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Item 8-g - Assignment of Leasehold Interest to Chapel Hill Carrboro City Schools
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Item 8-g - Assignment of Leasehold Interest to Chapel Hill Carrboro City Schools
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10/12/2018 10:51:25 AM
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BOCC
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10/16/2018
Meeting Type
Regular Meeting
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Agenda
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8-g
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Agenda - 10-16-2018 Regular Board Meeting
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\BOCC Archives\Agendas\Agendas\2018\Agenda - 10-16-2018
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2 <br /> Prepared by: <br /> Parker Poe Adams&Bernstein LLP <br /> P.O.Box 389 <br /> Raleigh,NC 27602 <br /> Return to: <br /> Parcel ID: 9777-99-9032 <br /> Cross Index With:Book 1849,Page 546; <br /> Book 1861,Page 586 <br /> ASSIGNMENT AGREEMENT <br /> THIS ASSIGNMENT AGREEMENT ("Assignment") is made effective as of this <br /> day of , 2018 ("Effective Date"), by ORANGE COUNTY, NORTH <br /> CAROLINA ("Assignor"), with an address of P.O. Box 8181, Hillsborough, NC 27278, and the <br /> CHAPEL HILL — CARRBORO CITY SCHOOLS BOARD OF EDUCATION ("Assignee"), <br /> with an address of 750 South Merritt Mill Road, Chapel Hill,NC 27516. <br /> WHEREAS, Assignee was the previous owner of that property located at 225 Culbreth <br /> Road (Parcel ID # 9777-99-9032), Chapel Hill, Orange County, North Carolina, and being <br /> further described in that certain deed recorded in Book 5743, Page 496 in the Orange County <br /> Register of Deeds ("Registry") ("Assignor's Property"); and <br /> WHEREAS, Assignee and GTE Mobilnet of Raleigh Incorporated ("GTE Mobilnet"), <br /> entered into that certain Light Standard Lease Agreement dated October 23, 1998 (as assigned, <br /> the "GTE Mobilnet Lease"), whereby Assignee leased to GTE Moblinet an approximately 864 <br /> square feet parcel of Assignor's Property (together with access easements, utility easements, and <br /> rights of way, being the "Leased Premises"). Notice of the GTE Mobilnet Lease is provided by <br /> Culbreth BU 814444/ <br /> Chapel Hill BU 813283 1 <br /> PPAB 4354410x2 <br />
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