marketable and free and clear of all encumbrances, and that Grantor will warrant and defend the title against the lawful claims of all persons whomsoever except for the exceptions hereinafter stated, Title to the property herainabove described is subject to the following exceptions: See exhibit "B" 1N IrrrNtsa WHEREOF, the Granter VS herounto Set ay heed and —1. or it corporate. boa eaaaed this lastrament to be s ocd la Itr soma byIt" dWy aathorlt.d ofnrora and its 5024 to he heHanto affixed by authority or Its Heard of Wreeturs, tltr day an yeas neat Part awes wrlttaa. Performance Invest Inc _ nv - - yd-------------------------------------------------------------IhaAL) Morpnr to ) J T. ---------------- 'x--_______________________________________________ tEEAL) ____.--_�----------------- .__Ptoaldaer A a - D ri: �/�j(A1L3.L J --------`-.. .-_'----__._..-.a+creta ry (Crrytnte soaq W aJ_.______.............______________--__-_-----_____________-_(SEAL) ZEAL-aTANP WORTH CAROLINA-------------- _------- — --------- -. Connty. ar 1. a Notary Public of the Caaaty Ewa slatt areresatd, certuy that --_.....------------------ ---------------- r---------------------------------------------------------------------------------------------------- Granter. perareany appeared hefarr me thin day sad aehae�tsdgM the reeeuttm of the forryatttg Imtrumra>_ Rtatess in, 7 Stud sad etflclal ataaap of Met. Ibis -------- day at ----------------------------------------- ------ Mycdmmisslaa eaptroa: _______------------- __.____. .__.....------------------------------- NOtary Pabitn gZAL-ETANP NORTH CAROLUCA. V�$---------------Caaaty- Maxine W. Turner ». a Ntda+1 loldle at lac County "A stall afrryald, eertt4 that _____ _________________ ___` "''• personalty came before we this day and ackaewledged that She is .... .----- ------- __ ________ ■eeretarY rt Pedl) LpB tu CI71Vgstment8, InC a Netni Careuerrpacattts, and that by authority dEV EI►ea and u the Eel Of the rarprattea, the retesting ldstroment Sea signed to Its name by lit _______________ gl • s S President, sealed with its eerporate neat sad allcaUd by -9F1- -____ as Its -----_. ----------------- Etereury. .t . .- L7 �'%� JBnuH 2O01 ,.. `. . wkaess av seed sad darttdtat +taa•A .r .eat. ibis {_....say of _--_.._.- �---___.. ------ -.. �r 11 1T f3 2aa styeernm4alaaaxpiru: J,��i1R.i1___{.-�..--__..z�.. -_1T1-�y-O------- --------- Notary Public The f—capotag Cenktkattfdf of ------------ ..-------------------- ---- •-------------------------------------------------------------- ---------------------------------------- °''► 4'_Y nE l�l-- P---------•-------------------- --- ---................... --------------------------------------------------------- -------------------------------------------------------------------------------- tala ...Hn.d to be ea ,r ct, This Wtruaoeat ud this certlflaate are duly regytumd at the data .Ad time and to the Ooolt and Pare d icr rn on the first page horeet. _ ----------------- 4WA-4f; dvL�_._»...aGItTBA GP OLEJe gtll F________________________COUNTY -------- napogAssytaat-Registry er OsWaay _____________________________ nbta fro C. Bx Anoc. Form Ito 3 ¢l. 1976. Ne•eed ©k977 � �..r, w.r.� a to. i.e , ea. err, c zmes In.. Camas - In. 1491 0246 Pa fornutace Tract Bang all of that certain 20.429 acre tract of land located on the Rea Road Extension 04CDOT project 9,8100352U 2506. Begi� at a new iron located on the southwesterly margin of the aforesaid Rea Road Extension. Set iron manes a corner of the William Nolan (now or fo merly) property. (Sec Deed Book 1332 at page 447). Thence with the Nolan line north 76-02-36 west 1,070.02 feet to a naiI in an old atone. Said nail being located in the nordmastcrly lime of Lot 71 of CametBtld Creek, Phase 2, Cabinet E, File 815 in the Union County Public Registry. Therue with the easterly lisle of the aforesaid Lot 71 and Lot 70 and the common open space for the aforesaid Catrter6e1d Creel, and with the Reunion Land Company line (row or formerly) (see Deed Boor 797 at page 372) narth 15-47-32 west 861.78 feet to a new iron. Thence continuing with the Reunion Lund Company line north 16-35-02 west 1.115.44 feet to a new iron in the LV . Holding (now or formerly) line (see Deed Boob 1345 at page 467). Thence with the aforesaid LV Holding Ihm north 45-20-04 cast 3.91 feet to a new iron on the southwesterly margin of the aforesaid Rea Road Extension. Said new iron lies approximately N 37-58-45 W 1, 744.58 het from the intersection of the center line of Tom Shoe Road with Rea Road Extension. Thence with. the southwesterly margin of the aforesaid Rea Road Extension in 8 courses and distances as Wows. 1.) Soutb 34-02-56 east 804.03 fod to a new iron, 2.) South 34-29-27 oast 227.51 feet to a now iron; 3.) With the we of a circular curve to the left said curve having a radius of 4,954.06 fact, an an distance of 595.99 feet, a chord distance of 595.63 feet, a chord beariQg of south 38- 49.03 east to a new iron; 4.) South 39-51.43 east 178.25 feet to a new iron; 5.) South 4249-22 east 273.03 feet to a now iron; 6.) Weds the an of a circular curve to the right said curve having a radius of 2,204.72 fee, an arc distance of 366.34 feet, a chord distm= of 365.92 fcc , a chord bearing of south 35-57-41 east to a new ken; 7.) Sauih 34-50-53 east 111.09 feet to a new iron; 8.) South 26-2449 east 130.48 foot to a new iron the point or place of beginning and containing 20.429 acres all is shown on a mr vey prepared by Carolina Surveyors dated August 28 the year f 2000 to which savayrdammo is herewith malt. The aforesaid tract is found ender Union County tax paroal number 6-201-007. MabNoiyriamlRa Rona woa ZA'd 4d=tr[ 10. T[ uetf L£9Lyy£yLk:xi+j cr __. 1491 9247 Bx 1 491 PG241 EXHIBIT B 1. Sanitary sewer line easement to Union County recorded in Book 731, Page 545, Union County Registry. 2. Agreement establishing roadways recorded in Book 456, Page 810, Union County Registry. 3. Zoning allocation agreement recorded in Book 456, Page 940, Union County Registry. 4. Right -of --way of Rea Road (right of way established but road is unopened at this time). State of North Carolina Department of the Secretary of State Limited Liability Company ARTICLES OF ORGANIZATION SOSID: 1162067 Date Filed: 8I5l2010 2:30:00 PM Elaine F. Marshall North Carolina Secretary of State C201020400461 Pursuant to §57C-2-20 of the General Statutes of North Carolina, the undersigned does hereby submit these Articles of Organization for the purpose of forming a limited liability company. The name of the limited liability company is: sc1 Rat r e�tatl 1?�,C C REhL ?S7jk-JF LL t. 2. If the limited liability company is to dissolve by a specific date, the latest date on which the limited liability company is to dissolve: (If no date for dissolution is specified there shall be no limit on the Oration of the limited liability company. ) 3. The name and address of each person executing these articles of organization is as follows: (State whether each person is executing these articles of organization in the capacity of a member, organizer or both Note: This document must be signed by all persons listed here). IYORE OJOMO - 9110 Sklpaway Dr, Waxhaw NC 26173 (Organizer) TUNDE OJOMO.9110 Skipaway Dr, Waxhaw NC 28173 (Member) 4. The street address and county of the initial registered office of the limited liability company is: Number and Street 9110 Skipaway Dr City, State, Zip Code Waxes" NC 28173 County Union 5. The mailing address, ifdiffffeN from the stttaet address, of the initial registered office is: 6. The name of the initial registered agent is: Tunde Ojano 7. Mrxipal office information: (Select either a or b.) a. ❑ The limited liability company has a principal office. The street address and county of the principal office of the limited liability company is: Number and Street City, State, Zip Code County The mailing address, jfdifrerertt f em thestntd address, of the principal office of the corporation is: b. Q The limited liability company does not have a principal office, ....... . 8. Check one of the following: ,i (i) Membe"nanaged LLC: all members by virtue of their status as members shall be managers of this limited liability company. (ii) Manager-mmnaged LLC: except as provided by N.C.G.S. Section 57C-3-20(a), the members of this limited liability company shall not be managers by virtue of their status as members. 9. Any other provisions which the limited liability company elects to include are attached. 