Agenda 10-19-2021; 8-g - Approval of a Lease for the Historic Norwood Law Office – 135 Court St., Hillsborough, to the Preservation Fund of Hillsborough, Inc.

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RES-2021-063 Attachment 3 17 ORANGE COUNTY BOARD OF COMMISSIONERS RESOLUTION LEASING PROPERTY UP TO TEN YEARS Whereas, Orange County owns the historic Norwood Law Office, located at 135 Court Street, Hillsborough, NC 27278, comprising approximately 270 unconditioned square feet (the "Premises"); and Whereas, The Norwood Law Office, built c. 1830, was purchased by Orange County in 1925 at the time it was preparing to develop a large new jail, built in 1926; and Whereas, Orange County has utilized the Norwood Law Office for a variety purposes since 1925, including as the first office of the Agricultural Extension Agent; and Whereas, The Historic Preservation Fund of Hillsborough, Inc. desires to lease the Norwood Law Office, Hillsborough, Orange County, North Carolina, for the purpose of maintaining the interior historic exhibit room for the public benefit; and Whereas, The Historic Preservation Fund of Hillsborough, Inc. raised private funds to pay for the cost of critical structural repairs and the full restoration of the Norwood Law Office in 1997, and Whereas, The Historic Preservation Fund of Hillsborough, Inc., will pay an annual rent of $100 over the course of an initial 3 year term with automatic renewal for one three (3) year term; and Whereas, North Carolina General Statute 160A-272 authorizes the lease of county- owned properties for terms of up to ten years upon resolution of the Board of Commissioners at a regular meeting after thirty days' public notice; and Whereas, in consideration of the annual rent and the need to continue to preserve the historic Norwood Law Office, the Board of Orange County Commissioners desires to lease the building to The Historic Preservation Fund of Hillsborough, Inc., the required notice has been published and the Board of Commissioners is convened at a regular meeting; NOW THEREFORE BE IT RESOLVED that the Board of Orange County Commissioners hereby approves the lease of the County property described above to The Historic Preservation Fund of Hillsborough, Inc., for a term of three years commencing November 1, 2021, with the option to renew for up to one three (3) year term, approves the signed lease, and directs the execution, registration, and filing of all necessary instruments accordingly. This the 19th Day of October, 2021. Renee Price, Chair Orange County Board of Commissioners