BC 1985 09 16 - Laserfiche WebLink

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299 NORTH CAROLINA CABARRUS COUNTY THIS LEASE, made and entered into this the 1st day of October, 1985, by and between the Board of County Commissioners of Cabarrus County, North Carolina, a body corporate and politic, hereinafter called lessor, party of the first part, and Historic Cabarrus, Inc., a non- profit corporation organized and existing under the laws of the State of North Carolina having its principal office in the City of Concord, Cabarrus County, North Carolina, hereinafter called lessee, party of the second part; W I T N E S S E T H : - that WHEREAS, Cabarrus County has determined' that the property hereinafter described, known as the Old Cabarrus County Courthouse, will not be needed by the County for the term of this lease and the renewal term; and that it is in the best interest of Cabarrus County to enter into this Lease Agreement. NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND OF THE AGREEMENTS HEREINAFTER SET OUT TO BE DONE AND PERFORMED BY THE LESSEE, the Lessor does hereby demise and lease unto the Lessee the following described property: Lying and being in Ward No. 3 of the City of Concord, North Carolina, on the east side of South Union Street and on the south side of Means Avenue and being the lot upon which the old Cabarrus County Courthouse is located and described as follows: BEGINNING at a point in the southeast intersect£on of South Union Street and Means Avenue and running thence with Means Avenue in an easterly direction to a point; thence in a southerly direction parallel with and 40 feet from the rear wall of the old Cabarrus County Courthouse to a point; thence in a westerly direction along a line midway between the south wall of the old Cabarrus County Courthouse and the edge of the bottom step on the north side of the new Cabarrus County Courthouse to a point in the east edge of South Union Street; thence with South Union Street in a northerly direction to the BEGINNING. To have and to hold said lands and premises, together with all privileges and appurtenances thereunto belonging to it, the party of the second part, its successors and assigns for the term and upon the condi- tions hereinafter set forth: 1. That this Lease shall commence as of the date hereof and shall exist and continue to and including the 30th day of September, 1989; provided, however, that the lessee may at its option and for the uses and purposes aforesaid, extend the term of this Lease for an additional period of four (4) years by notifying the lessor in writing at least ninety (90) days prior to the date of the termination of this Lease. 2. That in lieu of the payment of rent, the lessee will accept the old Cabarrus County Courthouse in its present condition and will: (a) secure it from damage by the elements and other hazards. (b) repair and paint the stucco and woodwork on the outside of the building and replace so much of the woodwork as may be damaged; and (c) repair and restore the interior of the building to a condition as much like its original condition as possible; provided, however, that central heating, air conditioning, electrical fixtures and appliances may be utilized in such ways as not to detract from the original appearance of the building and may make such additional improvements as shall contribute to the beauty of said building as it originally existed, all of which shall be done upon the advice and under the supervision of a competent architect and according to a general plan of restoration. (d) maintain said building and the grounds covered by this lease in a good state of repair.