2003 - 09-02-03 Regular Meeting - Laserfiche WebLink

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BOOR 19 P-cr 522 STATE OF NORTH CAROLINA ) AGREEMENT COUNTY OF LEE ) This agreement made and entered into this 26th day of August 2003, by and between Brick Capital Community Development Corporation, a non-profit corporation with its office and principal place of business at 403 West Makepeace Street, Sanford, North Carolina, 27330, hereinafter referred to as "OWNER" and Lee County, one of the counties of the States of North Carolina, hereinafter referred to as "TENANT"; WITNESSETH: THAT WHEREAS said Owner is the owner of a certain lot of land in the City of Sanford, North Carolina, known as the W. B. Wicker School Property. And said owner has agreed to construct a building on said property and to rent 1,620 net square feet of office space in said building to the Tenant. AND WHEREAS, in consideration of the agreement of tenant to lease said office space in said building upon the terms hereinafter set out, said owner has agreed to erect upon said land a building according to the plans and specifications hereto attached and identified by the signatures of the parties; Now, therefore it is mutually agreed: first. That said Owner shall forthwith begin the construction of said building and complete the same as soon as is reasonably possible, and in no event no later than the 31st day of January 2005. Second. That upon completion of said building said Owner will execute, and said tenant will accept a lease for said premises in accordance with the lease attached hereto and marked as Exhibit A, which is incorporated herein by reference. In Testimony Whereof, said parties have executed this contact in duplicate originals, one of which is retained by each of the parties. BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION BY: ATTEST: William T. Wilson, Jr., President Karen Kennedy, Secretary