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EXHIBIT B <br /> m <br /> b b <br /> CAROLINA MEMORANDUM OF AGREM43 T W <br /> TO CONVEY LAND c'-3 r) <br /> C.. <br /> F pIZANGE 0 y <br /> r � <br /> S MO;MiORAIMUH OF AGREEMENT TO CONVEY LAND (the "Memorandum") is made ?G <br /> en as of 1994 by and between ORANGE COUNTY COMMUNITY HV <br /> 66aPORATION, a nonprofit corporation duly incorporated under the m a <br /> the State of North Carolina ("Seller"), and the COUNTY OF ORANGE, t� <br /> Iia, a body politic and corporate existing under North Carolina z a <br /> purchaser"); d� <br /> x�'x <br /> WITNESSETH: <br /> jMREAS, Seller and Purchaser have entered into a Facilities/Services o <br /> td <br /> went dated as of 1994, (the "Agreement") .wherein Seller 0 H <br /> Wo eagreed, among other things, to sell and convey to •Purchaser, and co <br /> user has agreed to purchase and accept conveyance of that tract of <br /> tM <br /> n:Orange County, North Carolina, more particularly described on <br /> Uk t_A attached hereto and incorporated herein by reference (the <br /> roperty"); and, Seller and Purchaser desire that the Memorandum be <br /> girded in the Orange County, North Carolina Public Registry; <br />-ekc-` t2: o <br /> TBSREFORE, KNOW ALL MEAT BY THESE PRESENTS, that Seller, in y '-4 <br /> IS ideration of the mutual covenants and promises contained in the t� <br /> ceement .and for other good and valuable considerations, receipt of which <br /> hereby acknowledged, hereby grants unto Purchaser the right to purchase C � <br /> f-Property pursuant to the terms of the Agreement. The right to purchase <br />! Property and the obligation to sell and convey the Property pursuant to <br /> i,Agreement shall not expire until the date provided in the Agreement O <br /> Ich is after but which date shall be no later than <br /> Inty-one (21) years after the date of the death of the last surviving <br />►ear descendant now living of Donald P. Ubell, Ashley L. Hogewood, Jr. y <br />!;Charles B. Lee, Jr., all of Mecklenburg County, North Carolina. <br /> J►Q?5 H <br /> d'IN WITNESS NBEREOF, the undersigned have caused this Memorandum to be x <br /> y:executed and the seals affixed hereto on this day H <br /> 1994. <br /> R� PURCHASER: <br /> COUNTY COMMUNITY COUNTY OF ORANGE, NORTH <br /> MTY CORPORATION CAROLINA y <br /> t� <br /> s• b <br />,— <br /> By: <br /> President Chairman, Board of z <br /> County Commissioners <br />-ST: ATTEST: <br /> By: <br /> Secretary Clerk <br /> [CORPORATE SEAL] [COUNTY SEAL] <br /> 98 <br />