AG 1999 02 15 - Laserfiche WebLink

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CASAF~F~]S COUNI~ ~]~ ~' ~ C~iLINA February 9, 1999 To~ From: Subject: Cabarrus County Deputy Manager Cabarrus County Manager Cabarms County Board of Commissioners Mr. Steve L. Little, Director Cabarrus County Parks and Recreation Department Proposed Lease Agreement between Cabarrus County and Church of God Children's Home As stated in the approved agreement relating to the proposed park on Orphanage Road, dated October 19, 1998 between Cabarrus County and the City of Kannapolis, Cabarrus County shall make good faith efforts to seek out and acquire additional property adjoining to park, by purchase, lease or otherwise, which property, upon acquisition, shall become part of the park. Attached is a proposed lease agreement between Cabarrus County and the Church of God Children's Home of North Carolina. The Church of God Children's Home is the owner of two tracts of property totaling approximately 44 acres on the southside of Orphanage Road. This proposed lease from the Church of God Children's Home for 44 acres (light blue/green color on attached map) and the adjoining leased land from the City of Kannapolis for 45 acres (dark green color on attached map) combines for a total park site of 89 acres. On November 19th and December 1st, Cabarrus County officials and Church of God Children's Home leaders formally reviewed the proposed joint park site. With collaborative effects by the Church of God Children's Home and Cabarrus County a proposed lease agreement was composed for this joint park project. The following are major points of the lease agreement: Twenty year lease agreement to Cabarrus County for 44 acres. Cabarrus County has an option of negotiating an extension of a minimum of up to twenty (20) years to the terms of the lease.