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021 <br />11 <br />NORTH CAROLINA <br />LEE COUNTY <br />LEASE AGREEMENT <br />This lease agreement, entered into this day of , 2009, by and <br />between LIE COUNTY, a political subdivision of the State of North Carolina <br />(hereinafter called "County"); and Broadway Optimist Club of Broadway, North <br />Carolina, Incorporated, a North Carolina non-profit corporation with its principal office <br />in Sanford, North Carolina (hereinafter called "Club"): <br />WITNESSETH <br />WHEREAS, Club owns a certain tract of land more fully described in Exhibit A <br />attached hereto; and <br />WHEREAS, Club desires to lease said- tract to County to enable County to <br />perform certain maintenance work on two (2) athletic fields <br />NOW, THEREFORE, in consideration of the premises and the mutual covenants <br />and conditions contained herein, the parties agree as follows: <br />1. Leased Property. The leased property (hereinafter, call "Property") is a parcel of <br />land located in Lee County, North Carolina, described in Exhibit A attached hereto. <br />2. Term. The term of this lease beings on the day of ,2009, and <br />runs for ten (10) years, ending on the day of , 2019, unless sooner <br />terminated as provided for herein. <br />Rent. County shall pay rent of One and no/100 Dollars (S 1.00) per year. <br />4. Performance Obligations. <br />A. County in consideration of the above, agrees to the following during <br />designated periods of March 15 through June 30 each year and more particularly <br />as set out below with the exception of grass mowing which will be performed <br />from March 15 through October 31: <br />LGrounds maintenance consisting of mowing of fields and immediately <br />surrounding areas. <br />2. Field maintenance consisting of dragging of fields for practices and dragging <br />and lining of fields for games Monday through Friday each week during the <br />designated period. <br />0 <br />