LEASE AGREEMENTLease Agreement • March 1st, 2019 • North Carolina
Contract Type FiledMarch 1st, 2019 JurisdictionPINEHURST, a body corporate and politic in Moore County, North Carolina (hereinafter referred to as LESSOR) and the MOORE COUNTY BOARD OF EDUCATION, a body corporate and politic in Moore County, North Carolina (hereinafter referred to as LESSEE). The LESSEE will lease from LESSOR a certain approximate 7.99 acre parcel of LESSOR’S real property (the “Leased Premises”) for LESSEE’S construction of temporary facilities and campus for students of Pinehurst Elementary School, which temporary facilities will be utilized while the construction of the permanent school buildings take place, through the completion of the new, permanent Pinehurst Elementary School campus, and through the final removal of the temporary facilities from the Leased Premises (the "construction period").