Agenda - 06-30-1997 - 8hh - Laserfiche WebLink

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J STATE OF NORTH CAROLINA LEASE AGREEMENT COUNTY OF ORANGE THIS LEASE,made and entered into this the day of 1997, by and between the COUNTY OF ORANGE, party of the first part, hereinafter designated as Lessor,and the STATE OF NORTH CAROLINA,party of the second part,hereinafter designated as Lessee; WITNESSETH: THAT WHEREAS, the party of the first part owns a tract or parcel of land atop Eno Mountain in Orange County,North Carolina,that is desirable as a location for the installation and operation of a communications facility to be owned and operated by the Lessee. WIMREAS,the Lessee leases a tract of land atop Eno Mountain in Orange County from the Lessor according to a lease agreement dated March 13, 1947; WHEREAS,the Lessee wishes to extend the term of the lease agreement,and dispose of the Fire Tower located on the]eased premises; WHEREAS,the Lessor wishes to use a portion of the lease premises to provide an area for lease to Norfork Southern Railroad Company to establish communications for a high speed public rail service; and, WHEREAS,the parties hereto have mutually agreed to the terms of this lease agreement as hereinafter set out, WHEREAS,the execution of this agreement for and on behalf of the State of North Carolina has been duly approved by the Governor and Council of State at a meeting held in the City of Raleigh,North Carolina,on the 9th day of May,1996;and, NOW,THEREFORE,in consideration of the mutual promises hereinafter set forth,Lessor does hereby grant and let unto Lessee for and during the term and under the terms and conditions hereafter specified, and the night and privilege to maintain a Communications Broadcast Facility inclusive of buildings,antenna support tower,with antennas and other necessary accessories, upon said property. 1. The lease agreement dated March 13, 1947, shall be terminated by consent of both parties on June 30,1997. 2. The terra of this lease shall be for a period of forty(40)years beginning on July 1,