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<br />_Jl',~.~( l'i r'!l:t /f..,u\.} <br /> <br />U.:L0U'j:U <br /> <br />CABARRUS COUNTY HC <br />fILED <br />04/19/2002 3:16 PM <br />LIND.~ f. MCABEE <br />Register Of Deeds <br />By. -.Jw Deputy/Asst. <br />EXCISE TAX $0.00 <br /> <br />A A: I L661- <br />THIS AGREEMENT is made and entered into this the IS day of. C"" , -wG-l., <br />by and between the COUNTY OF CABARRUS (hereinafter referred to as 'Coumy") and <br />the CABARRUS COUNTY BOYS & GIRLS CLUB, INC. (hereinafter referred to as the <br />"Cl ub"). <br /> <br />STATE OF NORTH CAROLINA <br /> <br />COUNTY OF CABARRUS <br /> <br />AGREEMENT <br /> <br />WITNESSETH: <br /> <br />WHEREAS, the County desires to provide recreational services, programs and <br />facilities for the welfare of its citizens; and <br /> <br />WHEREAS, the Club agrees to lease to the County a 50.14 acre tract for a public <br />camp and recreational area, commonly known as Camp Spencer,. to provide greater leisure <br />opportunities for the citizens of Cabarrus County, North Carolina; and <br /> <br />WHEREAS, this agreement is intended to set forth certain responsibIlities and <br />obligations between the County and the Club relating to the lease and development of the <br />Property. <br /> <br />NOW, THEREFORE, upon valuable consideration, the receipt of which is bereby <br />acknowledged by each party and upon the premises contained herein, the parties agree as <br />follows: <br /> <br />Article L The Lease of the Property <br /> <br />1.0 The Property. The Club is the owner of property totaling approximately 50.14 <br />acres on Rimer Road, Cabarrus County, North Carolina, commonly known as Camp Spencer, <br />a survey and/or boundary map of which property is attached hereto as Exhibit "A", and <br />hereafter referred to as the "Property". <br /> <br />1.1 Lease of the Property. Beginning J V\ I", I , ~Lthe parties hereby <br />agree tllat the County shall lease the Property from the bub for a period of twenty-five (25) <br />years at an annual rent of $1.00 per year payable January 1 of each year (hereinafter the <br />"Lease"). The Property shall be used for camp development and recreational purposes. The <br />County shall not be permitted to enter into any subleases of the Property without written <br />consent of the Club. However, use of the Property as a public facility, as set forth herein, <br />which may from tlIne to time result in third party use of the Property for a fee, shall not be <br />construed as subletting for purposes of this agreement. The Club shaJ] deliver possession of <br />the Property to the County on ~ \ VI. \ '" , ,~. 2-60"L <br />1.2 Extensions. The County will have the option of negotiating an extension of a <br />minimum of up to two, twenty-five (25) year extensions to the original term of this Lease. <br />1.3 Tennination. Upon the expiration or other termination of this Lease, the <br />County shall surrender the Property to the Club in good condition, ordinary wear and tear <br /> <br />+:-1 <br />