Agenda - 06-03-2008-4u - Laserfiche WebLink

Browse Search

NORTH CAROLINA COUNTY OF ORANGE SECOND LEASE AGREEMENT RENEWAL WHEREAS, a lease agreement (hereafter referred to as "the Agreement") was made and entered into on or about the 21St Day of December, 1987 by and between Orange County (hereinafter referred to as "Lessee") and John Thomas Walker and Martha Latta Walker (hereinafter referred to as "Original Lessor") for property on Walnut Grove Church Road to be used as a solid waste collection site. The Agreement was recorded at Book 702, Page 591 of the Orange County Registry; and WHEREAS, the Agreement was renewed as amended by a Lease Agreement Renewal recorded at Book 3049, Page 280 of the Orange County Registry (hereafter referred to as "First Renewal Agreement"); and WHEREAS, Randy Spencer and Theresa Kelly Stone purchased the leased Property from the Original Lessor by a General Warranty Deed Recorded in Book 3619, Page 194 and are thereby bound as successors in interest to the Agreement and the First Renewal Agreement; and WHEREAS, Randy Spencer and Theresa Kelly Stone (hereinafter "Lessor" or "Owner") desire to renew the Agreement as amended by the First Renewal Agreement and by this Second Lease Agreement Renewal; and WHEREAS, Lessee desires to renew the Agreement as amended by the First Renewal Agreement and by this Second Lease Renewal Agreement. NOW THEREFORE, the Lessee and the Lessor mutually agree to the following: 1. The first.paragraph of the Agreement and the Lease Agreement Renewal shall be modified to replace the names of the Original Lessor and Owner with the names of "Randy Spencer and Theresa Kelly Stone" as Lessor and Owner under the respective documents. 2. Section 2 of the Agreement as amended by the First Renewal Agreement shall be modified to read as follows: "The second lease renewal will commence July 1, 2008, and will continue through June 30, 2013, excepting either Lessor or Lessee may terminate the lease upon