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CLAREMONT—The City of Claremont approved Monday night a development agreement with Apple Inc. to annex land into the city for a new solar farm.

Apple’s initial investment in the 100-acre, 17.5 megawatt solar farm is $55 million. And the tech giant’s project will create 75 indirect jobs during construction. City Manager Doug Barrick said Apple agreed to use source jobs locally, if possible.

The agreement was approved by Claremont City Council.

The property is located at 3123 Kelly Blvd., Claremont, which is not in the city’s corporate limits right now. All of the property is in the city’s extraterritorial jurisdiction. But Barrick said the city agreed to annex the land.

According to the Catawba County website, the market value of the land is more than $1.4 million.

A separate resolution passed Monday approved a land swap between Apple and the city. Two tracts of land bordering Kelly Boulevard between Penny Road and South Depot Street were given to the city from Apple. They were earmarked for greenways, public recreation and other public purposes. Their combined value is more than $92,000.