10. These articles will be effective upon filing, unless a date and/or time is specified: This is the 18th day of J* , 20 1D Signature WORE CUOMO - Managing Member 1Yi� Type or Print Name and Title Tuom 0-jo m Q— M tm 1:&(L-- f* 00143 1. Filing tee is $125. Tbb document most be tiled with the Secretary of State. CORPORATIONS DIVISION P.O. Box 29622 RALEIGH, NC 27626-0622 (Revised Jw=vy 2002) (Form 1,-01) Instructions for Filing William E, Bruce Construction Consultant April 19, 2011 8501-A Tower Point Dr. Charlotte, NC 28227 704-846-2327 704-846-4866 (fax) desutton@windstream.net DIVISION RECEIV OF WATER QUALITY To: NCDENR JUN 7 2011 Division of Water Quality SVVPChildrens Lighthouse Childcare Learning Center M0ORESVILLE REGIONAL OFFICE Rea Rd at Tom Short Rd, Union County Stormwater BMP Narrative This project constructs a 12,207 s.f. day care center with associated parking area. The site drains into McBride Ck which drains into Six Mile Ck. A regulated flood plain, and stormwater wetlands exist on this property. New construction is limited to areas outside both of these boundaries. Six Mile Ck is a protected stream due to the Carolina Heelsplitter mussel. Due to that, a sand filter BMP per Chapter 11 of the NC BMP Manual will receive stormwater runoff from 29,204 s.f. of impervious area. There is 4,445 s.f. of asphalt drive that will not flow to the BMP. This flow is released due to the topography of the site making it extremely difficult to direct this flow into the BMP. This area is approximately 13% of the total built upon area. All stormwater runoff is directed as surface flow with the exception of the rear downspouts. This flow will be captured in an underground pipe that empties into the forebay. Drainage Area 1 consists of the impervious area flowing to the BMP along with any pervious area contained within the,drainage boundary. Drainage Area 2 consists of the remainder of the site, which remains undeveloped. This undeveloped area will be utilized as playground outside the boundaries of the flood plain. The balance of the site will remain a wooded floodplain and natural wetland. The developed area will be filled to raise the grade enough to construct the BMP. The bottom of the sand filter (elevation 590.0) is at the elevation of existing grade, so it will not be affected by the seasonal water table. Top of the sand filter is at 592.50, with top of the berm at 594.5. A 20' wide grassed spillway is at 594.0. During the 1-yr, 24 hr design storm, runoff will flow into the forebay as sheet flow from the parking area plus the flow from the downspout pipe. Bottom of the forebay is at elevation 643. Upon reaching elevation 644, water from the forebay will flow over the berm in to the sand filter area. An underdrain located in the forebay, under a layer of sand and filter fabric will allow the forebay to dry out during rainfall events. The difference in stormwater runoff from pre -developed and post -developed conditions for the 1-yr, 24 hr design storm is treated, and controlled. This volume (3,700 c.f.) flows through the sand filter into the underdrain pipe system. Peak discharge is reduced from .83 c.f.s. to .34 c.f.s. Based on a stage - storage table, the volume is reached at elevation 593.85. The area of the sand filter is adequate to drain the design volume 40 hours past the center of the design storm. A 10-yr, 24hr design storm was routed through the facility is release through the grassed spillway. Upon reaching elevation 794;�,j�verflow. , CAR ,.� S E ` 113 4 r //yy +�O 0 a '•bv-f �(9� �R C Sul Ptr�ttt�ui�a��� Existing 2Sv Aip Developed BMP v.' C A rQ� 2 P R �3 4 Forebay� p`.►b s st •i , ¢ '�dI +T � "I Lot OSubcat Reach ILinkl JOB C lI-T cp Jf; L t WILLIAM E. BRUCE Construction Consultant 8501-A Tower Point Drive CHARLOTTE, NC 28227 (704) 846-2327 Fax (704) 846-4866 I �T,L.... SHEET NO. OF CALCULATED BY-� - DATE CHECKED BY DATE Sand Filter Design Project: Childrens Lighthouse Daycare Page 1 Section 11 NCDENR BMP Manual Location: Weddington, NC Date: 4/12/2011 Designer: D. Eric Sutton, PE 704-846-2327 FLOW TO BASIN DATA: Composite CN after development Soil Type: IrA, Iredell loam SCS Soil Group: CID VOLUMETRIC RUNOFF COEFFICIENT Rv: 0.67 ac. Impervious area CN = 98 0.00 ac. Roof area CN = 98 0.00 ac. Offsite CN = 76 0.44 ac. Grassed area CN = 77 1.11 ac. Total area Composite CN = 90 % Impervioius, I = 60.4% Rv = 0.91 1.98" post-dev - 1.07" pre dev = .91" WATER QUALITY PROTECTION VOLUME, WQv: WQv = Difference in runoff from pre-dev to post-dev conditions for 1-yr, 24hr design storm WQv = 0.08 Ac-Ft. .184 ac-ft post-dev - .099 ac-ft pre dev = .08 ac-ft = 3,667 c.f. 733 c.f. Min. Sediment Chamber Volume 20% of WQv WQv = 0.91 in. of runoff 242 sf Min, Sediment Chamber Surface Area 240'Rv"Ad SAND FILTER AREA BY DARCY'S EQUATION: Af =( WQv " df)1[k ' (hf + do ' tf k = 3.50 ft/day Af = 465 sf df = 1,5 ft hf = 0.76 ft. tf = 1.500 days SAND FILTER MEDIA STAGE -STORAGE: Qo = Af(k)(hf+df)/(df) Elev Qo Use Af = 900 sf 592.5 0.000 c.f.s. k = 3.50 ft/day 593.5 0.061 c.f.s. df = 1.50 ft. 594.5 0.085 c.f.s. 595.5 0.109 c.f.s. 596.5 0.134 c. f. s. 597.5 0.158 c.f.s. 598.5 0.182 c.f.s. Sand Filter Design Project: Childrens Lighthouse Daycare Page 2 Section 11 NCDENR BMP Manual Location: Weddington, NC Date: 4/12/2011 UNDERDRAIN CAPACITY: 3 # of 6" dia. underdrains Designer: D. Eric Sutton, PE 704-846-2327 0.5% Slope of underdrains 30.0 ft Length of underdrains 2.3 ft avg. depth above perforations 720 # of 318" dia. perforations on 6" centers, 4 holes per row 360 # of 318" dia. perforations assuming 50% clogged 0.007 c.f.s. Capacity of one perforation = CA(2gh)^.5 2.603 c.f.s. Capacity of all perforations assuming 50% clogged 0.394 c.f,s. Capacity of one 6" dia. PVC pipe by Manning's Eq 1.183 c.f.s. Capacity of all 6" dia. PVC pipes by Manning's Eq 0.592 c.f.s. Capacity assuming 50% clogged OK Underdrain capacity greater than max. media capacity Childrens Lighthouse BMP Type I! 24-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/1212011 H droCAD® 9.00 s/n 02957 O 2009 H droCAD Software Solutions LLC Summary for Subcatchment IS: Existing Runoff = 0.828 cfs @ 12.36 hrs, Volume= 0.099 a Depth= 1.07" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type 11 24-hr One Rainfall=3.00" Area ac CN Description 1.110 77 Woods. Good. HSG D 1.110 100.00% Pervious Area Tc Length Slope Velocity Capacity Description mini (feet) (ft/ft) (ffUsec) _ (cfs) 38.1 230 0.0260 0.10 Sheet Flow, Overland Woods: Light underbrush n= 0.400 P2= 3,12" Childrens Lighthouse BMP Type 1124-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/12/2011 H droCAD® 9.00 s/n 02957 02009 H droCAD Software Solutions LLC Summary for Subcatchment. 2S: Developed Runoff = 3.950 cfs @ 11.96 hrs, Volume= 0.184 of Depth= 1.98" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type II 24-hr One Rainfall=3.00" Area ac CN Description 1.110 90 Normal CN 1.110 100,00% Pervious Area Tc Length Slope Velocity Capacity Description (min) (feet) (ft/ft) (ft/sec) (cfs) 5.0 Direct Entry, I ?) � f (---J,—T - D <-V . oq9 Pp- F. - DEq �-0L uM�-.' �0L0►� Pg0v4-� �rJ� C �- t L� - V�4z � Now IACWCE C) Childrens Lighthouse BMP Type 1124-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/12/2011 H droCAD® 9.00 s/n 02957 02009 H droCAD Software Solutions LLC Stage -Area -Storage for Pond 1 P: BMP Elevation Surface Storage (feet) _ (sq-ft)_ (cubic -feet] 592.50 900 0 592,55 1,078 49 592.60 1,256 108 592.65 1,434 175 592.70 1,612 251 592,75 1,791 336 592.80 1,969 430 592.85 2,147 533 592.90 2,325 645 592.95 2,503 766 593.00 2,681 895 593.05 2,758 1,031 593.10 2,836 1,171 593.15 2,913 1,315 593.20 2,990 1,462 593.25 3,067 1,614 593.30 3,144 1,769 593.35 3,222 1,928 593.40 3,299 2,091 593.45 3,376 2,258 593.50 3,454 2,429 593.55 3,531 2,603 593.60 3,608 2,782 593.65 3,685 2,964 593.70 3,763 3,150 593.75 3,840 3,341 593.80 3,917 3,534 593.85 3.994 3.732 593.90 4,071 3,934 593.95 4,149 4,139 594.00 4,226 4,349 594.05 4,759 4,573 594.10 5,293 4,825 594.15 5,826 5,103 594.20 6,360 5,407 594.25 6,894 5,739 594.30 7,427 6,097 594.35 7,961 6,481 594.40 8,494 6,893 594.45 9,028 7,331 594,50 9,661 7,796 594.55 9,561 7,796 594.60 9,561 7,796 594.65 9,561 7,796 594,70 9,561 7,796 594,75 9,561 7,796 594.80 9,561 7,796 594,85 9,561 7,796 594.90 9,561 7,796 594.95 9,561 7,796 595,00 9,561 7,796 595,05 9,561 7,796 Elevation Surface Storage (feet) (sq-ft) (cubic -feet 595.10 9,561 7,796 595.15 9,561 7,796 595.20 9,561 7,796 595.25 9,561 7,796 595.30 9,561 7,796 595,35 9,561 7,796 595.40 9,561 7,796 595.45 9,561 7,796 595.50 9,561 7,796 A�t� P v� r 5ToW�6 eLE� , 3 �z)F F,4131-� �� + 10':4 �+ 3 r13 ji 10 L v v,'.I=-- of �D�� B,Q Childrens Lighthouse BMP Type 1124-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/12/2011 H droCAD® 9.00 s/n 02957 02009 H droCAD Software Solutions LLC Stage -Area -Storage for Pond 2P: Forebay Elevation Surface Storage (feet) (sq-ft) -Acubic-feet) 693.00 634 0 693.01 642 6 693.02 651 13 693.03 659 19 693.04 668 26 693.05 676 33 693.06 684 40 693.07 693 46 693.08 701 53 693.09 710 60 693.10 718 68 693.11 726 75 693.12 735 82 693.13 743 90 693.14 752 97 693.15 760 105 693.16 768 112 693.17 777 120 693.18 785 128 693.19 794 136 693.20 802 144 693.21 810 152 693.22 819 160 693.23 827 168 693.24 836 176 693.25 844 185 693.26 852 193 693.27 861 202 693.28 869 210 693.29 878 219 693.30 886 228 693.31 894 237 693.32 903 246 693.33 911 255 693.34 920 264 693.35 928 273 693.36 936 283 693.37 945 292 693.38 953 302 693.39 962 311 693.40 970 321 693.41 978 331 693.42 987 340 693.43 995 350 693.44 1,004 360 693.45 1,012 370 693.46 1,020 381 693.47 1,029 391 693.48 1,037 401 693.49 1,046 412 693.50 1,054 422 693.51 1,062 433 Elevation Surface Storage (feet) (sq-ft) (cubic -feet) 693.52 1,071 443 693.53 1,079 454 693.54 1,088 465 693.55 1,096 476 693.56 1,104 487 693.57 1,113 498 693.58 1,121 509 693.59 1,130 520 693.60 1,138 532 693.61 1,146 543 693.62 1,155 555 693.63 1,163 566 693.64 1,172 578 693.65 1,180 590 693.66 1,188 601 693.67 1,197 613 693.68 1,205 625 693.69 1,214 637 693.70 1,222 650 693.71 1,230 662 693.72 1,239 674 693.73 1,247 687 693.74 1,256 699 693.75 1,264 712 693.76 1,272 724 693.77 1,281 737 693.78 1,289 750 693.79 1,298 763 693.80 1,306 776 693.81 1,314 789 693.82 1,323 802 693.83 1,331 816 693.84 1,340 829 693.85 1,348 842 693.86 1,356 856 693.87 1,365 869 693.88 1,373 883 693.89 1.382 897 693.90 1,390 911 693.91 1,398 925 693.92 1,407 939 693.93 1,415 953 693.94 1,424 967 693.95 1,432 981 693.96 1,440 996 693.97 1,449 1,010 693.98 1,457 1,025 693.99 694.00 1,474 7,054 1-yr, 24-hr Design Storm Childrens Lighthouse BMP Type 1124-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/12/2011 HydroCAD® 9.00 s/n 02957 GO 2009 HydroCAD Software Solutions LLC Pa e Summary for Subcatchment 1 S: Existing Runoff - 0.828 cfs @ 12.36 hrs, Volume= 0.099 af, Depth= 1.07" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type II 24-hr One Rainfall=3.00" Area ac CN Description 1.110 77 Woods, Good, HSG D 1.110 100.00% Pervious Area Tc Length Slope Velocity Capacity Description min feet ft/ft ft/sec cfs 38.1 230 0.0260 0.10 Sheet Flow, Overland Woods: Light underbrush n= 0.400 P2= 3.12" Summary for Subcatchment 2S: Developed Runoff = 3.950 cfs @ 11.96 hrs, Volume= 0.184 af, Depth= 1.98" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type II 24-hr One Rainfall=3.00" Area ac CN Description * 1.110 90 Normal CN 1.110 100.00% Pervious Area Tc Length Slope Velocity Capacity Description (min) (feet) (ft/ft) (ffUsec) (cfs) 5.0 Direct Entry, Summary for Pond 1 P: BMP Inflow Area = 1.110 ac, 0.00% Impervious, Inflow Depth = 1.98" for One event Inflow - 3.950 cfs @ 11.96 hrs, Volume= 0.184 of Outflow = 0.338 cfs @ 12.45 hrs, Volume= 0.183 A Atten= 91 %, Lag= 29.5 min Primary = 0.338 cfs @ 12.45 hrs, Volume= 0.183 of Routing by Star -Ind method, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Peak Elev= 594.03' @ 12.45 hrs. Surf.Area= 4,546 sf Storage= 4,480 cf Plug -Flow detention time= 652.0 min calculated for 0.183 of (99% of inflow) Center -of -Mass det. time= 648.5 min ( 1,453.9 805.4 ) Volume Invert _ Avail.Storage Storage Description #1 592.50' 7,796 cf Custom Stage Data (Prismatic) Listed below (Recalc) Childrens Lighthouse BMP Type/1 24-hr One Rainfall=3.00" Prepared by D. Eric Sutton, PE Printed 4/12/2011 HydroCAD® 9.00 s/n 02957 ©2009 HydroCAD Software Solutions LLC Hydrograph for Pond 1 P: BMP Time Inflow Storage Elevation Primary (hours} _ _ (Cfs) _ _ cubic -feet) (feet) (cfs) 0.00 0.000 0 592.50 0,000 2.00 0.000 0 592.50 0.000 4.00 0.000 0 592.50 0.000 6.00 0.001 1 592.50 0.000 8.00 0.015 49 592.55 0.003 10.00 0.051 220 592.68 0.011 12.00 3.339 3,486 593.79 0.068 14.00 0.115 4,374 694.01 0.123 16.00 0.071 4,349 594.00 0.074 18.00 0.055 4,277 593.98 0.073 20.00 0.040 4,103 593.94 0.072 22.00 0.037 3,869 593.88 0.070 24.00 0.034 3,625 593.82 0.069 26.00 0.000 3,150 593.70 0.066 28.00 0.000 2,687 593.57 0.063 30.00 0.000 2,249 593.45 0.058 32.00 0.000 1,859 593.33 0.051 34.00 0.000 1,520 593.22 0.044 36.00 0.000 1,226 593.12 0.038 38.00 0.000 974 593.03 0.032 40.00 0.000 760 592.95 0.027 42.00 0.000 580 592.87 0.023 44.00 0.000 433 592.80 0.018 46.00 0.000 315 592.74 0.015 48.00 0.000 223 592.68 0.011 50.00 0.000 154 592.63 0.008 52.00 0.000 103 592.60 0.006 54,00 0.000 68 592.57 0.004 56.00 0.000 44 592.54 0.003 :�a 1-yr, 24-hr Design Storm Chifdrens Lighthouse BMP Type i! 24-hr One Rainfa11=3.00' Prepared by D. Eric Sutton, PE Printed 4/12/2011 HydroCAD09.00 s/n 02957 02009 HydroCAD Software Solutions LLC _ Page 3 Elevation Surf.Area Inc.Store Cum.Store feet s -ft cubic -feet cubic -feet 592.50 900 0 0 593.00 2,681 895 895 594.00 4,226 3,454 4,349 594.50 9,561 3,447 7,796 Device Routing Invert Outlet Devices #1 Primary 592.50' Special & User -Defined Head (feet) 0.00 1.00 2.00 3.00 Disch. (cfs) 0.000 0.061 0.085 0.109 #2 Primary 594.00' 20.0' long x 2.0' breadth Broad -Crested Rectangular Weir Head (feet) 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.50 3.00 3.50 Coef. (English) 2.54 2.61 2.61 2.60 2.66 2.70 2.77 2.89 2.88 2.85 3.07 3.20 3.32 Primary OutFlow Max=0.338 cfs @ 12.45 hrs HW=594.03' (Free Discharge) t1=Special & User -Defined (Custom Controls 0.074 cfs) 2= B road-C rested Rectangular Weir (Weir Controls 0.264 cfs @ 0.44 fps) Summary for Pond 2P: Forebay Primary = 0.000 cfs @ 0.00 hrs, Volume= 0.000 of Routing by Stor-Ind method, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Peak Elev= 0.00' @ 0.00 hrs Surf.Area= 0 sf Storage= 0 cf Plug -Flow detention time= (not calculated) Center -of -Mass det. time= (not calculated) Volume I nvert Ayail.S torage Storage Description #1 693.00' 1,054 cf Custom Stage Data (Prismatic) Listed below (Recalc) Elevation Surf -Area Inc.Store Cum.Store (feetL _ _ (sq-ft) (cubic -feet) (cubic -feet) 693.00 634 0 0 694.00 1,474 1,054 1,054 Device Routin Invert .Outlet Devices #1 Primary 694.00' 80.0' long x 2.0' breadth Broad -Crested Rectangular Weir Head (feet) 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.50 3.00 3.50 Coef. (English) 2.54 2.61 2.61 2.60 2.66 2.70 2.77 2.89 2.88 2.85 3.07 3.20 3.32 Primary OutFlow Max=0.000 cfs @ 0.00 hrs HW=0.00' (Free Discharge) t-1=Broad-Crested Rectangular Weir ( Controls 0.000 cfs) 10-yr, 24-hr Design Storm Childrens Lighthouse BMP Type li 24-hr Ten-24 hr Rainfall=4.89" Prepared by D. Eric Sutton, PE Printed 4/12/2011 H droCAD®9.00 s/n 02957 © 2009 H droCAD Software Solutions LLC Page 4 Summary for Subcatchment 1S: Existing Runoff = 2.061 cfs @ 12.33 hrs, Volume= 0.234 af, Depth= 2.53" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type II 24-hr Ten-24 hr Rainfall=4.89" Area (ac) CN Description 1.110 77 Woods, Good, HSG D 1.110 100.00% Pervious Area Tc Length Slope Velocity Capacity Description (min) (feet) (ftlft) (ft/sec (cfs) T 38.1 230 0.0260 0.10 Sheet Flow, Overland Woods: Light underbrush n= 0,400 P2= 3.12" Summary for Subcatchment 2S: Developed Runoff — 7.214 cfs @ 11.96 hrs, Volume= 0.349 af, Depth= 3.77" Runoff by SCS TR-20 method, UH=SCS, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Type II 24-hr Ten-24 hr Rainfall=4.89" Area (ac) CN Description 1.110 90 Normal CN 1.110 100.00% Pervious Area Tc Length Slope Velocity Capacity Description min feet ft/ft ft/sec cfs 5.0 Direct Entry, Summary for Pond 1 P: BMP Inflow Area = 1.110 ac, 0.00% Impervious, Inflow Depth = 3.77" for Ten-24 hr event Inflow = 7.214 cfs @ 11.96 hrs, Volume= 0.349 of Outflow = 5.932 cfs @ 12.00 hrs, Volume= 0.347 af, Atten= 18%, Lag= 2.7 min Primary = 5.932 cfs @ 12.00 hrs, Volume= 0.347 of Routing by Stor-Ind method, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Peak Elev= 594.24' @ 12.00 hrs Surf.Area= 6,743 sf Storage= 5,642 cf Plug -Flow detention time= 397.6 min calculated for 0.347 of (100% of inflow) Center -of -Mass det. time= 394.4 min ( 1,181.8 - 787.3 ) Volume Invert Avail.Stora a Storage Description ##1 592.50' 7,796 cf Custom Stage Data (Prismatic) Listed below (Recalc) 10-yr, 24-hr Design Storm Childrens Lighthouse BMP Type I! 24-hr Ten-24 hr Rainfafl=4.89" Prepared by D. Eric Sutton, PE Printed 4/12/2011 HydroCAD®9.00 s/n 02957 O 2009 HydroCAD Software Solutions LLC Page 5 _ _ Elevation Surf -Area Inc.Store Cum.Store (feet) - (soft) (cubic -feet) _ (cubic -feet) 592.50 900 0 0 593.00 2,681 895 895 594.00 4,226 3,454 4,349 594.50 9,561 3,447 7,796 Device Routing Invert Outlet Devices #1 Primary 592.50' Special & User -Defined Head (feet) 0.00 1.00 2.00 3.00 Disch. (cfs) 0,000 0.061 0.085 0.109 #2 Primary 594.00' 20.0' long x 2.0' breadth Broad -Crested Rectangular Weir Head (feet) 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.50 3.00 3.50 Coef. (English) 2.54 2.61 2.61 2.60 2.66 2.70 2.77 2.89 2.88 2.85 3.07 3.20 3,32 Primary OutFlow Max=5.918 cfs @ 12.00 hrs HW=594.24' (Free Discharge) tl=Special & User -Defined (Custom Controls 0.079 cfs) 2=Broad-Crested Rectangular Weir (Weir Controls 5.840 cfs @ 1.24 fps) Summary for Pond 2P: Forebay Primary - 0.000 cfs @ 0.00 hrs, Volume= 0.000 of Routing by Stor-Ind method, Time Span= 0.00-56.00 hrs, dt= 0.01 hrs Peak Elev= 0.00' @ 0.00 hrs Surf.Area= 0 sf Storage= 0 cf Plug -Flow detention time= (not calculated) Center -of -Mass det. time= (not calculated) Volume Invert_ Avail.Storage Storage_ Description #1 693.00' 1,054 cf Custom Stage Data (Prismatic) Listed below (Recalc) Elevation Surf.Area Inc.Store Cum.Store (feet) (sq-ft) (cubic -feet) (cubic -feet) 693.00 634 0 0 694.00 1,474 1,054 1,054 Device _Routi_ng _ Invert Outlet Devices #1 Primary 694.00' 80.0' long x 2.0' breadth Broad -Crested Rectangular Weir Head (feet) 0.20 0.40 0,60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.50 3.00 3.50 Coef. (English) 2.54 2.61 2.61 2.60 2.66 2.70 2.77 2.89 2.88 2.85 3.07 3.20 3.32 Primary OutFlow Max=0.000 cfs @ 0.00 hrs HW=0.00' (Free Discharge) t-1=Broad-Crested Rectangular Weir ( Controls 0.000 cfs) I -,, . N 4 (JKITED STATWEDDINGTON QUADRANCLE ES NORTH CAROUNA-SOUTH CAR013NA ,p , % DEPARTMENT OF THE INTERIOR 7.0 MINUTE SERIES (TOPOGPAPIVC) ,e'* o QEOLOOICAL SURVEY v go 123n*. .,­j �MZ�,E�,SC, .�jj I'm I .is: w . � 89-4v , � .11 �­"r,c L�) � .�It ! 42-p- ,­,W"�;­,:.,�, ,,,, 1� ' : , ­� FILST;. -�-� ;W 3S'l)7';n- J5.07,30: . I ,­,�- �� - I.% . . , - � ,,, '.. , � 4 � ; , . � . - ,. .'.',' 0. � P. '. ,4�. "'t.t , - - .-r-r ,., :� . j .? 1.i: I 'X :, ,1% . " ��4 i I" ?� , IV &,-!�Ic `1�r W ,�, '. 7.�, , ., , ,y��, "u •�: , . N ,� .; ..'� � ��"j � L ' --:',-'g " i �w. �kz 'L�., 7 X "' ". �,�.?,,`,'TWPIN:�. �, - - , , , , ,� , , �1; : ,�',.- ZI . � ?� . �;k ,� ." 1, I � .. I . .. . t". .�.%L.r� �. . 1�v, : , . . . ,­1 Y - 11, "i, , . ., � 1� - , 1 'L `3 ". 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M-1- I CON-OUff J�-.LM AL 10 FFrT ID,WC�W, g,'" band - N_& C-1- ,�­ "-.ad "11! I ,I. z .� Qmrw .W, ,77 U. � Rout. 1­9(ft R.I. UOh C­f.. -m-* "o... myth W. 1:. � alIVM or ZTA _.� .1 1�" �'U'.111.1t,.,.-.M-.,&�",�.,--17, --- . -.1 ,7 b ... 1927 � A-�n � I ,--- ,��X WEDDINCTON, N. C, - S. C. TO M" " " ploot Nom A- Q� IM � N L� -, - , - . . uowk�.tF.02, pV.N� N- 11) � � .W 17 ..N. -N.. �� M - . �� � by twh.d -- ao� IN'S MV moputs WN ftklw� M* .Mm�, ­�"m lli._­L�­ ". "o-, ",, ,iw,�m­�__ Ilk" MN XAL, AT U.S. GEOLOGIL16L SLWM -, , - ,.. -, �� � ,,, 'n , , , � _� " - - - .- ,,�, -1:1 07­'.�,­ ��.� R--dd-l�IWII-W�.W.Iww-.Mfwjll-i... nFLNvmcoLaK4w @= am AEBTor,"mw mo ,�­:;!�1V­1:.1�",....:_ :111�1�-`_, .1­1�:�V..,�­. 1p_q��­WphubWWc Thu �MH�M�Wh. . �. --- To� W­ AM VMMX3 a .v__ DM �,, X I ,�. � 'm . - .". lu w -On= �,, MrtLIli7ROitatR' . 6plrltliol'C1b1AiiltRltt:B AGREEIIDIENT FOR PURCEIASL AND SALE OF REAL. PROPERTY IR 4GAR596 North Comlfna Association arRE=ALToRg* THIS AGREEMENT, including any and all addenda attached hereto ("Agreement"), is by and between _Wore I.Olomo. or asshans a(n) InAWmal ("Buyer'), and (individual or State of formation and type of entity) Lonavlew South, LLC a(n) --North Carolina limited liability coMpany "Selieel. (individual or State of formation and type of entity) FOR AND IN CONSIDERATION OF THE Mt31i3AL PROM MES SET PORTH HEREIN AND OTHER GOOD AND YALUPLBLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES HWTO AGREE AS FOLLOWS: Section 1. Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent to each term. (a) =Mertv": (Address) portlon of property In NW quadrant of Intersection of Rea Road & Tom Short Road ©All HA portion of the prop" in Deed Reference: Book ^, 1491 . Page No. __ _2Ml urtlon County; consisting of approximately 5.69 acres. Plat Reference: Lot(s) _ . Block or Section _ , as shown on Plat Book or Slide at Paga(s) Unlon County, consisting of acres. $I If this box is checked, "Fropertr shall mean that property described on Exhibit A attached hereto and incorporated herewall by rdcrUUA (For information pugxncs, the tax panel number of the Property is: 06201007 (Portion, only) ) together with all buildings and improvements thereon and all fixtures and appurtenances thereto and all personal property, if any, itemized on Rxhiblt A. S 600,QOQ.00 (b) ';$,nrehase Price shall neon the sum of Rve Hundred Thousand and no1100 i:ollars, payable on ON follpwltrg knm S 20,000.00 (1) "Urnest Modev" shall mean TWW Thousand and no/100 — Dollars ar tarns as follows: Upon this Agreement becoming a contract in accordance with Section 14, the Earnest Money shall be promptly deposited in cscraw vh% _ Parham, Viet" hm firm _ (name of person/entity with whorn deposited), to be applied as part payment of the Purchasa Price of the Property at Closing, or disbursed as agreed upon under the provisions of Section 10 herein. Page 1 of a Thts form jointly approved by: STANDARD FORK SWT 113 North CamOna Bar Association Revined 712008 apt gyp, Nor& Caroltna Assoctatton of REALTORSID, Inc. ® 712009 Buyer Initials 1,0 Seller Initials Tth torn p.d=d by: #bMj&dWW1V 800AMM12 K ANY EARNEST MONEY DEPOSITED BY BUYER IN A TRUST ACCOUNT MAY RE PLACED IN AN INTEREST SEARING TRUST ACCOUNT, AND: {sleek only ONE b*4 H ANY INTE11"T XARNTED i MKONi SHALL BE APPLIED AS PART PAYMENT OF THE PURCHASE PRICE OF THE PROPERTY AT CLOSING, OR DISBURSED AS AGREED UPON UNDER THE PROVWONS OF SECTION 10 HEREIN. (Buyer's Taxpayer Identification Number Is: 1 ❑ ANY PMREST EARNED THEREON SHALL BELONG TO THIS ACCOUNT HOLDER IN CONSIDERATION OF THE EXPENSES INCURRED BY MAINTAINING SUCH ACCOUNT AND RECORDS ASSOCIATED THEREWITH. $ _ 40%000.00 (ii) Q�eeda of a newloan in the amount Dollars far a term of years, with an amortization period not to exceed years, at an interest rate not to exceed % per annum with mortgage loan discount points not to exceed % of the loan amount, or such other terms as may be sat forth on Exhibit B. Buyer shah pay all costs associated with any such mass. $ (iii) pellvery of a oromissory note secured by a deed of trust. said promissory note in the amount of Dollars being payable over a term of years, with an amortization period of years, payable In monthly installments of principal, together with accrued interest on the outstanding principal balance at the rate of _ percent (_ _ _ _ %) per anntun in the amount of $ , with the first principal payment beginning on the that day of tha toonth next succeeding the date of Closing, or auoh other terms as may be set fortis on Exhibit B. At any time, the promissory note may be prepaid in whole or is part without ponalty and without further interest on the amounts prepaid from the date of such prepayment. (MOTE: In the event of Buyer's subsequent default upon a promissory note and deed of trust given hereunder, Mier's remedies may be limited to foreclosure of the Property. If the deed of trust given hereunder is subordinated to senior flnanetn% the material terms of inch financing most be set forth on Exbiblt B. If such senior iibaneing is subsequently foredosed, the Seller may have no remedy to recover tinder the aoW) $ (iv) �l of that unpaid obligation of Seller secured by a deed of trust on the Property, such obligation having an outstanding principal balance of $ and evidenced by a note bearing interest at the rate of _ , _ porooat C-%) per annum, and a current payment amount of $ .The obligations of Buyer under this Agreement aro conditioned upon Sayer being able to assnma the existing loan described above. If such assumption requires the tendeea approval. Buyer agrees to use its beat efforts to secure such approval and to advise Seller immediately upon receipt of the leudees decision. Approval must be grated on or before . On or before this date, Buyer has the right to terminate this Agrocarmat for failure to be able to assume the loan described above by delivering to Seller written notice of tenuimation by the above date, dme being ofdw tl,' "os. If Buyer delivers such notice, this Agreement shall be null end void and Hamest Money shall be refunded to Buyer. If Buyer fails to deliver such notice, then Buyer will be deemed to have waived the loan condition. Unless provided otherwise in Section 3 bercof, Buyer shall pay all fees and costs associated with any such aasumptim including any asatmtption fee charged by the lender. At Closing, Seller shall assign to Buyer all interest of Seller in any current reserves or escrows held by the lender, any property mwmg=cnt company andlor Sailer, inchs3ing but not limited to any tenant improvement reserves, leasing commission tbawv% secarity deposits and operating or capital reserves for which Sella' snail be credited said annusts of Closing. S 80 ,000,00 (v) CL4}, balance of Purchase price, at Closing in the amount of Elghty Th Dollars. l?8gD 2 �li��f�7r-'r ft/ / STANDARD FORM 580-T Beyer Initials r) , I _ Seller Initials Revised 712608 ® 7/Z009 This tom PrA nd W #bHJXAWW O W4MAW shall mean the date and time of recording of the deed. Closing shall ncenr on or before March 15 2011 or (d) "Contract Date" means the date this anent has been fully executed by both Buyer and Seller. (e) "Examtnatiom^Peril shall mean the period beginning on the Contract Date Iliad extending through February 151 2011 72W IS OPTEEESSENCEASTip7]MEXtWMYTQNPB UOA (� '� rake "ab�all rmeatn: Kenn flan► Misting AgeW), Chris_ Berms - -- , . -._. ("Listing {gent°'- Licanso # 177376 Acting as: 9 Sellers Agent; ❑ Dnsl Agent and Carollna Commecial Oroup LLC _ ("Selling Agency'"), Richard Lane Mullis ("Selling Agent"- License # 87020 Acting Buyer's Agent; ❑ Sailer's (Sub) Agent; ❑ Duel Agent (9) "MCEMRAO AdftWahall be as follows: 7621 L t] venue Charlotte NC 28226 exaopt as same may be changed pmumt to Section 12. (h) `BMM13 Notice AddrovIr shall be as follows: CamIna CWkIcare Camoraygn, 10�8 Wnme Road _ -- Matthews, NC 28106 except as same may be changed pursuant to Section 12. ❑ (i) if this block is marked, additional terms of this Agreement we act forth on Exhibit B attached hereto and incorporated herein by reference, (Note: Under North, Carolina law, real estate agents are not permitted to draft cond1dow or comtinpudes to this Agreement.) Section 2. Sale of Property tad.Psysnont at Puxelnase Pdae: Seller agree& to tell and Buyer agrees to buy the Property for the purchma Price. Section 3. Proration of Expenses and Payment of Costs; Wier and Buyer agree that all property taxes (on a calendar year basis), lessee, rents, mortgage payments and utilities or any other assumed Liabilities as detailed on attached Exhibit B, if any, shall be prorated as of the date of Closing. Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's obligations under this Agreement, excise to (revenue stamps), any deferred or rollback taxes, and other conveyance fees or taxes required by law, and thm folkmin& Page 3 of B 67ANDARD FORM SWT Buyer Initials _ Seller Initials Revised 7/2008 ® V2909 trb can, poi ooa yr Aornuda r O eo""a Buyer shall pay recording coats, costs of any title search. title insurance, survey, the coat of any inspections of investigations undertaken by Buyer under this Agreement and the following: Each party shall pay its awn attwney's fees. Section 4. Dellverwr, Seller agrees to use best efforts to deliver to Bayer as soon as reasonably possible after the Contract Date copies of all information relating to the Property in possession of or available to Seller, including but not limited to: title insuranct policies, surveys and copies of all presently effective warranties or service contracts related to the Property. Seller authorizes (1) any attorney presently or previously representing Seller to release and disclose any title insurance policy in such ad mey's file to Buyer and both Buyer's and Seller's agents and attorneys; and (2) the Property's title insurer or its agent to release and disclose all materials in the Property$ title inaurcr=s (or title luurds agem's) file to Buys and both Buyer's and Seller's agents and attorneys. If Buyer does not consurotnate the Closing for any reason other than Seller default, anon Buyer shall return to Seller all materials delivered by Seller to Buyer pursuant to this Section 4 (or Section 7, if applicable), if any, and shall, upon Seller's request, provide to Sclltr copies of (subject to the ownership and copyright interests of the preparer thereof) any and all studies, reports, strveys and other information relating diroctly to the Property prepared by or at the request of Buyer, its employees and agents, and shall deliver to Seller, upon the release of the Earnest Money, copies of all of the foregoing without any warranty or representation by Buyer as to the contents, accuracy or corn inew thereof. Section S. IMilenee of 7111et Seller agrees to convey fee simple maritetable and insuuabla title to the Property fife and clear of all liens, encumbrances and defects of title other than: (a) zoning ordinances affecting the Property, (b) Leases (if applicable) and (c) mature of retard existing M the Contract Date that are not objected to by Buyer prior to the and of the Examination Period ("Permitted Exceptions"); provided that Seller shall be required to satisfy, at or prior to Closing, any onoumbrances that may be satisfied by tho payment of a fixed sum of money, such as deeds of trast, mortgages or statutory liens. Seller shall not enter into or record any instnameni that affects the Property (or any personal property listed on Exhibit A) after the Contract Date without the prior written consent of Sayer, which consent shall not be unreasonably withhold, conditioned or delayed. Section 6. Conditions: This Agreement and the rights and obligations of the parties under this Agreement are hereby made expressly core t eacd upon fulfillment (or waiver by Buyer, whether explicit or implied) of the following conditions: (a) New 1jano The Buyer must be able to obtain the loan. if any, referenced in Section l(b)(li). Buyer must be able to obtain a firm commitment for this loan on or before _ Februaiy 15. 