EXHIBIT 10.1
EXECUTION COPY
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NINETEENTH SUPPLEMENTAL LEASE AGREEMENT
BY AND BETWEEN
MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY
AND
FEDERAL EXPRESS CORPORATION
DATED AS OF SEPTEMBER 1, 1998
AMENDING THE CONSOLIDATED AND RESTATED LEASE AGREEMENT DATED AS OF AUGUST
1, 1979 BETWEEN THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY AND FEDERAL
EXPRESS CORPORATION.
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TABLE OF CONTENTS
SECTION PAGE
1 Definitions...........................................................................7
2 Granting Leasehold....................................................................7
3 Term, Delivery and Acceptance of Possession...........................................8
4 Rental ............................................................................8
5 Hazardous Substances/Waste............................................................8
6 Lease Agreement Still in Effect; Provisions Thereof Applicable
to this Nineteenth Supplemental Lease Agreement.......................................10
7 Descriptive Headings..................................................................10
8 Effectiveness of this Nineteenth Supplemental Lease Agreement.........................10
9 Execution of Counterparts.............................................................10
10 Summaries ............................................................................10
Notary ............................................................................12
Leased Parcel Summary.................................................................13
Rental Summary........................................................................15
NINETEENTH SUPPLEMENTAL LEASE AGREEMENT
THIS NINETEENTH SUPPLEMENTAL LEASE AGREEMENT, made and entered into as of
the 1st of September, 1998 , by and between MEMPHIS-SHELBY COUNTY AIRPORT
AUTHORITY (herein sometimes referred to as "Authority"), a public and
governmental body politic and corporate of the State of Tennessee, and FEDERAL
EXPRESS CORPORATION (herein sometimes referred to as "Tenant"), a corporation
duly organized and existing under the laws of the State of Delaware and
qualified to do business in the State of Tennessee.
WITNESSETH:
WHEREAS, Authority and Tenant on October 3, 1979 entered into a
Consolidated and Restated Lease Agreement dated as of August 1, 1979; and
WHEREAS, Authority and Tenant on April 7, 1981 entered into a First
Supplemental Lease Agreement dated as of April 1, 1981 (the "First Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land, buildings, and equipment to be included in the Project as
defined in the Lease Agreement all as set forth therein (such additional land,
buildings, and equipment being defined therein and hereinafter referred to as
the 1981 Federal Express Project"), all as set forth therein; and
WHEREAS, the Authority and Tenant on May 6, 1982 entered into a Second
Supplemental Lease Agreement dated as of January 1, 1982 (the "Second
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
3
WHEREAS, Authority and Tenant on December 9, 1982 entered into a Third
Supplemental Lease Agreement dated as of November 1, 1982 (the "Third
Supplemental Lease Agreement") so as to release certain items consisting of
buildings and leased equipment in the 1981 Federal Express Project; and
WHEREAS, Authority and Tenant on September 29, 1983 entered into a Fourth
Supplemental Lease Agreement dated as of July 1, 1983 (the "Fourth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in the Project, all as set forth therein; and
WHEREAS, Authority and Tenant on April 23, 1984 entered into a Fifth
Supplemental Lease Agreement dated as of February 1, 1984 (the "Fifth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on November 19, 1984 entered into a Sixth
Supplemental Lease Agreement dated as of April 1, 1984 (the "Sixth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on November 19, 1984 entered into a Seventh
Supplemental Lease Agreement dated as of June 1, 1984 (the "Seventh Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on November 4, 1988 entered into a Eighth
Supplemental Lease Agreement dated as of July 1, 1988, (the "Eighth Supplemental
Lease
4
Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on July 12, 1989 entered into a Ninth
Supplemental Lease Agreement dated as of June 1, 1989, (the "Ninth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on October 1, 1991 entered into a Tenth
Supplemental Lease Agreement dated as of October 1, 1991, (the "Tenth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on July 1, 1994 entered into a Eleventh
