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This instrument has been preaudited in the manner required by the
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<br /> Local Government Budget and Fiscal Control Act.
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<br /> " 530 p 122, - "'"' ..‘" BON g AI - .A /1
<br /> ,-7 . Ag....Gordon Baker
<br /> ' Orange County Finance Director
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<br /> NORTH CAROLINA
<br /> LEASE/PURCHASE CONTRACT
<br /> i ORANGE COUNTY
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<br /> This lease agreement entered into this the d
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<br /> ,. • day of ,Adidb , 1985 by and between Carr's Supermarket,
<br /> Inc. , 41(Orafge County, North Carolina, hereinafter referred
<br /> to as Lessor and Orange County, North Carolina, hereinafter
<br /> referred to as Lessee,
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<br /> WITNESSET H:
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<br /> ,- Lessor hereby agrees to lease and sell the property i
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<br /> described below to Lessee upon the following terms and }'
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<br /> conditions:
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<br /> d 1. The Property. The propert \
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<br /> to be sold is a tract and parcel of land - w /
<br /> r= M improvements located thereon, located in 1 \ j
<br /> 1 County, North Carolina and more partic!
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<br /> ,C.I.:4% e_, / follows:
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<br /> t„, g gel, (33Z Y. /3. 13. 2. 04-. ,
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<br /> -- g BEGINNING at a concrete monument, the Southeast corner of the
<br /> A. W. Kenion estate, which said marker is located North 5 !„
<br /> 8 deg. 44 min. East 75.85 feet from an iron stake on the North •
<br /> side of U. S. Highway. No. 70, the Northeast corner of Paul i.
<br /> Collins, running thence from said beginning point with the
<br /> line of Kenion North 5 deg. 44 min. East 300.20 feet to a i
<br /> concrete monument; thence continuing with Kenion North 43
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<br /> c= deg. 13 min. East 334.72 feet to an iron stake in the center ,.
<br /> 6 2 of the old Cedar Grove-Hillsborough Road; thence along the
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<br /> . a= center of said Road Sodth 22 deg. 20 min. East 229.15 feet to
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<br /> an iron stake, the Northeast corner of the 011ie Cooper lot;
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<br /> 4J thence with Cooper South 67 deg. 40 min. West 128 feet to an
<br /> iron stake; thence with Cooper South 8 deg. 57 min. East 97.7
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<br /> . c..3 feet to an iron stake; thence continuing with Cooper North
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<br /> 67 deg. 40 min. East 150 feet to an iron stake in the center
<br /> . ;....z. of the old Cedar Grove-Hillsborough Road, thence with the
<br /> center of said Road South 22 deg. 20 min. East 280 feet to an
<br /> iron stake in the Northeast corner of W. John Clayton; thence
<br /> with Clayton, Hall and Hogan North 87 deg. 42 min. West
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