Common Contracts
2 similar Ground Lease Agreement contracts
STATEMENT OF PURPOSEGround Lease Agreement • October 19th, 2018 • North Carolina
Landlord is the fee simple owner of a certain tract of land located in Wake County, North Carolina, consisting of approximately 4.3 acres of land bounded by Town Hall Drive on the southwest, Jeremiah Street on the northwest, the future extension of Foxglove Drive on the northeast and the future extension of Carolina Street on the southeast, as described on Exhibit A, attached hereto as Exhibit A (“Town Property”). It is the present intent and purpose of the Tenant to use a portion of the southeastern portion of the Town Property, marked as the “Library Lease Area” on the Site Plan attached hereto as Exhibit B. This Ground Lease shall include the demise of Forty-Nine (49) surface parking spaces occupying the “Library Lease Area” and portions of the “Library Site” (“Demised Premise”), for the construction and operation of a Wake County Public Library to be known as the Morrisville Community Library (the “Project” or the “Library”). Therefore, Landlord has agreed to lease to Tenant, and T
STATEMENT OF PURPOSEGround Lease Agreement • October 4th, 2018 • North Carolina
Landlord is the fee simple owner of a certain tract of land located in Wake County, North Carolina, consisting of approximately 4.3 acres of land bounded by Town Hall Drive on the southwest, Jeremiah Street on the northwest, the future extension of Foxglove Drive on the northeast and the future extension of Carolina Street on the southeast, as described on Exhibit A, attached hereto as Exhibit A (“Town Property”). It is the present intent and purpose of the Tenant to use a portion of the southeastern portion of the Town Property, marked as the “Library Lease Area” on the Site Plan attached hereto as Exhibit B. This Ground Lease shall include the demise of Forty-Nine (49) surface parking spaces occupying the “Library Lease Area” and portions of the “Library Site” (“Demised Premise”), for the construction and operation of a Wake County Public Library to be known as the Morrisville Community Library (the “Project” or the “Library”). Therefore, Landlord has agreed to lease to Tenant, and T