Supplemental Lease Agreement dated July 1, 1994, (the "Eleventh Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on July 1, 1993 entered into a Twelfth
Supplemental Lease Agreement dated July 1, 1993, (the "Twelfth Supplemental
Lease Agreement") so as to release a certain parcel of land from the 1981
Federal Express Project as described on Exhibit 1 attached thereto; and
WHEREAS, Authority and Tenant on June 1, 1995 entered into a Thirteenth
Supplemental Lease Agreement dated June 1, 1995, (the "Thirteenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project
5
and so as to release a certain parcel of land from the 1981 Federal Express
Project, all as set forth therein; and
WHEREAS, Authority and Tenant on December 1, 1995 entered into a
Fourteenth Supplemental Lease Agreement dated January 1, 1996, (the "Fourteenth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on January 1, 1997 entered into a
Fifteenth Supplemental Lease Agreement dated January 1, 1997, (the "Fifteenth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on April 1, 1997 entered into a Sixteenth
Supplemental Lease Agreement dated April 1, 1997, (the "Sixteenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on May 1, 1997 entered into a Seventeenth
Supplemental Lease Agreement dated May 1, 1997, (the "Seventeenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on July 1, 1997 entered into an Eighteenth
Supplemental Lease Agreement dated July 1, 1997 (the Eighteenth Supplemental
Lease Agreement) so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project all as set forth therein; and
6
WHEREAS, the said Consolidated and Restated Lease Agreement dated as of
August 1, 1979, together with the First through the Eighteenth Supplemental
Lease Agreements is herein referred to as the "Lease Agreement"; and
WHEREAS, Authority and Tenant have agreed to further supplement the Lease
Agreement so as to lease to Tenant certain additional land under this Nineteenth
Supplemental Lease Agreement.
NOW THEREFORE, for and in consideration of the mutual promises, covenants
and agreements hereinafter contained to be kept and performed by the parties
hereto and upon the provisions and conditions hereinafter set forth, Authority
and Tenant do hereby covenant and agree, and each for itself does hereby
covenant and agree, as follows:
SECTION 1. DEFINITIONS. Except as otherwise provided herein, and unless
the context shall clearly require otherwise, all words and terms used in this
Nineteenth Supplemental Lease Agreement which are defined in the Lease
Agreement, shall, for all purposes of this Nineteenth Supplemental Lease
Agreement, have the respective meanings given to them in the Lease Agreement.
SECTION 2. GRANTING OF LEASEHOLD. In addition to the lease and demise to
Tenant of the land in the Lease Agreement, the Authority hereby leases and
demises to Tenant, and Tenant hereby takes and hires from Authority, subject to
the provisions and conditions set forth in the Lease Agreement and this
Nineteenth Supplemental Lease Agreement, the additional land designated as new
West Ramp Expansion which is located on the Memphis-Shelby County Airport
Authority property situated in Memphis, Shelby County, Tennessee, and being more
particularly described in exhibit A:
7
SECTION 3. TERM, DELIVERY AND ACCEPTANCE OF POSSESSION. The terms of
this Nineteenth Supplemental Lease Agreement shall commence at 12:01 A.M. on
September 1, 1998 for the land described as West Ramp Expansion and shall expire
at such time as the Lease Agreement shall expire, to-wit: August 31, 2012 or
upon such earlier termination, extension or otherwise as provided therein.
Authority shall deliver to Tenant sole and exclusive possession of that portion
of the land, leased hereby as of the date commencement of the term hereof,
subject however, to Authority's right-of-entry set forth in Section 21 of the
Lease Agreement.
SECTION 4. RENTAL. In addition and supplemental to the rentals required
to be paid to the Authority pursuant to Section 5 of the Lease Agreement
(including all prior supplemental lease agreements), during the term of this
Nineteenth Supplemental Lease Agreement, Tenant shall pay to the Authority in
advance on the first business day of each month $8,820.48 in equal installments
beginning September 1, 1999 or date of beneficial occupancy whichever occurs
first, a total rental payment of 105,845.73 per year, which the parties hereto
agree is based upon an aggregate of 867,588 square feet of area at an annual
rental rate of ($0.1220) per square foot.