2011 effective through the date of Closing. Buyer agrees to use its beat efforts to secure such commitment and to advise Seller immediately upon receipt of lendeet decision. on or before the above date, Buyer has the right to terminate this Agreement fur failure to obtain the loan mlemood. in Sett;iun 1(b)(it) by delivering to Seller written notice of termination by the above ditto, tbse behW ajthw essence. If Buyer delivers such notice, this Agreement shall be tuilt and void and Earnest Money shall be refunded to Buyer. If Buyer fails to deliver sack nodes, then Buyer will be dammed to have waived the loan condition. Notwithstanding the foregoing. sfier the above data, Seller may request in writing from Buyer a copy of the ommstitmot letter. If Buyer fails to provide Seller a copy of the co mmitntcnt letter within five (3) days of receipt of Seller's nxittest, then Seller may terminate this Agreerrnent by written notice to Buyer at any time thereafter, provided Sella has not then received a copy of the commitment letter, and Buyer shall receive a return of EarricA Macey. (b) OaallficrAos for FInaedng: If Buyer is to assume any indebtednan in connection with payment of the Purchase Prim Buyer agrees to use its but efforts to qualify for the assumption. Should Buyer fail to qualify, Buyer shall notify Seller in writing immediately upon lender's decision, whereupon this Agreement shell teavinate, and Buyer sball receive a return of Earnest Money. (c) 11@el to ndnatlim, After the Contract Date, Bayer shall, at Buyer's expense, canoe a title examiaaOon to be made of the Property belbre the and of the Examination Period. In the event flint such title wMadnaticm shall show drat Sellers tutor is not fee simple marketable and insurable, subject only to Permitted Exc000ns, then Buyer shall promptly notify Seller in writing of all arch title defects and exceptions, in no case laser than the end of the Examination Period, and Seller shall have thirty (30) days to cure said noticed dofecla. If Seiler does not cure the defects or objections while thirty (30) days of notice thereof, then Buyer may terminate this Agreement and receive a return of Batraoet Money (notwithstanding that the Examination Period may have expired). If Bayer is to purchase title insurance, the insuring company must be licensed to do busW= in the state in which the Property is located. Title to the Property must be insurable at regular rates, subject only to standard exceptions and Permitted Exceptions. (d) filtl9l ro,ttdiMM: If the Property is no in substantially the same condition at Closing as of the date of the offer, reasonable wear ad tear cxcopted, then the Buyer may (i) terminate this Agreement and receive a return of the Earnest Money or (ii) proceed to Closing whereupon Buyer shall be entitled to receive, in W&tiun to the Property, any of the Solid's inaurance proceeds payable on sccoutit of the damage or destruction applicable to the Property. Page 4 of I STANDARD FORM 590--T BuyerInitiaia� _, Seiler initials Revised 712008 D 711009 thr RM pro& hy: Fbnngdaw o aao.os.ast2 (e) jnsoectionst Buyer, its agents or representatives, at Buyer's expense and at reasonable times during normal business hews, shall have the right to enter upon the Property for the purpose of inspecting, examining, perforating soil boring and other testing, conducting timber cruises; and surveying the Property. Buyer ahall conduct all such on -site inspections, examinations. soil boring and other tasting, timber cruises and surveying of the Property in a good end workmanlike manner, shall repair any damage to The Property caused by Buyer's entry and cm -site inspections and shall conduct s=a in a manner that does not unreasonably interfere with Seller's oT any tenant's use and enjoyment of the Property. in that respect, Buyer shall melee reasonable efforts to undertake on - site inspections outside of the hours any tcnw&s busincss is open to the public and shall give prior notice to any tenants of any catty onto any tenant's portion of the Property for the purpose of conducting impectiow. Upon Seller's request, Buyer shall provide to Seller evidence of general liability insurance. Buyer shall also have a right to review and inspect all contracts at other agreements ai'focting or related daectly to the Property and shall be entitled to review such books and records of Seller that relate directly to the operation and maintenance of the Property, provided, however, that Buyer shalt not disclose any information regarding this Property (or any tenaut therein) ualcsa tequired by taw and the aunt: shall bs ragardad as eoaiideadsl, to arty person, except to its attorneys, accountants, lenders and other professional advisors, in which case Buyer shall obtain their agreement to maintain such confidentiality. Buyer assumes all responsibility for the acts of itself, its agents or mpressutatives in exercising im rights under this Section 6(f) and agrees to indevinify and hold Seller harmless from any damages resulting thercfrotn. This indemnification obligation of Buyer shall survive the Closing or earlier termination of this Agremrnentt. Buyer shall, at i3cyces cupcmc, promptly repair any damage to the Property caused by Buyer's entry and on -site inspections. Except as provided in Section G(c) above, Buyer shall have from the Contract Date through the end of the Examination Period to perform the above inspections, examinations and testing. IF BUYER CHOOSES NOT TO PURCHASE THE PROPERTY, FOR ANY REASON OR NO REASON, AND PROVIDES WRITTEN NOTICE TO SELLER THEREOF FWOR TO THE EXPIRATION OF THE EXAIVMATION PERIOD, THEN THIS AGRTEM "SHALL TIMMINATE, AND BUYER SHALL RECEIVE A RETURN OF THE EARNES 1 MONEY. Section 7. Lease's (Chock one of the fallowing, as applicable): X If this box is checked, Seller affirmatively represents and warrants that there arc no Leases (as hereinafter deSncd) affecting the Property. ❑ If this box is chocked, Seller discloses thatthwe are one or more lenses affeoting the Property (oral or written, recorded or not -"Leases") and the following provisions am hereby made a part of this Agreement (a) All Leases shall be itemized on Exhibit B; (b) Seller shall deliver copies of any Leases to Buyer pursuant to Section 4 as if the Leases were listed therein; (c) Seller represents and warrants that as of the Contract Date there are no current desfirults (or any existing situation which, with the passage of tune, or the giving o€notice, or both, or at the election of either landlord or tenant could constitute a default) either by Seller, as landlord, or by any teamd under any Lease ("Lease Default`). In the event there is any Lowo Default as of the Contract Date, Seller agrees to provide Buyer with a detailed description of the situation in accordance with Section 4. Seller agrees not to commit a Lease Default as Landlord after the Contract Data and agrees further to notify Buyer immediately In the event a 1,ease Default arises or is claimed, asserted or threatened to be asserted by either Seller or a tenant under the Lease. (d) In addition to the conditions provided in Section 6 of this Agreemcnt, this Agreement and the rights and obligations of the parties under this Agreement are hereby made expressly conditioned upon the assignment of Seller's interest in any Lease to Buyer in form and content accaptable to Buyer (with tenant's written consent and aclmowledgemc , if required under the Lease), and Seller agreas to use ita best afforta to affect such asahmment. Any assignment required under this Section 7 shall be required to be delivered at Closing by Sailor in addition to those deliveries required under Section 11 of this Agmernat (a) Seller agrees to deliver an assignment of any Lease at Closing, with any security deposits hold by Seller under any Leases to be transferred or credited to Buyer at Closing. Seller also agrees to execute and deliver (and worts diligently to obtain any tenant signatures nocossary for same) any estoppel certificates and subordination, nondisturbanco and atturnment agreements in such form as Buyer may reasonably request. StWou S. Ettsvlt;onmental: 3ellar represent¢ and wnxeanta that it hens rw acbaul ImawledBe of the prasane or dispersal, erxcopt as is accordance with applicable low, within the buildings or on the Property of hazardous or toxic waste or substances, which arc defined as those substarrm, materials, and wastes, including, but not limited to, those substances, materials and wastes liabcd in the United States Departrvent of Transportation hazardous Materials Table (49 CFR Part 172.101) or by the Bnvironnxxrtal Protection Agency as hazardous substances (40 CPR Part 302.4) and amendments thereto, or such substances, materials and wastes, which are or became regulated under any applicable local, state or fodorsl law, ioehrd rig , without limitation, any material, waste or substance which is Page 5 of 8 Buyer Initials _ U 1 Seller Initial$ _ Thi: b m pwmnd W. * 50e49aat2 STANDARD FORM 590-T Revised 712008 0 7/2009 (i) petroleum, (H) asbestos, (iii) polychlorinated biphenyls, (iv) designated as a Hazardous Substance pursuant to Section 311 of the Clean Water Act of 1977 (33 U.S.C. 11321) or listed pursuant to Section 307 of the Clean Water Act of 1977 (33 U.S.C. § 1317) (v) defined as a hazardous waste pursuant to Section 1004 of the Resource Conservation and Itecovery Act of 1976 (42 U.S.C. §6903) or (vi) defined as a hazardous substance pursuant to Section 101 of the Comprehensive 13nvitonrncntal Response, Compensation and Liability Act of 1980 (42 U.S.C. §9601). Seller has ao actual knowledge of any contamination of the Property from such substances as may have bean disposed of or stared on neighboring tracts. Section 9. NJ& of Lo&&/Damage1Repv&-. Until Closing, the risk of loss or damage to the Property, except as otherwise provided herein, shall be borne by Seller. Except as to maintaining the Property in its same condition. Seller shall have no responsibility for the repair of the Property, Including any lmprovetnents, umicss the parties hereto agree in writing. Seetioo 10. Earnest Money Disbursement in the event that any of the conditions hereto are not satisfied, or in the event of a breach of this Agreement by Seller, then rho Earnest Money shall be returned to Btuya�r, but such return shall not affect any other remedies available to Buyer for such breach. In the event this offer is accepted and Buyer breaches this Agreement, then the Harvest Money shall be forfeited, but such for%iturc shall not affect any other remedies available to Seller for such breach. NOTE: In the event of a dispute between Better and Buyer over the return or forfelturt orEarnest Money held in escrow by a licensed real estate broker, the broker is required by state law to retain said Earnest Money in its trust or escrow account until it has obtaimW a written release from the patties consenting to its disposition or until disbursement is ordered by a court of competent jralsdiction, or alternatively, the party holding the Earnest Money may deposit the disputed monies with the appropriate clerk of court in accordance with the provisions of N.C.G.S. §93A-12. Section 11. Closing: At Closing, Seller shall deliver to Buyer a general warranty deed unless otherwise specified on Exhibit B and ether document& customarily executed or delivered by a seller in similar transactions, including without limitation, a bill of sale for any personalty listed on Exhibit A, an owner's affidavit, lion waiver forms and a non -foreign status affidavit (pursuant to the Foreign Investment In Real Property Tax Act), and Buyer shall pay to Seller the Purchase Price. At Dosing, the Earnest Motley shall be applied as pot of the Purcbase Price. The Closing shall be held at the office of Buyces attorney or such other place as the parties hereto may mutually agree. Possession shall be delivered at Closing, unless otherwise agreed her®. Section 12. Notleea: Unless otherwise provided heroin, all notices and other communications which may be or are required to be given or made by any party to the Giber in connection hemwith shall be in writing and shall be deemed to have been property given and received on the data delivered in ptrsoa err depwttd in the Uniutd States maul, rtgi UmA or certified, retan receipt requested, to the addresses set out in Smdoa 1(g) as to Seller and in Scotian 1(h) as to Buyer, or at such other addresses as specified by written notice delivered in accordance herewith. Section 13. Entire Agreement: This Agreement constitutes the sale and entire agreement among the parties hereto and no modification of this Agreement shall be binding unless in writing and eigned by all parties he=. Section 14. Enforceability- This Agreement shall became a contract when signed by both Buyer and Seller and such signing is ootntnunieated to froth parties; it being expressly agreed that the notice described in Section 12 is not required for effective eornnnmication for the purposes of this Section 14. 't'bis Agreement chap be binding upon and mare to the benefit of the parties, their heirs, successors and assigns and their personal representatives. Section 15. Adverse Information and Complisoce vdth caws-. (a) Se ft 1{nnwledge: Seiler has no scwal knowledge of (i) aosndcannation(s) affecting or contemplated with aspect to the property; (ii) actions, suits or pmewdings pending or threatened against the Property; (iii) changes contemplated in any applicable laws, ordinancea or restrictions affecting the Property; or (iv) governmental special assessments, either pending or confirmed, for sidewalk, paving, water, sewer, or other improvements on or adjoining the Property, and no pending or firmed owners' association special asaessnnerrts, except as fbilows (rusen "None" or the identificatfun of any matters relating to p) through (iv) above, if any): None Note: For purposes of this Agreement, a "confirmed" special assessment is defined as an assessment that has been approved by a governmental agency or an owners' association for tho purpose(&) stated, whothcr or not it is fully payable at time of closing. A 'pending" special assessment is defined as an assessment that is under formal consideration by a governing body. Seller shall pay all owners' asaociallun asatuma" and all gorversrmcnlai trsaeasmetrts courted as of the brine a C;laaing, if any, and Buyer 3ha11 tako title subject to all pending assessments disclosed by Seller heroin, if any. Seller represeuts that the regular owners' association dual, if any, are S We per rda Page 6 of 8 Buyer Initials ' I Seller laitiais ids I= PO&Ud er• W0400e+2 STANDARD FORM 580-T Revised 7/2M 0717009 (b) GeoMnat ee: To Seller's actual knowledge, (i) Seller has complied with all applicable laws, ordinances, regulations, statutes, rules and restrictions pertaining to or affecting the Property; (ii) performance of the Agreement will not result in the, breach of, constitute any default under or result in the imposition of any lien or encumbrance upon the Property under any agreemut or other m instrucat to which Seller is a party or by which Seiler or the Property is bound; and (iii) there am no legal actions, suits or other legal or administrative proceedings pending or threatened against the Property, and Seller is not aware of any facts which might result in any such action, suit or otter proceeding, Section 116. Survival of Representations and WwTuntles: All represeaiations, warrantiea, covenants and agreements made by the parties hereto shall survive tho Closing and delivery of the deed. Seller sball, at or within six (6) months after the Closing, and without duther consideration, execute, acknowledge and deliver to Buyer such other documents and instruments, and take such other action as Buyer may reasonably request or as may be necessary to more effectively transfer to Buyer th c Property described herein in accordance with this Agreement. Section 17. Applicable Law: This Agreement shall be construed under the laws of the state in which the Property is located. This form has only been approved for use in North Carolina_ Section 18. Asstgnment: This Agreement is b eely assignable unless otherwise wg ressiy provided on Exbrsblt B. Section 19. Tax -Deferred RYchange: In the event Buyer or Seller desires to effect a tax-(leferred exchange in connection with the conveyance of the Property, Buyer and Seller agree to cooperate in effecting such exchange; provided, however, that the exchanging party shall be responsible for all additional costs associated with such exchange, and provided f uthor, that a non -exchanging party shall not assumo any additional liability with respect to such tax -deferred exchange. Seller and Buyer shall execute such additional documents, at no cost to the non -exchanging party, as shall be required to give effect to this provision. Section 20. Memotrwnti Da of Contrert. Upon iregnest by mullet party, tbepasties hereto aball execne a memt+ramdmm of contract in recordable form setting forth such provisions hereof (other than the Putehase Price and other sums due) as either parry may wish to hmrporata. Such memorandum of contract shall contain a statement that it automatically tcuninatcs and the Property is released from any effect thereby as of a specific date to be stated in the memorandum (which sped& date shall be no later than the date of Closing). The coat of recording such memorandum of contrast shall be barns by the patty ttquost ing execution of soma. Section 21. Authority: Each signetary to this Agreement represents and warrants that he or ahe has full authority to sign this &SrcemmA and such inatrumenta as may be awessery to effectuate any transaction mnta:mplated by this Agreement an behalf of the party for whom he or she signs and that his or bar signature binds arch party. Section 2L Brokers: Except as expressly provided herein, Bayer and Seller agree to indemnify and bold each other harmless from any and all claims of brokers, consultants or real estate agents by, tbrough or under the indemnifying party for fees or commissions arising out of the sale of the Property to Buyer. Buyer and Seller represent and warrant to each other that: (J) except as to the Brokers designated under Section 1(1) of this Agreement, they have not employed nor engaged any brokers, consultants or real estate agents to be involved in this transaction and (ii) that the compensation of the Brokers is established by and shall be governed by separate agreements entered into as amongst the Brrokers, the Buyer and/or the Shccr. ❑ )t;I MWfNTHLTIC STUCCO if the adjacent box is chucked, Seller discloses that the Property has been clad previously (either in whole or in part) with an "exterior insulating and finishing system" eomrnonly known as " EIFS" or "synthetic stucco". Seller raabcea no reproseutationa or warranties regarding such system and Buyer is advised to make its own independent determivabons with respect to conditions related to or occasioned by the existence of such materials at the Property. THE NORTH CAROLINA ASSOCIATION OF RBALTORM, INC. AND TM NORTH CAROLINA BAR ASSOCIATION MAKE NO REPRESENTATION AS TO THE UMAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIRC TRANSACTION. IF YOU DO NOT UNDEMTAND THIS DORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR MAL NEEDS, YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN rf. Pogo 7 of 8 STANDARD FORM 580-T Buyer Initials 01 Seller Initials Revised 712008 ® M009 nm km poauosa * Forri*tw♦ wD4P arz BUYER: Individual gig_j iyam 1. 