Laserfiche WebLink
1 <br />960K i*1 PAP. 401 <br />® STATE OZ.NORTH CAROLINA ) <br />L E A S E <br />COUNTY OF LEE ) <br />THIS LEASE AGREEMENT, Made and entered into as of the <br />first day of July, 1984, by and between the CITY OF SANFORD, North Carolina, <br />a municipal corporation of the State of North Carolina, and the COUNTY OF LEE, <br />North Carolina, a political subdivision and body corporate and politic of the State <br />of North Carolina (the Municipalities), and CENTRAL CAROLINA AVIATION, <br />INC. , a corporation organized and existing under the laws of the State of North <br />Carolina, with its principal office in Sanford, Lee County, North Carolina (the <br />Corporation); <br />WITNESSETH: <br />® WHEREAS, the Municipalities jointly own the real and personal <br />property which comprises the Sanford-Lee County Municipal Airport (the Airport); <br />and <br />WHEREAS, the supervision of said Airport is delegated to the <br />Sanford-Lee County Airport Commission (the Commission) under a joint resolution <br />enacted by the Municipalities; and <br />WHEREAS, the Commission has recommended that the Corporation <br />be granted a non exclusive lease as a fixed base operator at the Airport for a period <br />of five years with the option of one five year extension; and <br />WHEREAS, the Municipalities have been authorized to grant such <br />a lease by the action of their governing bodies; <br />