SECTION 5. HAZARDOUS SUBSTANCES/WASTE. Tenant, at its own expense, may
arrange for a Phase I Environmental Survey on the land described as West Ramp
Expansion by a reputable environmental consultant to determine the existence of
"Hazardous Substances", as such term is defined in this Agreement. In the event
that "Hazardous Substances" are discovered during excavation for construction on
West Ramp Expansion, and such "Hazardous Substances" require special handling,
removal or disposal ("Remediation"), then Tenant shall immediately notify
Authority. The Tenant and Authority will confer and jointly determine the method
for handling, removing or disposing of the "Hazardous Substances" within 14 days
after Tenant
8
provides the Authority, in writing, its plan for Remediation. The form of
Remediation agreed to by the parties must comply with "Environmental Laws", as
such term is defined below. In the event that Tenant and Authority are unable to
agree on a method for handling, removing or disposing of the "Hazardous
Substances" due to differing interpretations of the requirements for Remediation
as set forth in the applicable "Environmental Laws", then the form of
Remediation will be determined by the appropriate federal, state or local agency
with relevant regulatory and enforcement jurisdiction over the subject site.
Authority will grant to Tenant a rent credit equal to the reasonable documented
costs paid by Tenant for the Remediation of such "Hazardous Substances"
associated with West Ramp Expansion.
The term "HAZARDOUS SUBSTANCES", as used in this Nineteenth Supplemental
Lease Agreement, shall mean any hazardous or toxic substances, materials or
wastes, including, but not limited to, those substances, materials, and wastes
(i) listed in the United States Department of Transportation Hazardous Materials
Table (49 CFR Section 172.101) or by the Environmental Protection Agency as
hazardous substances (40 CFR Part 302) and amendments thereto, (ii) designated
as a "Hazardous Substance" pursuant to Section 311 of the Clean Water Act, 33
U.S.C. Section 1251 et seq. (33 U.S.C. Section 1321) or listed pursuant to
Section 307 of the Clean Water Act (33 U.S.C. Section 1317, (iii) defined as a
"Hazardous Waste" pursuant to Section 1004 of the Resource Conservation and
Recovery Act, 42 U.S.C. Section 6901, et seq. (42 U.S.C. Section 6903), or (iv)
defined as "Hazardous Substance" pursuant to Section 101 of the Comprehensive
Environmental Response, Compensation and Liability Act, 42 U.S.C.Section 9601,
et seq. 42 U.S.C. Section 9601) or any other substances, (including, without
limitation, asbestos and raw materials which include hazardous constituents),
the general, discharge or removal of which or the use of which is
9
restricted, prohibited or penalized by any "Environmental Law", which term shall
mean any Federal, State or local law, regulation, or ordinance relating to
pollution or protection of the environment.
SECTION 6. LEASE AGREEMENT STILL IN EFFECT: PROVISIONS THEREFORE
APPLICABLE TO THIS SUPPLEMENTAL LEASE AGREEMENT. All of the terms, provisions,
conditions, covenants and agreements of the Lease Agreement, as supplemented,
shall continue in full force and effect as supplemented hereby, and shall be
applicable to each of the provisions of this Nineteenth Supplemental Lease
Agreement during the term hereof with the same force and effect as though the
provisions hereof were set forth in the Lease Agreement.
SECTION 7. DESCRIPTIVE HEADINGS. The descriptive headings of the
sections of this Nineteenth Supplemental Lease Agreement are inserted for
convenience of reference only and do not constitute a part of this Nineteenth
Supplemental Lease Agreement and shall not affect the meaning, construction,
interpretation or effect of this Nineteenth Supplemental Lease Agreement.
SECTION 8. EFFECTIVENESS OF THIS SUPPLEMENTAL LEASE AGREEMENT. This
Nineteenth Supplemental Lease Agreement shall become effective at 12:01 a.m. on
September 1, 1998.
SECTION 9. EXECUTION OF COUNTERPARTS. This Nineteenth Supplemental Lease
Agreement may be simultaneously executed in several counterparts, each of which
shall be an original and all of which shall constitute but one and the same
instrument.
SECTION 10. SUMMARIES. For the convenience of both parties a Leased
Parcel Summary and a Rental Summary are attached to this Lease Agreement.
10
IN WITNESS WHEREOF, THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY AND
FEDERAL EXPRESS CORPORATION have caused this Nineteenth Supplemental Lease
Agreement to be duly executed in their respective behalfs, as of the day and
year first above written.
WITNESS MEMPHIS-SHELBY COUNTY AIRPORT
AUTHORITY
/S/ BY: /S/XXXXX X. XXX
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TITLE: DIRECTOR OF PROPERTIES TITLE: PRESIDENT
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Approved as to Form and Legality:
/S/ X. XXXXXXX XXXXX, XX.
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X. Xxxxxxx Xxxxx, Xx., Attorney for Authority
WITNESS: FEDERAL EXPRESS CORPORATION
/S/ XXXX XXXXXXXXX BY: /S/XXXXXX X. XXXXX
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TITLE: SR. AIRPORT PROP. REP. TITLE: VP
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APPROVED
AS TO LEGAL FORM
BCB 8-26-98
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Legal Dept.
11
(STATE OF TENNESSEE)
(COUNTY OF SHELBY )
On this 14th day of September, 1998, before me appeared Xxxxx X. Xxx to
me personally known, who, being by me duly sworn (or affirmed), did say that
he is the President of the Memphis-Shelby County Airport Authority, the
within named Lessor, and that he as such President, being authorized so to
do, executed the foregoing instrument for the purposes therein contained, by
signing the name of the Authority by himself as such President.
MY COMMISSION EXPIRES
My Commission Expires Feb. 23, 2000 /s/
----------------------------------- -----------------------------------
Notary Public
(seal)
STATE OF TENNESSEE )
COUNTY OF SHELBY )
On this 8th day of September, 1998, before me appeared Xxxxxx Xxxxx, to
me personally known, who, being by me duly sworn (or affirmed), did say that
he is a Vice President of Properties of Federal Express Corporation, the
within named Lessee, and that he as such Vice President, being authorized so
to do, executed the foregoing instrument for the purposes therein contained,
by signing the name of the Corporation by himself as such Vice President.
MY COMMISSION EXPIRES
My Commission Expires Dec. 7, 1998 /s/
---------------------------------- -----------------------------------
Notary Public
(seal)
12
FEDERAL EXPRESS LEASED PARCELS SUMMARY
PARCEL EFFECTIVE
LEASE ACRES SQUARE FEET AGREEMENT DATE
----- ----- ----------- --------- ----
BASE-LEASE
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Revised 9 128.469 Consolidated & 08/01/79
Restated
10 1.612 70,200 Consolidated & 08/01/79
Restated
11 1.044 45,359 Consolidated & 08/01/79
Restated
PREVIOUS SUPPLEMENTS
--------------------
12 2.707 117,915 First 04/01/81
Supplemental
13 6.860 298,830 Second 01/01/82
Supplemental
14 14.586 635,377 Fourth 07/01/83
Supplemental
15 12.689 552,723 Fourth 07/01/83
Supplemental
Rev 16 18.281 (19.685) 796,312 Fifth 02/01/84
Supplemental
Rev 17 119.616 (124.992) 5,210,477 Sixth 04/01/84
Supplemental
18 2.717 118,353 Sixth 04/01/84
Supplemental
19 41.606 1,812,352 Seventh 06/01/84
Supplemental
25 0.435 18,933 Eighth 07/01/88
Supplemental
20 11.275 491,127 Ninth 06/01/89
Supplemental
27 11.192 487,512 Tenth 10/01/91
Supplemental
27 A(West) 4.058 176,777 Eleventh 07/01/94
Supplemental
27 B(West) 5.706 248,533 Eleventh 07/01/94
Supplemental
Southwest
Ramp 2.350 102,366 Eleventh 07/01/94
Supplemental
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PARCEL EFFECTIVE
LEASE ACRES SQUARE FEET AGREEMENT DATE
----- ----- ----------- --------- ----
32 (removed) 22.972 1,000,681 Twelfth 07/01/93
Supplemental
33 8.998 391,942 Thirteenth 06/01/95
Supplemental
36 3.050 132,837 Thirteenth 06/01/95
Supplemental
Hangar 8 (removed) 36,946,33 Thirteenth 06/01/95
Supplemental
34 9.951 433,461 Fourteenth 01/01/96
Supplemental
21 19.134 833,476 Fifteenth 01/01/97
Supplemental
22A (North) 3.214 140,000 Sixteenth 04/01/97
Supplemental
37 2.692 117,283 Seventeenth 05/01/97
Supplemental
38 2.523 109,921 Eighteenth 07/01/97
Supplemental
39 8.366 364,430 Eighteenth 07/01/97
Supplemental
THIS SUPPLEMENT
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West Ramp 19.917 867,583 Nineteenth 08/01/98
Expansion Supplemental
OPTIONS
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22B (South) 3.310 144,200 Option, Expires 5/31/99
29 3.85 167,706 Option, Expires 9/30/2001
ASSIGNMENTS
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23 5.923 258,008 Xxxxxx Assignment,
Expires 12/31/2000
Invoice FEC
Final Increase I/l/96
24 9.964 434,030 Southwide Assignment
Expires 5/14/2013
Invoice FEC
Next Increase 5/15/98
26 9.532 415,213 BICO Assignment,
Expires 7/31/2021
Invoice FEC
Next Increase 8/01/2011
28 10.68 465,221 Equitable Life Assignment
Expires 5/14/2013
Invoice FEC
Next Increase 5/15/98
14
RENTAL - FEDERAL EXPRESS
Effective September 1, 1998
ANNUAL
CATEGORY NUMBER OF RENTAL RATE
OF SPACE SQUARE FEET PER SQ. FT. ANNUAL RENTAL
-------- ----------- ----------- -------------
Xxxx. X-000 1,240 1.5258 $1,891.99
Unimproved Ground 6,911,504 0.1220 843,203.48
Improved Apron 2,395,802 0.1525 365,359.80
Hangar Property 72,092.67 1.1291 81,399.83
Hangar Office 28,000 1.8311 51,270.80
International Park 9,694,700 0.2138 2,072,726.80
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Former IRS Facility 2,255,137.24 4.97 1,200,000.00
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21,358,475.91 $4,615,852.70
BREAKDOWN OF SPACE
SQ. FT. SQ. FT.
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XXXX. X-000 Xxxxxx 0 1,240
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1,240
UNIMPROVED GROUND Parcel 1 130,900
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Parcel 2 50,000
Parcel 3 192,400
Parcel 4 32,540
Parcel 6 89,700
Parcel 9 1,167,337
Parcel 19 1,812,362
Parcel 20 491,127
Parcel 27A 176,777
Parcel 27B 248,533
Southwest Ramp 102,366
Parcel 33 391,942
Parcel 36 132,837
Parcel 34 433,461
Parcel 37 117,283
Parcel 38 109,921
Parcel 39 364,430
West Ramp Expansion 867,588 6,911,504.00
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IMPROVED APRON Parcel 1 850,250
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Parcel 2 226,900
Parcel 7 577,540
Parcel 9 253,600
Parcel 27 487 5-12
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2,395,802.00
15
SQ. FT. SQ. FT.