010010 Date: q (9 Date,; Bnflness Entity (Marne of Entity) By: Name. Title: SELLER. Individual Date: Date: Business Entity Lonavtew South, LLC izAt by: *k-- Name: Steve Puckett Tide: Date: Date: . The underslg r4lereby aeltnncwWges receipt of the Earnest Money set forth herds and agrees to held old $arrest Money to accordance with the terms hereof. (Name ofFinn) Date: By: 65r j n F y�ca .?"c>�i n. 4, . �7'{� z l�l goes page 8 of 8 STANDARD FORM 580-T Ira. rwmme er F� snaua m�� Revised 712408 Q W2009 ADDENDUM TO AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY the "Contract" T1EIIS ADDENDUM is made and entered into this Ck day of OCiP6 1., 2010, between, LONGVIEW SOUTH, LLC, hereinafter referred to as "Seller" and OYORE I. OJOMO, hereinafter referred to as "Buyer", and is incorporated in and made a part of that certain Agreement for Purchase and Sale of Real Property dated (the "Contract"), providing for the sale and purchase of certain real property located in Union County, North Carolina and being further described in the Contract. l . CONFLICTING TERMS: The terms of this Addendum shall prevail over any conflicting terms contained within the Contract. 2. EXAMINATION PERIOD: The Examination Period shall end at midnight on February 15, 2010. After the end of the Examination Period, Buyer shall have no right to terminate the Contract unless such right is expressly set forth in the Contract and after the expiration of the Examination Period, Buyer shall have no right to terminate the Contract based on its ability (or inability) to obtain financing or obtain financing on any particular terms. 3. AS IS: Except for any representations and warranties expressly set forth in the Contract, the Property is being sold by Seller and purchased by Buyer in an "AS IS" condition and Seller makes no representations and warranties whatsoever, express or implied, as to the condition of the Property, including the presence of any hazardous or toxic materials upon or within the Property. Except for any representations and warranties expressly set forth in the Contract, Seller makes no representations whatsoever concerning any compliance with or violation of zoning, building, fire, health, environmental or other statutes, ordinances or regulations relating to the Property, or its existing or intended use. Buyer has or will satisfy itself during its due diligence period that the Property is suitable for its intended purposes and is satisfied that the condition of the Property, specifically but not limited to the zoning and environmental condition of the Property, are acceptable in their current condition. "Actual knowledge" as such term is used in the Contract shall mean the actual knowledge of Bill Neal without any inquiry or investigation and shall not include any imputed knowledge. 4. EARNEST MONEY; CLOSING; TITLE EXAMINATION. In the event of a default under the Contract by Seller, the sole and exclusive remedy available to Buyer shall be to pursue the remedy of specific performance. In the event of a default under the Contract by Buyer, the sole and exclusive remedy available to Seller shall be to terminate the Contract and be paid the Earnest Money as liquidated damages, the amount of Earnest Money being the parties best estimate of the actual damages that would be incurred by Seller if Buyer defaults under the Contract, actual damages being difficult if not impossible to ascertain. At Closing, Seller shall deliver a Special Warranty Deed rather CHAB211270297v2 than a General Warranty Deed. Except for monetary liens, Seller shall have no obligation to cure any or cause any title defects or exceptions to be removed. MISCFLLANEOUS: Time is of the essence with respect to every provision of the Contract. 6. PREPARATION OF PLANS AND SURVEY PLAT. Seller has previously prepared and, within three (3) business days of the full execution of this Contract, will furnish to Buyer copies of (a) the boundary survey of the Property, together with all easements and rights of way of record which affect any of the Property, and (b) the vested Site Plan associated with Seller's zoning materials previously approved by Union County, and including any utility plan showing the locations of existing any proposed utility lines to serve the Property. A. During the Examination Period, Buyer shall engage a third party engineering firm (the "Engineering Firm"), to provide the preliminary planslinvestigative reports for the following categories (the "Preliminary Engineering Plans"): (i) the proposed Subdivision Survey Plat necessary to subdivide the approximately 5.59 acre tract Property. (ii) soil borings to determine if property is suitable for construction using standard footings, slab, and paving methods. (iii) Phase I environmental report as required by lender. (iv) the engineering plans associated with the "Buyer's Site Improvements" (see Par. 2 below), and (v) the engineering plans associated with the portions of the Drainage System to be located solely on the Buyer's Property, as well as the portions of the Detention Pond Area to serve Buyer's property ("Buyer's Detention Pond"). B. The Subdivision Survey Plat shall be based upon the property outline sketch attached to the Contract as Exhibit At, showing the (i) "5.59 acre tract", (ii) 1.98 acre "restaurant tract", and (iii) 3.06 acre remaining tract. The area shown as "1.5+/- acres Footprint Area" refers to the estimated footprint area (currently estimated by Buyer at 1.45 acres) of usable area required for the footprint of a prototype day care center consisting of 12,200 sf day care center and associated 8,000 sf playground area to be located behind the day care facility, and associated parking and entrance area. Regardless of whether the actual Footprint Use Area is greater or less than the indicated 1.5 acre amount, the parties agree that there will not be any purchase price adjustment based on this revised footprint area. C. In locating the Buyer's Detention Pond, Seller and Buyer agree that this detention pond area will be located either: (i) on Buyer's 5.59 acre tract, where both the 12,000 sf playground area and detention pond can be located at the western rear of the 1.5 acres Footprint Area in compliance with NC building code requirements, or (failing this requirement), Io 6W CHARZU7029M (ii) on Seller's adjacent property located to the west of the 5.59 acre tract, within the Marvin Ridge zoning jurisdiction, with Seller to furnish a permanent easement for this location without further cost or expense to Buyer. Buyer and Seller will attempt to agree on the proposed location of the Buyer's Detention Pond within 10 business days of submittal of the Buyer's engineer's sketch (to be submitted no later than October 30, 2010 ), showing its proposed location (either on the 5.59 acre tract or the Seller's adjacent property). In the event for any reason the parties are unable to come to an agreement on its location this Contract shall automatically terminate and upon such termination, neither Buyer nor Seller shall have any further liability or obligation to the other except for the indemnity obligations of Buyer under Section 6(e) of the Contract. In the event of agreement, the parties will initial and attach. a Rider page to this Contract designating the approved location ("Approved Rider Page"). Unless expressly agreed to by Buyer in the Approved Rider Page, the Buyer's Detention Pond will not be designed to jointly serve any portion of the Seller's Restaurant Tract (which will be served by a separate detention pond facility). D. During the Examination Period, Buyer shall submit to Seller for approval a proposed Subdivision Survey Plat, which approval shall not be unreasonably withheld so long as these plans are substantially consistent with the existing approved zoning (or as the zoning may be amended during the Examination Period), and so long as the property boundaries set forth in the Subdivision Survey Plat substantially conform to the 5.59 acre tmet boundaries shown on Exhibit A. In the event of a reasonable disapproval by Seiler, the Buyer shall have a thirty (30) day opportunity to revise and resubmit the Subdivision Survey Plat for Seller's reasonable approval. Upon approval, the Engineering Firm shall promptly prepare the final Subdivision Survey Plat and associated engineering drawings consistent with the proposed plat. If Seller and Buyer are unable to agree on the Subdivision Survey Plat for any reason on or before the end of the Examination Period, then either Buyer or Seller shall have the right to terminate this Contract and upon such termination, neither Buyer nor Seller shall have any further liability or obligation to the other except for the indemnity obligations of Buyer under Section 6(e) of the Contract. E. Subdivision Approval During Inspection Period. Seller agrees to cooperate with Buyer during the Examination Period in connection with Buyer's efforts to obtain all necessary regulatory approvals necessary to complete the Subdivision Approval. Notwithstanding the foregoing, Seller shall not be required to (a) incur any cost or liability in connection with such cooperation or (b) be obligated