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RES-2017-058 Resolution approving leasing property at 401 Valley Forge Rd., Hillsborough, NC, for up to ten years
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RES-2017-058 Resolution approving leasing property at 401 Valley Forge Rd., Hillsborough, NC, for up to ten years
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Last modified
3/5/2019 2:46:51 PM
Creation date
9/20/2017 3:23:23 PM
Metadata
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BOCC
Date
9/19/2017
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
8d
Document Relationships
Agenda - 09-19-2017 - 8-d - 401 Valley Forge Road Property Lease Modification – Builders FirstSource
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2017\Agenda - 09-19-2017 - Regular Mtg.
Minutes 09-19-2017
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
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A9F 9-m-don <br /> RES-2017-t2-0s ?CL <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 /> M rk orosin, air <br /> Orange Coun Bo ommissioners <br />
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