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37 <br /> RES-2017-023 Attachment 4 <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION LEASING PROPERTY UP TO TEN YEARS <br /> Whereas, Orange County owns the Real Property located at the 401 Valley Forge <br /> Road, Hillsborough, NC 27278, comprising approximately 105,000 square feet of <br /> warehouse space and approximately 10 acres of distribution yard space (the <br /> "Premises"); and <br /> Whereas, Builders FirstSource-Atlantic Group, Incorporated, a Michigan Corporation, <br /> desires to renew its lease of the Premises; and <br /> Whereas, Builders FirstSource-Atlantic Group, Incorporated provides significant <br /> economic impact to the citizens and residents of Orange County; and <br /> Whereas, Builders FirstSource-Atlantic Group, Incorporated provides valuable services <br /> to the citizens and residents of Orange County valued at $24,500.00 per month and the <br /> lease and any renewal will reflect an in-kind payment; and <br /> Whereas, North Carolina General Statute 160A-272 authorizes the lease of County- <br /> owned properties for terms of up to ten years upon resolution of the Board of <br /> Commissioners at a regular meeting after thirty days' public notice; and <br /> Whereas, in consideration of the valuable services provided to the citizens and <br /> residents of Orange County by Builders FirstSource-Atlantic Group, Incorporated valued <br /> at $24,500.00 per month, the Board of Commissioners of Orange County desires to <br /> amend the Premises to Builders FirstSource-Atlantic Group, Incorporated, the required <br /> notice has been published and the Board of Commissioners is convened at a regular <br /> meeting. <br /> THEREFORE BE IT RESOLVED, that Board of County Commissioners hereby <br /> approves the amendment to the lease of the County property described above to <br /> Builders FirstSource-Atlantic Group, Incorporated for a term of ten years commencing <br /> October 1, 2017 with two potential consecutive renewal terms of five years each, ratifies <br /> the signed lease, and directs the execution, registration, and filing of all necessary <br /> instruments accordingly. <br /> This the 19th Day of September 2017. <br /> Mark Dorosin, Chair <br /> Orange County Board of Commissioners <br />