Agenda - 07-06-1987 - Laserfiche WebLink

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)) frr---)) 7 PAGE 1 74/77 LEASE This lease agreement, dated the sixth day of July, 1987, by and between the County of Orange, hereinafter called the County and Grey Moody, hereinafter called the Owner. WITNESSETH: The Owner hereby leases to the County and the County hereby leases from the Owner, the following described property, sometimes hereinafter referred to as the leased premises to-wit: All that certain lot or parcel of land situated in the Town of Carrboro, Chapel Hill Township, Orange County, North Carolina and more particularly described as Tract 3 in the July 28, 1986 deed from Grey B. Moody and wife Jeanette W. Moody to Grey B. Moody, which deed is recorded in Book 590 Page 541 of the Orange County Register of Deeds. It is understood and agreed, however, between the County and the Owner that contained within the leased premises are an office building and twenty-four (24) parking places and that nine (9) of the parking places are now to be located on the south side of the office building and within a twenty (20) feet wide access easement along the south property line of the leased premises. It, is further understood and agreed between the County and the Owner that should the Owner request that the County cease to use the south side of the office building for parking purposes that the County will do so provided the Owner makes available to the County at least nine (9) additional parking places off the leased premises, but located on property adjacent to the leased premises, abutting it and on the same side of Laurel Avenue as the lease premises. 1. TERM: The term shall commence on the 6th day of July, 1987 and end on the 30th day of June, 1992 , on the terms and conditions set forth herein.