Agenda - 02-20-2001-9b - Laserfiche WebLink

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EXHIBIT A LEASE AGREEMENT CHAPEL HILL CITY BOARD OF EDUCATION, INC. BEING. all that tract of land containing 16.62 acres, more or less, located in Chapel Hill Township, Orange County, North Carolina; and bounded, now or formerly, by natural boundaries and/or owned be and/or in possession of persons as follows: On the north and east the Chapel Hill City Board of Education, Inc., on the south by University of North Carolina at Chapel Hill, and on the west by K.R. Proctor and H.H. Yates; and being more particularly described by courses and distances according to a drawing by Corley Redfoot Zack, Inc. entitled Athletic Fields for Chapel Hill/Carrboro Board of Education Homestead Road, project number 9818, sheet LA. 1, dated 1/11/01, as follows: BEGINNING at the northeast comer of the University of North Carolina at Chapel Hill tract as recorded in deed book 1752 at page 32 and a common corner with th e Chapel Hill City Board of Education, Inc., thence with the Chapel Hill City Board of Education, Inc. the following two calls: (1) S00°-58'-06"W, 740.62 feet to an iron pipe, and (2) SOV- 00'-19"W, 473.94 feet to an iron pipe; thence new lease lines across University of North Carolina at Chapel Hill property the following six calls: (1) West, 438.12 feet to a 'point, (2) N49°-31'-27"W, 145.30 feet to a point, (3) N49°-29'-45"W, 159.53 feet to a point, (4) N47°-48'-30"W, 67.41 feet to a point, (5) with a curve to the left having a radius of 230.00 feet a chord bearing and distance of N54°-02-53"W, 50.00 feet to a point, and (6) N60°-17'- 15"W, 24.39 feet to an iron pipe; thence with K.R. Proctor the following three calls: (1) with a curve to the left having a radius of 910.39 feet a chord bearing and distance of N27°-23'-O1 "E, 96.48 feet to an iron pipe, (2) with a curve to the left having a radius of 187.67 feet a chord bearing and distance of N24'-22'-20"E, 32.20 feet to an iron pipe, and (3) with a curve to the left having a radius of 915.37 feet a chord bearing and distance ofN20°-31'-28"E, 89.79 feet to an iron stake; thence with I-I.H. Yates the following four calls: (1) N17°-38'-50"E, 166.52 feet to an iron pipe, (2) with a curve to the left having a radius of 6260.00 feet a chord hearing and distance of N 16°-59'-48"E, 149.06 feet to an iron pipe, (3) S89°-01'-54"E, 130.59 feet to an iron pipe, and (4) NOO°- 58'-06"E, 430.87 feet to an iron pipe; thence with the Chapel Hill City Board of Education, Inc. N89°-54'-07"E, 481.33 feet to the BEGINNING iron pipe. For reference purposes for source of title see: deeds in book 1752 at page 32 and book 1750 at page 470.