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LEE COUNTY <br />Q00 GC] (ato0OCtiO:p <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. V. C. <br />Information <br />Meeting Date: October 15, 2012 XX Action Item <br />Consent Agenda <br />SUBJECT Interlocal Agreement with Central Carolina Community College — <br />Understanding of Property Usage and Transaction Involving Dr. <br />Paul Howard Properties <br />DEPARTMENT Administration <br />CONTACT PERSON John Crumpton <br />REQUEST Consider Interlocal Agreement with Central Carolina Community <br />College <br />SUMMARY As part of the gift and purchase transaction with Dr. Paul Howard <br />the Community College is intending to occupy and maintain the Steele Street Property. Since the <br />property will initially be titled to Lee County an agreement needs to be in place prior to closing. At <br />the end of the financing of the Summit Drive property the Steele Street and Summit Drive <br />properties will be titled to the Community College per Dr. Howard's request as part of his gift. The <br />Community College has agreed to lease the Summit Drive property to the County and this <br />agreement covers that arrangement. A formal lease will need to be signed on both properties. <br />BUDGET IMPACT This agreement does not increase the Budget which was presented <br />at the October 1, 2012 meeting. <br />ATTACHMENT(S) <br />PUBLIC HEARING <br />Interlocal Agreement <br />No <br />PRIOR BOARD ACTION At the October 1" Commissioners meeting the Board approved the <br />financing agreements to purchase the property on November 1 s`. <br />RECOMMENDATION Approve Interlocal Agreement with CCCC as presented. <br />