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2005 S Purchasing - Orange Enterprises
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2005 S Purchasing - Orange Enterprises
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Last modified
6/7/2011 11:21:45 AM
Creation date
10/8/2010 12:41:04 PM
Metadata
Fields
Template:
BOCC
Date
4/12/2005
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
8a
Document Relationships
Agenda - 04-12-2005-8a
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 04-12-2005
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2. The County shall provide the following building support and operational support <br />to Orange Enterprises: <br />Year Building Support Operational Support <br />2004-2005 $525,000 $43,175 <br />2005-2006 $100,000 $73,175 <br />2006-2007 $100,000 $73,175 <br />2007-2008 $100,000 $73,175 <br />2008-2009 0 $63,175 <br />2009-2010 0 $53,175 <br />3. Orange Enterprises shall purchase the Premises for the sum of $950,000 and make <br />the necessary improvements to the Premises in the amount estimated to be $300,000 in order to <br />improve and upfit the Premises to accomplish the other obligations of Orange Enterprises as <br />contained in this Agreement. The Premises maybe subjected to a deed of trust in favor of a <br />commercial lending institution in an amount not to exceed $715,000 BUT NO OTHER without <br />the written consent of the County. <br />4. Orange Enterprises agrees to insure the Premises for its replacement value, pay all <br />taxes, assessments, utilities and other charges on the property and keep the property at all times <br />properly maintained as specifically provided in paragraph 7 of this Agreement. <br />5. Orange Enterprises makes the following additional representations as an <br />inducement to and the basis for its undertakings and the County's agreement to provide the <br />building support and operational support as provided herein. These representations are covenants <br />7 <br />
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