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i <br /> 3 <br /> Prepared by and return to: _Wayne R. Hadler, Beemer, Hadler&Willett, P.A. <br /> DECLARATION OF COVENANTS, CONDITIONS <br /> AND RESTRICTIONS OF <br /> DRAKEFORD LIBRARY COMPLEX CONDOMINIUM PROJECT, A CONDOMINIUM <br /> This DECLARATION, made on the date hereinafter set forth by TOWN OF CARRBORO, <br /> a North Carolina municipal corporation, hereafter referred to as the "Town" and THE COUNTY <br /> OF ORANGE,a North Carolina county,hereafter referred to as the"County",the Town and County <br /> are collectively, the "Declarant.," or"Parties". <br /> WITNESSETH: <br /> WHEREAS, Declarant is the owner of certain property located on the east side of South <br /> Greensboro Street, Chapel Hill Township, Orange County, North Carolina, and more particularly <br /> described ars follows he-re-in "Pr-opeA54 in Exhibit "A" attached hereto and incorporated herein by <br /> reference. <br /> BEING all of that pr-eper-ty eansisting of 0.937 aer-OS,MOre OF less,as skown on a map and sur-vey eatitled"Pr-akefar-d <br /> Sutweys,!no.,last r-evised Mar-eh 3,2025,and r-eeor-ded in Plat Beek_,Page—Orange County Registly,to whieh <br /> mapis€€r-efiee is made€ei-mixer-€pareisular-d€ssr-iption of safne. Ppi;! 1778 85 '712'1 <br /> WHEREAS, Declarant has planned, designed and constructed an approximately 124,685 <br /> gross square foot building, site improvements and associated parking including a multi-level <br /> parking deck on the Property, and now wishes to create condominium units or "units" as those <br /> are defined under the provisions the North Carolina Condominium Act and to convey the same <br /> to the Town and County subject to the covenants, conditions and restrictions herein reserved to <br /> be kept and observed and that incorporates and reflects to the extent possible the terms and <br /> 47 <br />