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016 <br />eooa 17 Nt,(,E 103 <br />STATE OF NORTH CAROLINA ) <br />COUNTY OF LEE ) <br />LEASE AGREEMENT <br />THIS LEASE AGREEMENT, entered into this _ day of <br />1997, by and between LEE COUNTY, a political subdivision of the State of North <br />Carolina, hereinafter referred to as "County"; and THE OPTMST CLUB OF DEEP <br />RIVER-NORTHVIEW, NORTH CAROLINA, INC., a North Carolina non-profit <br />corporation with its principal office in Sanford, North Carolina, hereinafter referred to as <br />"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 three (3) athletic fields. This work is valued at <br />$1,864.00 per season (season defined as eight weeks); <br />NOW, THEREFORE, in consideration of the premises and the mutual covenants <br />and conditions contained herein, the parties agree as follows: <br />Leased Property. The leased property (hereinafter referred to as <br />"Property") is a parcel of land in Lee County, Notch Carolina, described in <br />Exhibit A attached hereto. <br />2. Term. The term of this lease begins on the day of <br />1997, and runs for 10 years ending on the day of <br />2007. unless sooner terminated as provided herein. <br />3. Rent. County shall pay rent of ONE AND N01100 DOLLARS (S 1 .00) per <br />year. <br />4. Performance Obligations. <br />a) County, in consideration of the above, agrees to the following <br />during designated periods of March 15 through October 31. <br />I_ Ground maintenance - mowing the fields and surrounding <br />areas, dragging and lining the fields for games as set out in <br />Exhibit B attached hereto and by this reference made a part <br />hereof. <br />