BC 1994 02 07 - Laserfiche WebLink

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37 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 that: 1. This Lease shall commence as of the date hereof and shall exist and continue to and including the 30th day of January 1998; 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) maintain the stucco and woodwork on the outside of the building; (c) maintain 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; 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 Cabarrus 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 not have the right to assign this Lease without prior approval by the County but 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 Cabarrus 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 maintenance and preservation of the Old Cabarrus County Courthouse in an orderly manner for a period of ninety (90) days after written notice of such default by the County or shall violate any other terms of this lease, the County shall have the right to its option to declare this Lease canceled. 8. It is understood by the County that the funds for the preservation and restoration of the Old Cabarrus County Courthouse will necessarily be supplied by contributions from individuals, firms, corporations, organizations, foundations and other agencies; that the acquisition of such funds may not be constant but will be affected by prior commitments of the respective contributors and that a temporary suspension of work shall not be used as a reason for cancellation of this Lease.