Agenda - 12-03-2007-4o - Laserfiche WebLink

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i~. STATE OF NORTH CAROLINA COUNTY OF ORANGE LEASE AGREEMENT TH15 LEASE AGREEMENT, made and entered into this the day of 2007, b and between ORANGE COUNTY, hereinafter designated as Lessee, anc -THE STATE OF NORTH CAROLINA ON BEHALF OF THE iJNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, .Chapel Hill, North Carolina ,hereinafter designated as Lessor; WITNESSETH: THAT WHEREAS, authority to approve and execute this lease ageernent was delegated to the Department of Administration by resolution adopted by the Governor and Council of State on the 1st day of September, l 981; and amended the 8t day of September, 1999 WHEREAS, the Department of Administration has delegated to this State agency the authority to execute this lease ageement by a memorandum dated the 26 day of March 1982; and WHEREAS, the parties hereto have mutually agreed to the terms of this lease agreement as hereinafter set out, NOW THEREFORE, in consideration of the rental hereinafter agreed to be paid and the terms and conditions hereinafter set forth, Lessor does hereby let and lease unto Lessee and Lessee hereby takes and leases from Lessor for and during the period of time and subject to their terms and conditions hereinafter set out certain space in Orange County, North Carolina, mare particularly described as follows: Being approximate)y 13,000 square feet of land on which is located the County's Animal Shelter Building and parking for no more than 40 vehicles on approximately 0.63 areas, together with anon-exclusive right tQ use Municipal Dnve and any temporary access road that may be later constructed by Lessor. The property is located at 1801 Martin Luther King Jr. B1vd/Historic Auport Road, Chapel Hill, Orange County, North Carolina as shown on the attached map in Exhibit A. THE TERMS AND CONDITIONS OF THIS LEASE AGREEMENT ARE AS FOLLOWS: 1. TO HAVE AND TO HOLD said leased premises for a term of two {2) years commencing on the 1st day of January, 2007 or as soon thereafter as the leased premises are ceded to Lessee and terminating an the December 31, 2008. 2. The Lessee agrees to pay to the Lessor upon execution of this Lease Agreement at the UNC-CH, Property Office, CB# 1060, 215 West Cameron Ave., Chapel Hill, North Carolina 27599-1060, the rental fee for the above described property of ONE DOLLARS {$1.00) per term. 3 The Lessee shall pay all of the required property taxes and assessments legally imposed on the property owned by the Lessee and covered by this Lease, and shall be responsible for paying any insurance the Lessee may desire to carry an the said