HomeMy WebLinkAboutRES-2017-058 Resolution approving leasing property at 401 Valley Forge Rd., Hillsborough, NC, for up to ten years A9F 9-m-don
RES-2017-t2-0s ?CL
ORANGE COUNTY BOARD OF COMMISSIONERS
RESOLUTION LEASING PROPERTY UP TO TEN YEARS
Whereas, Orange County owns the Real Property located at the 401 Valley Forge
Road, Hillsborough, NC 27278, comprising approximately 105,000 square feet of
warehouse space and approximately 10 acres of distribution yard space (the
"Premises"); and
Whereas, Builders FirstSource-Atlantic Group, Incorporated, a Michigan Corporation,
desires to renew its lease of the Premises, and
Whereas, Builders FirstSource-Atlantic Group, Incorporated provides significant
economic impact to the citizens and residents of Orange County; and
Whereas, Builders FirstSource-Atlantic Group, Incorporated provides valuable services
to the citizens and residents of Orange County valued at $24,500.00 per month and the
lease and any renewal will reflect an in-kind payment; and
Whereas, North Carolina General Statute 160A-272 authorizes the lease of County-
owned properties for terms of up to ten years upon resolution of the Board of
Commissioners at a regular meeting after thirty days' public notice; and
Whereas, in consideration of the valuable services provided to the citizens and
residents of Orange County by Builders FirstSource-Atlantic Group, Incorporated valued
at $24,500.00 per month, the Board of Commissioners of Orange County desires to
amend the Premises to Builders FirstSource-Atlantic Group, Incorporated, the required
notice has been published and the Board of Commissioners is convened at a regular
meeting.
THEREFORE BE IT RESOLVED, that Board of County Commissioners hereby
approves the amendment to the lease of the County property described above to
Builders FirstSource-Atlantic Group, Incorporated for a term of ten years commencing
October 1, 2017 with two potential consecutive renewal terms of five years each, ratifies
the signed lease, and directs the execution, registration, and filing of all necessary
instruments accordingly.
This the 19th Day of September 2017.
M rk orosin, air
Orange Coun Bo ommissioners