OTHER-2021-005 Lease of Land for the High Rock Waste and Recycling Center

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E' i Prepared by : Joseph E . Herrin, Orange County Attorney ' s Office Mail after recording to . Robert Williams , Orange County Solid Waste, P . O . Box 17177 , Chapel Hill, NC 27516 i % C' NORTH CAROLINA LEASE AGREEMENT AND RIGHT OF FIRST REFUSAL ORANGE COUNTY THIS AGREEMENT made and entered into this ) day of wC , 20 �� , by j and between Orange County, a body politic and corporate of the State of North Carolina, (hereinafter called the " County") , and RLSL Walters Properties , LLC (hereinafter called the " Owner") , WHEREAS , on May 16 , 2012 , the County and Elizabeth T . Walters entered into a certain lease ("the 2012 lease ") recorded in Book 5368 at Page 576 , Orange County Registry, whereby Elizabeth T . Walters leased to the County for a period of ten ( 10) years , commencing July 1 , 2012 , the premises known and described in Deed Book 220 at Page 195 , Orange County Registry, WHEREAS , on May 14 , 2014 , Elizabeth T . Walters and Roland L . Walters acquired by North Carolina Warranty Deed recorded in Deed Book 5793 at Page 500 , Orange County Registry, the 10 . 01 acres identified as "Tract A" on a plat recorded in the records of the Orange County Register 1% of Deeds at Plat Book 84 , Page 152 ("the Property") ,* WHEREAS , on September 28 , 2017 , RLSL Walters Properties , LLC , acquired by North Carolina General Warranty Deed recorded in Deed Book 6374 at Page 181 , Orange County Registry, the Property subject to the 2012 Lease ; WHEREAS , the County intends to make significant improvements to the solid waste convenience center located on the Property at a substantial financial investment , WHEREAS , the parties have mutually agreed to the termination of the existing lease of the premises upon the " effective date" as indicated below, of the new lease of the premises described herein, subject to the terms and condition of this lease agreement ("Lease Agreement") ; WITNES SETH : The Owner hereby agrees to lease the property described herein to the County upon the following terms and conditions . 1 . The Premises . The premises herein leased is a tract and parcel of land, together with all improvements located thereon, located in Cedar Grove Township , Orange County, North Carolina and more particularly described in Deed Book 220 at Page 195 , Orange County Registry .