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NORTH CAROLINA <br /> <br /> CABARR~S COUNTY <br /> <br /> THIS AGREEMENT, dated dune __, 1980, between tile CABARRUS <br />COUNTY BOARD OF EDUCATION (the "Board") and CABARRUS COUNTY (the <br />"Count)"'); <br /> <br /> W I T N E S S E T N: that-- <br /> <br /> WHEREAS, the Board owns certain activity bus¢:'s utilized by <br /> <br />it during the school year; ~nd <br /> <br /> WHER£AS, the Couaty desires to lease one or more hoses from <br /> <br />the Board for summer use by the County's Recreation Department; <br /> <br />and . <br /> <br /> WHEREAS, North Carolina General Statutes Section 160A-27d(b) <br />permits any governmental: unit to lease-to any other governmental <br />finit any interest in personal property that it may own upon such <br />terms and conditions as it deems wise; <br /> <br /> NOW, THEREFORE, in consideration of the premises and the <br /> <br />mutual covenants contained heroin, the parties hereto agree as <br />follows: <br /> <br /> 1. Lease. The Board hereby leases to the County and the <br />County hereby accepts from the Board the following described <br />motor vehicles:- <br /> <br /> 2. Term. The term of this lease shall commence at 12:01 <br /> <br />A.M. on June iS, 1978;'and shall end at 7:S9 P.bl. on AuguSt IS, <br /> <br />1978. <br /> <br /> <br />