Agenda - 09-05-2013 - 6b - Laserfiche WebLink

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Site Name: Phelps NC Site Number: 280138 LEASE AGREEMENT THIS LEASE AGREEMENT ( "Agreement ") is made effective as of the date of the latter signature hereof (the "Execution Date') and is by and between Landlord and American Tower. RECITALS A. WHEREAS, Landlord is the owner of that certain parcel of land (the Property') located in the County of Orange, State of North Carolina, as more particularly described on Exhibit A; B. WHEREAS, Landlord desires to grant to American Tower an option to lease from Landlord a portion of the Property (the "Compound), together with easements for ingress and egress and the installation and maintenance of utilities (the "Easement" and together with the Compound, the "Site ") both being approximately located as shown on Exhibit B; and NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt, adequacy and sufficiency of all of which are hereby acknowledged, the parties hereto hereby agree as follows: 1. Business and Defined Terms. For the purposes of this Agreement, the following capitalized terms have the meanings set forth in this paragraph 1. (a) American Tower: American Towers LLC, a Delaware limited liability company (b) Notice Address of American Tower: American Towers LLC c/o American Tower Corporation 10 Presidential Way Woburn, MA 01810 Attn: Land Management with a copy to: American Towers LLC c/o American Tower Corporation 116 Huntington Ave. Boston, MA 02116 Attn: Law Department (c) Landlord. (d) Notice Address of Landlord. (e) Initial Option Period. Six (6) months. Orange County, North Carolina Orange County Attn: County Manager P.O. BOX 8181 Hillsborough, NC 27278 (f) Renewal Option Period(s): Up to two (2) periods of ninety (90) days each. (g) Option Period: The Initial Option Period and any Renewal Option Period(s) {SK011162.DOCX 2 11