BC 1989 06 19 - Laserfiche WebLink

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136 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 intersection 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 Historic Cabarrus, its successors and assigns, for the term and upon the conditions 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, 1993; provided, however that Historic Cabarrus 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 County in writing at least ninety (90) days prior to the date of the termination of this Lease. 2. In lieu of the payment of rent, Historic Cabarrus 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; (c) repair and restore the interior of the building to a condition as much like its original conditions 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; and (d) maintain said building and the grounds covered by this lease in a good state of repair. 3. Historic Cabarrus will purchase and keep in force liability insurance in such amounts and against such hazards as may be necessary or desirable and will insure said building against fire and windstorm for the use and benefit of Historic Cabarrus or its contributors as their interests appear. 4. If the building upon the demised premises shall be damaged by fire or other casualty, and such damages are of a minor nature, the same shall be repaired by Historic Cabarrus as quickly as is reasonably possible; but if said building shall be damaged to such an extent as to render the same unfit for uses or occupancy, this Lease shall terminate as of the date of such damage. 5. Historic Gabarrus shall be responsible for the payment of all bills for water, heating and electrical current, and the occupants of the building shall be responsible for the payment of their own respective telephone bills. 6. Historic Cabarrus shall have the right to sublet any parts of the Old Cabarrus County Courthouse to such organizations as it may desire subject to the terms of this Lease; provided, however, that Historic Gabarrus and its under tenants shall make no unlawful or offensive use of the premises. Historic Cabarrus hereby warrants that it will not arbitrarily restrict the use of said premises and, subject to its use of the building and the agreements Historic Cabarrus enters into with any sub-lessee, will make the building available for bona fide public uses. 7. If Historic Cabarrus shall not be diligent in its solicitation of funds and shall fail to pursue its work in the restoration of the Old Cabarrus County Courthouse in an orderly manner or shall fail to pay the costs of improvements as agreed upon without just cause or excuse for a period of ninety