to execute any application or petition or enter into any agreement that would be binding upon the Property if Buyer does not proceed to Closing and purchase the Property. BUYER SITE IMPROVEMENTS. Buyer shall be solely responsible for completing any and all site improvements (the "Buyer Site Improvements"), including, without limitation, the following: a) installation of all utility services necessary for the commencement of the day care center use of the Property (generally including sanitary sewer, storm sewer, water, CHAP2%1270297v2 electric power and natural gas) to the property line of the Property, including payment of all tap fees or similar charges. b) installation of a storm drainage and sanitary sewer system to serve the Buyer's Property (the "Drainage System"). e) Buyer's curb cut and entrance drive area, which Buyer will locate within the Property and not within the 36' access drive area shown on Exhibit Al ("Buyer's Entrance Improvements'). Buyer shall have no responsibility for any other roadway improvements, including (i) any deceleration lane along Rea Road as shown on the Stantec Site Plan, or (ii) any turning lane off of Rea Road, or (iii) the entrance driveway shown on the Site Plan (the "Access Drive"), extending from Rea Road to the westerly boundaries of the Restaurant Tract and the Buyer's Property as shown on Exhibit A2. Installation of any Access Drive features shall be at Seller's sole option and expense. d) Further provided, that Buyer will reasonably assist Seller, at no additional cost or expense to Buyer, in any efforts by Seller to request, from NCDOT, a new median cut in the public right of way of Rea Road, to allow a left hand turn into the Seller -retained Restaurant Tract e) In the event, during the Examination Period, Buyer determines that a deceleration (or stacking) lane will be required by NCDOT, in order to obtain access to the curb cut to be located within the Buyer's property, Buyer shall give Seller written notice of this requirement, and if the parties cannot, for any reason, reach a satisfactory agreement regarding the deceleration lane prior to the end of the Examination Period, then either Buyer or Seller shall have the right to terminate this Contract and upon any such termination, neither Buyer nor Seller shall have any further liability or obligation to the other except for the indemnity obligations of Buyer under Section 6(e) of the Contract. 8. CONSTRUCTION FOLLOWING CLOSING A. During the Examination Period, Buyer shall submit to Seller a reciprocal easement agreement which shall permit the 5.59 Acre Tract to have general utility easements over and across the remaining tracts, as well as general access easements (but no parking) across the Restaurant Tract to Rea Road ("REA Agreement"). If the form and substance of such REA Agreement is agreed upon by the parties during the Examination Period, then the parties will enter into a Reciprocal Covenant agreement affecting all 3 tracts (which will be recorded), and the reciprocal easement agreement shall permit the 5.59 Acre Tract to have general utility easements over and across the remaining tracts, as well as general access easements (but no parking) across the Restaurant Tract to Rea Road. If for any reason, the parties do not agree on the form and substance of the REA Agreement prior to the end of the Examination Period, then either Buyer or Seller shall have the right to terminate this Contract and upon any such termination, neither Buyer nor Seller shall have any further liability or obligation to the other except for the indemnity obligations of Buyer under Section 6(e) of the Contract. i 1 V CHARM 27029M B. No Competing Day Care Site. The REA Agreement will further provide that, for a period of ten (10) years following the date of Closing and so long as a day care center is open and operating on the Property, no portion of the remaining portion of the 34.35 acre tract referenced in the Stantec Site Plan (or other, adjacent properties affiliated by ownership with Seller) will be developed or occupied for a purpose which includes the provision of day care services. 9. CONFIDENTIAL NATURE. The parties hereto stipulate and acknowledge that the subject matter of this contract is considered to be conirdential in nature, and agree not to discuss or divulge its terms to third parties other than in the course of necessary professional services in connection with Buyer's due diligence activities or other activities directly related to a parry's performance under the terms of this Contract. 10. FURTHER ASSURANCES. Seller shall, after execution hereof and for so long as this Contract is in force, perform such acts, execute such documents, and otherwise perform so as to allow the planning for and development of the project. Upon request by Purchaser, Seller shalt provide reasonable assurance thereof as necessary to carry out the intent and purpose of Seller's affirmative covenants herein. 11. ASSESSMENTS. Any assessment, special or otherwise, imposed on the property prior to the date of closing shall be the obligation of Seller and shall be paid in full on or before Closing(s). 12. TERMINATION RIGHT. The occurrence of the following, at any time prior to Closing, shall permit Buyer to elect, in its sole discretion to terminate this Contract: (a) prior to Closing but after the end of the Examination Period, Buyer shall have received notification of a moratorium or denial on issuance of any license, permit authorization, or approval for water or sewer capacity as it affects the Property by federal, state, county or municipal authorities having jurisdiction over the Property. (b) prior to Closing but after the end of the Examination Period, conditions or restrictions are placed on the development of the Property as contemplated by this Contract, by federal, state, or county or municipal bodies, laws, regulations or ordinances, which would cause a delay in developmerri of the Property or delay in obtaining a building permit or certificate of occupancy, and which Seller has not satisfied or otherwise cured so as to prevent such delay; 13. SELLER'S COOPERATION. During the pendency of this Contract and at all times before and after the Closing Date, Seller agrees to cooperate with Buyer in regard to all proceedings related to any development order, zoning/master planning, and development and construction permitting for the Property. Seller further agrees to consent to, and to promptly execute when required as owner or mortgagee, such plans, applications, and other requests for governmental approval, and amendments thereto, which may be prepared by or at the direction of the Buyer; incident to the planting and development of the Property. Notwithstanding the foregoing, Seller shall not be required to (a) incur any �.0 cynR1E270297Q #e cost or liability in connection with such cooperation or (b) be obligated to execute any application or petition or enter into any agreement that would be binding upon the Property if Buyer does not proceed to Closing and purchase the Property. 14. NATURAL AMENITIES. Seller acknowledges that the natural amenities of the Property constitute a material inducement to purchaser for entering into this Contract and, therefore, Seller agrees to take no action to remove or destroy the natural amenities, specifically, the tree canopy and rolling contour of the land, and soil, in its natural condition. Seller further agrees not to cut, clear, excavate, fill, dump or dispose of any materials, or engage in any development activity of any kind on the Property (except as specifically required hereunder) during the pendency of this Contract. 15. MARKETING ACTIVITIES. With the prior approval of Seller, Buyer shall be permitted, during the Examination Period, to conduct certain marketing and pre -marketing activities related to Buyer's intended development of the Property, which may include the placement of certain marketing signage of Buyer on the Property. 16. STUDIES AND OTHER MATERIALS_ Within 5 days after the execution of this Contract, Seller shall provide Buyer with all copies or originals within its control or possession of all correspondence, reports and other documents involving the Property which are in the possession or control of Seller, including but not limited to all governmental approvals; environmental reports; soils reports; marketing or other studies; surveys and planning studies; flood plain analyses; all aerial photographs, topographical maps or studies; all oil, gas, mineral or water studies, analyses, evaluations or exploration reports; all engineering studies and plans, mylars, sepias; all abstracts of title, title opinions, title insurance policies and all other title document pertaining to the Property and all other documents or instruments which relate to the condition or developability of all or any portion of the Property. If as to any specific items, the foregoing would work a material inconvenience on Seller, in lieu. thereof, Seller shall permit Buyer, its agents and employees, to examine and make copies or prints of such items during all normal business hours, and shall provide facilities for these purposes. Thereafter, Seller shall promptly provide Buyer with any such additional items or materials, or copies thereof, as may come into Seller's possession or control. [Remainder of Page Intentionally Left Blank] CHARZ k 27D2970 IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the Ol day of CC tt) by v , 2010. BUYER: '�pw - -- Iyore 1. Ojomo Date: oq [ay ljo SELLER: LONGV W OUTH, LL By: hv--- w4or.�4� Name: Title: Date: CHAR21127D297v2 11111111 NIN I - I - . I ... I - - . . r , JN Il . Mi o";.4 6-g W'- O'n mm; �R �3t qvt­ v RM 1 7 . ....... 77- ARM .S WIN V.. 0-:z M, O "MY •S.'>,': $� 7- C Y - 4 ti �. (.. Spy h >i., ! / A. 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