NORTH CAROLINA ) PUBLIC/PRIVATE PARTNERSHIP AGREEMENTPublic/Private Partnership Agreement and Lease • June 25th, 2019
This Agreement and Ninety-nine year Lease is made and entered into by and between the TOWN OF KERNERSVILLE, a North Carolina Municipality located in Forsyth and Guilford Counties, North Carolina, “Lessor,” and Party of the First Part, sometimes also referred to as “the TOWN” or “TOWN”, and the KÖRNER’S FOLLY FOUNDATION, a North Carolina 501(c)3 Nonprofit Corporation located at 413 South Main Street, Kernersville, Forsyth County, North Carolina, “Lessee,” and Party of the Second Part, sometimes also referred to as “the Foundation”, “the FOLLY” or “FOLLY”, to create and continue to act as a Public/Private Partnership to carry out the intent of the herein described Project (sometimes referred to herein as the “Project”) for the benefit of the Körner’s Folly Foundation and the Citizens of the Town of Kernersville.