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HANGAR PROPERTY Parcel 1 44,336
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Parcel 2 27,756.67
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72,092.67
HANGAR OFFICE Parcel 1 22,400
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Parcel 2 5,600
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28,000.00
INTERNATIONAL PARK Parcel 5 24,000
Parcel 8 247,254
Parcel 9 1,586,172
Parcel 10 70,200
Parcel 11 45,359
Parcel 12 117,915
Parcel 13 298,830
Parcel 14 556,334
Parcel 15 552,723
Parcel 16 796,312
Parcel 17 4,288,839
Parcel 18 118,353
Parcel 25 18,9338
Parcel 21 833,476
Parcel 22A 140,000
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9,694,700.00
FORMER IRS FACILITY 2,255,137.24 2,255,137.24
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TOTAL: 21,358,475.91
16
EXHIBIT A
Being a parcel of land contained entirely within the Memphis/Shelby County
Airport Authority property located in the City of Memphis, Shelby County, State
of Tennessee being more particularly described by metes and bounds as follows:
Commencing, at the centerline intersection of Taxiway Alpha and Taxiway Charlie;
thence along said centerline of Taxiway Charlie, North 01 degrees 56 minutes 38
seconds East a distance of 2847.76' to a point; thence departing from and
perpendicular to said centerline of Taxiway Charlie, North 88 degrees 03 minutes
22 seconds West a distance of 161.54' to the TRUE POINT OF BEGINNING; thence
along a line being perpendicular to the centerline of said Taxiway Alpha, South
04 degrees 17 minutes 22 seconds West a distance of 238.05' to a point-, thence
along a line being parallel with and 2600.7 I' north of said centerline of
Taxiway Alpha, South 85 degrees 42 minutes 38 seconds East a distance of 19.91'
to a point; thence along a line being perpendicular to said centerline of
Taxiway Alpha, South 04 degrees 17 minutes 22 seconds West a distance of 541.48'
to a point; thence South 32 degrees 30 minutes 14 seconds West a distance of
318.75' to a point; thence along a line being parallel with and 1778.36' north
of said centerline of Taxiway Alpha, North 85 degrees 42 minutes 38 seconds West
a distance of 455.70' to a point; thence along a line being perpendicular to
said centerline of Taxiway Alpha, North 04 degrees 17 minutes 22 seconds East a
distance of 2 1 0.00' to a point; thence along a line being parallel with and
1988.36' north of said centerline of Taxiway Alpha, North 85 degrees 42 minutes
38 seconds West a distance of 352.33' to a point; thence along a line being
perpendicular to said centerline of Taxiway Alpha, North 04 degrees 17 minutes
22 seconds East a distance of 53.33' to a point; thence along a line being
parallel with and 2041.70' north of said centerline of Taxiway Alpha, South 85
degrees 42 minutes 38 seconds East a distance of 47.32' to a point; thence along
a line being perpendicular to said centerline of Taxiway Alpha, North 04 degrees
17 minutes 22 seconds East a distance of 782.16' to a point; thence along a line
being parallel with and 2823.86' north of said centerline of Taxiway Alpha,
South 85 degrees 42 minutes 38 seconds East a distance of 285.47' to a point of
curvature; thence along the arc of a curve to the left having a radius of 22.50'
(Long Chord: North 48 degrees 07 minutes 01 seconds East, 32.46') and arc
distance of 36.26' to a point; thence along a line being parallel with and
744.25' west of said centerline of Taxiway Charlie, South 01 degrees 56 minutes
39 seconds West a distance of 32.39' to a point; thence along a line being
perpendicular to said centerline of Taxiway Charlie, South 88 degrees 03 minutes
21 seconds East a distance of 582.7 I' to the TRUE POINT OF BEGINNING.
Said property containing 867,588 square feet or 19.917 Acres, more or less.
