2015-105 Orange County - Town of Hillsborough - Wayfinding Sign Placement and Maintenance License Agreement

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lb North Carolina Orange County LICENSE AGREEMENT This WAYFINDING SIGN PLACEMENT AND MAINTENANCE WSE AGREEMENT ("License Agreement"), made this 5� day of Joc,,� , by and between Orange County, a political subdivision of the State of North C rolina, whose address is 200 South Cameron Street, P.O. Box 8181, Hillsborough, NC 27278 (hereinafter"Licensor" or "County"), with, to, and for the benefit of the Town of Hillsborough, a municipal corporation of the State of North Carolina, whose address is 101 East Orange Street, P.O. Box 429, Hillsborough, NC 27278 (hereinafter"Licensee"or"Town"). WITNESSETH: For good and valuable consideration, and subject to the terms and conditions hereinafter set forth, the Licensor does hereby license unto the Licensee and Licensee does hereby accept the limited use of and access to Licensor's property identified by PIN 9874-05-9541 (the "Property") as set forth herein. Licensee desires, and Licensor authorizes Licensee, to construct and install two (2) wayfinding signs on the Licensor's property as part of the Town Riverwalk at two (2) locations located on the Licensor's Property as shown on Exhibit 1, attached hereto and described as follows: 1. Riverwalk wayfinding sign number nine to be installed at the approximate location shown on Exhibit 1 as "Sign 9 *". 2. Riverwalk wayfinding sign number ten to be installed at the approximate location shown on Exhibit 1 as "Sign 10 *". Licensee shall be responsible for maintaining the two (2) signs as nearly as possible in their current condition and location except as noted in section (d) below. In consideration of the foregoing and subject to the terms and conditions described herein, the Licensor does hereby grant unto the Town the right and privilege and license over, upon, and through the Property to construct, install, re-construct, maintain, repair, modify, or remove the two (2)freestanding signs designed and intended to assist the public on the Riverwalk, and (b) to maintain the signs as nearly as possible in their current condition at the two (2) sign locations noted above together with a right and license to go upon the Property whenever the same is reasonably necessary for the purposes of constructing, inspecting, maintaining, and repairing said signs. IT IS UNDERSTOOD AND AGREED by the parties that: a. Said License shall commence on the date first above recorded and will continue until such time as it is terminated pursuant to the terms of this License Agreement.