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Agenda - 11-28-1977
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Agenda - 11-28-1977
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Last modified
7/7/2015 12:08:29 PM
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7/7/2015 12:06:44 PM
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BOCC
Date
11/28/1977
Meeting Type
Work Session
Document Type
Agenda
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Minutes - 19771128
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\Board of County Commissioners\Minutes - Approved\1970's\1977
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Page 2 <br /> NOW, THEREFORE, in consideration of the aforesaid, the <br /> mutual co enants and conditions hereinafter set forth, and the <br /> capital participation by the Town in the development of the <br /> recreational fields owned by the Board of Education, the Board <br /> of Education does hereby :Let and lease unto the Town and the Town <br /> does here y accept as Lessee of the Board of Education those <br /> certain p emises consisting of the Lincoln gymnasium and shop <br /> building ituated on the west side of Merritt Mill Road in the <br /> Town of C apel Hill, and more particularly described as follows : <br /> The gymnasium facility as shown on the Attachment A to this <br /> Lease Agreement consisting of a 60 X 90 foot gymnasium and related <br /> facilities , and being a portion of Wing C as designated thereon <br /> together ith the shop building consi_stizig of ____ square feet. <br /> TO HAVE AND TO HOLD said premises unto the Town upon the <br /> terms and the conditions hereinafter set forth: <br /> l.. Term. This Lease Agreement shall begin as of the lst day of <br /> January, 1978, and unless sooner terminated as provided herein shat <br /> exist and continue for a period of thirty (30) years thereafter <br /> until the 31st day of December, 2007, <br /> 2. Rents . As rental, for said premises , Town agrees to pay to <br /> the Board of Education without demand the sum. of ONE DOLLAR ($1. 00) <br /> per year, in advance, during the term of this Lease. <br /> 3. lm ro ements . As a part of the consideration for this Lease <br /> Agreement, Town agrees at its own costs and expense, to close the <br /> connecting entrance ways between the gymnasium facility and the <br /> remainder of the Lincoln Center structure. as shown on Attachment A <br /> in such manner as shall be satisfactory to the Board of Education., <br /> and insofar as possible to divide the utilities serving said premiss <br /> it being Understood and agreed that these improvements are <br /> mandatory prior to the use of the premises under this LAPAP All <br />
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