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105
<br />
<br /> UPON MOTION of Chairman Simmons, seconded by Commissioners Barnhart and
<br />unanimously carried, the Board approved the Lease Agreement between Gabarrus
<br />County and Blythe Industries, Inc. for the use of the upstairs floor area of the
<br />house located at 7401 Davidson Highway, Concord, and formerly owned by Edna
<br />Hancock, for a term of two years commencing on March 1, 1991, at a rental rate
<br />of $300.00 per month. The Board further authorized the Chairman to execute the
<br />following Lease Agreement subject to execution by Blythe Industries.
<br />
<br />NORTH CAROLINA
<br />
<br />CABARRUS COUNTY
<br />
<br />LEASE AGREEMENT
<br />
<br /> THIS LEASE AGREEMENT, executed as of the 1st day of March,
<br />1991, between the BOARD OF COMMISSIONERS OF CABARRUS COUNTY, NORTH
<br />CAROLINA, whose mailing address is P. O. Box 707, Concord, North
<br />Carolina (hereinafter called "Landlord"), and BLYTHE INDUSTRIES,
<br />INC., whose mailing address is P. O. Box 31635, Charlotte, North
<br />Carolina 28231, (hereinafter called "Tenant"):
<br /> W I T N E S S E T H: that--
<br /> In consideration of the mutual covenants and agreements
<br />hereinafter set forth, the Landlord does hereby lease and demise
<br />unto the Tenant and Tenant hereby accepts and leases from the
<br />Landlord, for the term hereinafter specified, the following
<br />described real property (hereinafter sometimes referred to as the
<br />"Demised Premises"): Upstairs floor area of that residence located
<br />at 7401 Davidson Highway, Concord, Cabarrus County, North Carolina
<br />28025, formerly owned by Edna Hancock, together with the non-
<br />exclusive use of the real property upon which it is located, more
<br />particularly described in Exhibit A attached hereto and incorporated
<br />herein by reference.
<br /> TO HAVE AND TO HOLD the Demised Premises upon those conditions
<br />and with those privileges set forth herein for the term herein set
<br />forth, subject to the following covenants and conditions:
<br /> 1. Term: The tenancy hereby demised shall commence on March
<br />1, 1991, and shall continue for a period of two (2) years.
<br /> 2. Rental: The Tenant shall pay to the Landlord, as rental
<br />for the Demised Premises, the sum of Three Hundred Dollars ($300.00)
<br />per month. Such monthly rental shall be paid, in advance, to
<br />Landlord on or before the 5th day of each and every month beginning
<br />on the 5th day of March, 1991.
<br /> 3. Utilities: The Tenant shall pay all charges for
<br />telephone, electricity, water, gas, and other utilities used by
<br />Tenant on the Demised Premises. Landlord shall provide Tenant with
<br />access to such utilities at all times.
<br /> 4. Tenant's Repairs: Upon acceptance of the Demised Premises
<br />by Tenant, Tenant shall keep the interior and exterior of the
<br />Demised Premises, including sewage disposal, in good condition and
<br />repair, excepting those structural or other repairs which are the
<br />responsibility of the Landlord.
<br /> 5. Heating and Cooling Systems: Tenant shall maintain the
<br />heating and cooling systems on the Demised Premises.
<br /> 6. Signs, Fixtures, and Interior Alterations: Tenant, at its
<br />own expense, may from time to time during the term of this Lease,
<br />make any interior alterations, install fixtures or signs which it
<br />may deem necessary or desirable to the premises and which do not
<br />adversely affect the structural integrity thereof; such improvements
<br />shall be made in a good workmanlike manner and in accordance with
<br />all valid requirements of Municipal or other Governmental
<br />authorities. Ail permanent structural improvements shall belong to
<br />the Landlord and shall become a part of the premises upon
<br />termination or expiration of this Lease. If Tenant is not in
<br />default hereunder, Tenant shall have the right to remove all or any
<br />part of the Tenant's equipment, fixtures, or signs from the Demised
<br />Premises at any time, provided Tenant shall repair or reimburse
<br />Landlord for the cost of repairing any damage to the Demised
<br />Premises resulting from the installation or removal of such items.
<br />Landlord shall have the right to approve all signs installed by
<br />Tenant.
<br /> 7. Liability Insurance. Tenant shall carry, at its expense,
<br />public liability insurance on the Demised Premises, with a
<br />
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