MEMORANDUM OF UNDERSTANDINGProperty Sale and Ground Lease Agreement • September 12th, 2023
Contract Type FiledSeptember 12th, 2023First Baptist Church of Smyrna, Georgia, Inc., a Georgia nonprofit corporation (“Smyrna First”), the Downtown Smyrna Development Authority (“DDA”), and the City of Smyrna, Georgia, a municipality of the State of Georgia (“City”), have agreed to the following terms and conditions related to the sale of real property and improvements (and ground leaseback to Smyrna First of all property currently owned by Smyrna First) pursuant to two (2) separate definitive agreements (the “Definitive Agreements”) the terms to be contained therein (among others) being such following terms and conditions: