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STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />AGREEMENT <br /> <br /> THIS AGREEMENT is made and entered into this the ~ day of . ,2001, <br />by and between the COUNTY OF CABARRUS (hereinafter referred to as "County") and <br />the CABARRUS COUNTY BOYS & GIRLS CLUB, INC. (hereinafter referred to as the <br />"Club"). <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 hereby <br />acknowledged by each party and upon the premises contained herein, the parties 'agree as <br />follows: <br /> <br /> Article I. 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, Cabarms 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 , 2001 the parties hereby <br />agree that the County shall lease the Property from the Club 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 time 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 shall deliver possession of <br />the Property to the County on ,2001. <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 Termination. 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 /> <br />