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MEMORANDUM OF AGREEMENT <br /> BETWEEN LEE COUNTY AND O. TEMPLE SLOAN, JR. <br /> TO MODIFY THE USE OF A PORTION OF O.T. SLOAN PARK <br /> This Agreement is made and entered into this gltm day of ;', 2022, between LEE <br /> COUNTY, one of the counties of the State of North Carolina, and a ody both politic and <br /> corporate (the"County"), and 0. Temple Sloan, Jr. <br /> WITNESSETH <br /> WHEREAS, the County has acquired that certain 9.45 acres located in Lee County,North <br /> Carolina as shown on plat entitled "Recombination Survey For: Harrington Properties & Lee <br /> County" dated October 31, 2007, prepared by Michael A. Cain, Professional Land Surveyor and <br /> recorded in Plat Book 2007, Page 232, Lee County Registry, and; <br /> WHEREAS, 0. Temple Sloan, Jr., a citizen and resident of Wake County, North <br /> Carolina, provided the funds for the County to acquire the Property on the understanding that the <br /> Property would only be used as an addition to the County's existing recreational area named for <br /> Mr. Sloan's father that adjoins the property, and; <br /> WHEREAS, the County executed a Declaration on December 4, 2007 recorded in Deed <br /> Book 1114, Page 696, Lee County Registry. and hereby attached as "Exhibit A", and; <br /> WHEREAS, said Declaration sets forth the terms and conditions applied to the subject <br /> property including the terms related to modification, and; <br /> WHEREAS, it is the County's desire to use approximately two (2) acres, more or less, of <br /> the subject property for the purpose of constructing and operating a public library, and; <br /> WHEREAS, on June 6, 2022, the Board of Commissioners approved `Site Plan B' as the <br /> preferred site for the proposed public library, a concept illustration depicting the site is hereby <br /> attached as "Exhibit B". <br /> NOW, THEREFORE, the parties hereto, each in valuable consideration as acknowledged <br /> by both parties, do hereby covenant and agree to the following: <br /> 1. 0. Temple Sloan, Jr. hereby consents to removing the recreational restriction to a <br /> portion of the property as described in "Exhibit B" and in consideration of the County's use of <br /> 1 <br />