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Agenda - 06-18-2024; 8-q - Lease of Property to TowerCo to Build a Communications Tower
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Agenda - 06-18-2024; 8-q - Lease of Property to TowerCo to Build a Communications Tower
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6/13/2024 2:42:49 PM
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BOCC
Date
6/18/2024
Meeting Type
Business
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Agenda
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8-q
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18 <br /> Prepared by and return to: <br /> Jason Catalini <br /> TowerCo <br /> 5000 Valleystone Drive, Suite 200 <br /> Cary,North Carolina 27519 <br /> (Recorder's Use Above this Line) <br /> STATE OF NORTH CAROLINA ) <br /> PARCEL NO.: 9867419070 <br /> COUNTY OF ORANGE ) <br /> MEMORANDUM OF GROUND LEASE AGREEMENT <br /> This Memorandum of Ground Lease Agreement ("Memorandum") is entered into <br /> on this day of , 2024, by and between ORANGE COUNTY, NORTH <br /> CAROLINA, having a mailing address of 300 West Tryon Street, Hillsborough, NC 27278 <br /> (hereinafter referred to as "Lessor") and TOWERCO 2013 LLC, a Delaware limited liability <br /> company having a mailing address of 5000 Valleystone Drive, Suite 200, Cary, North Carolina, <br /> 27519 (hereinafter referred to as "Lessee"). <br /> 1. Lessor and Lessee entered into that certain Ground Lease dated the day of <br /> , 2024 (the "Lease") for certain real property and easements as described in <br /> Exhibit B attached hereto (collectively,the "Premises"),which are a portion of that certain parcel <br /> of real property located in Hillsborough, County of Orange, State of North Carolina, described in <br /> Exhibit A attached hereto (the "Land"). <br /> 2. The Lease shall have an initial term of five (5)years,with four(4) additional five (5)year <br /> renewal terms. <br /> 3. The purpose of this Memorandum is to give record notice of the Lease and of the rights <br /> created thereby, all of which are hereby confirmed. In the event of a conflict between the terms of <br /> this Memorandum or the addition of any terms in this Memorandum which are not contained in <br /> the Lease, the Lease shall control. The terms of the Lease are hereby incorporated by reference. <br /> (REMAINDER OF PAGE LEFT INTENTIONALLY BLANK) <br /> 1 <br /> TowerCo Site Name:Kenion Road <br /> TowerCo Site Number:NC0326 <br />
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