HomeMy WebLinkAbout2009-033 Aging - Cates Family Limited Partnership - Hillsborough Park-Ride Lot Rental Agreement~o
Orange County
• 5/28/09
Orange Public Transportation Program
Hillsborough Park-Ride Lot Rental Agreement
This Agreement is entered into this 1st day of July, 2009, between the Cates Family
Limited Partnership, owners of the North Hills Shopping Center, hereinafter known as
the Cates Family Ltd Partnership, and Orange County on behalf of the Department on
Aging's Orange Public Transportation Program, hereinafter known as the County. The
period and duration of the Agreement shall be from July 1, 2009 to June 30, 2010.
WITNESSETH:
WHEREAS, the County desires to rent parking spaces at the North Hills Shopping
Center in Hillsborough, North Carolina from the Cates Family Ltd. Partnership in order
to provide public parking for commuters utilizing the Triangle Transit 420 route on the
north side of the Town of Hillsborough, hereinafter described, now therefore the parties
hereto mutually agree as follows:
THE COUNTY HEREBY AGREES:
• 1. To rent twenty five (25) spaces for park/ride use Monday through Sunday between
the hours of 6:00 a.m. - 7:30 p.m. The park/ride spaces are located at the south end of
North Hills Shopping Center which is at the corner of Highway 70 and Churton Street.
(Attached map)
2. To pay $10.00 per space per month at a total of $250.00 per month. If additional
spaces are needed, this agreement will be amended to reflect such change.
3. To make payments each month to the Cates Family Ltd. Partnership.
4. To not enter the North Hills Shopping Center property with public route vehicles,
therefore, no liability on the part of the County is necessary.
5. To place two signs on the North Hills Shopping Center property that designate the
area of the park/ride lot and to place a public route bus .stop sign at the entrance to the
Shopping Center.
THE CATES FAMILY LTD PARTNERSHIP HEREBY AGREES:
1. To provide 25 parking spaces with a minimum width of 9 1/2 feet per space as
designated on the attached map.
2. To maintain the park/ride lot spaces for safe use by public commuters.
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This agreement may be terminated by the County or by the Cates Family Ltd.
Partnership giving the other party 60 days notice of their intent.
All amendments must be submitted in writing and signed by all authorized persons.
O COU TY
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Authorized Signature
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Approved as to form and legal
CATES AMILY LTD. P RTNERSHIP
Authorized Signature
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"This instrument has been pre-audited in the manner required by the Local Government
Budget and Fiscal Control Act."
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dies; Finance Services Director Date