HomeMy WebLinkAboutBoard of Regents of the University System of Georgia
Augusta Richmond GA
DOCUMENT NAME: Boo.rd 0/ he:} et/Jr" of'- 1172-
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DOCUMENT TYPE: ~re:'e /YL€/l+-
YEAR: /9tj~
BOX NUMBER: /
FILE NUMBER: / () ff /1
NUMBER OF PAGES: .2
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0\,7. 1 7. 9 6 1 1 0 6 AM ... SUR N SID E. W A L. L. l!.. DAN I E L.
F04
No. Of 2 Executed
Original Counlelparts.
CounterpaT1 Of .
62E1-02RCA~MF-0060-96
STATE OF GEORGIA,
COUNTY OF CHATHAM:
TERMINATION OF LEASE AGREEMENT
THIS TERMINATION OF LEASE AGR.1lliMEN1: (hereinaft r refer d to as
"Terminalilm"), is made amI entered into effective the ~day of 1996, by and
between th~ CITY COUNCTJ. OF ATIGtJST^. (hen'i"aner r~fcrred t a~ the
"AUGUSTA"), and the BOARD OF REGENTS OF THE IJNIVERSlTY SYSTEM OF
GEORGIA. whose business address for purposes of this Agreement is 244 Washington
Street, Atlanta, Georgia. 30334 (hereinafter referred to as the "Regents").
WIT N E SSE TilT H ^ T:
WHEREAS, Augusta is the Tenant under a certain lease (hereinafter referred to
as the "Lease") for a term of 50 years certain premises which contain a 350.000 gallon
elevated water tank, entered into on November 7 and 16, 1960 and by reference
incorporated herein; and
WHEREAS, Regents is undertaking a public project. known as Project H-39,
Science Building, for which the premises covered by the Lease is needed; and
WHEREAS, Augusta no longer requires use of the water tank for its pubHc
purposes; and
WHEREAS. Regents. on Apri19-10. 1996, and the Govemor, State of Georgia. on
May 7, 1996, approved the demolition and removal of the water tank; and
WHEREAS. Augusta and Regents wish to tenninate the Lease with no further
obligation required of either party;
NOW. mEREFORE, for and in consideration of the sum of TEN DOLLARS
($10.00) in hand paid by Regents to Augusta, the receipt and sufficiency of which is
acknowledged by each of the parties hereto, and of other good and valuable
consideration. including the mutual promises herein contained, the parties hereto do
hereby covenant and agree as follows:
1. TBRMINATION:
The Lease is hereby tenninated, effective the date hereof.
2. POSSESSION:
Augusta has vacated the premises and posse8sion is surrendered to Regents
as of the date hereof.
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7JlrJ2TR.ACT - May 14, 1996
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3. REPRESENTATIONS:
(a) The parties represent each to the other that to the best of their
knowledge and information the Lease has not been assigned, modified, supplemented
or amended in any way, and represents the entire agreement between the parties
thereto and that all obligations of each to the other have been fulfilled up to and
including the date hereof.
(b) Augusta further represents that it has removed all of itS property from
the premises, and that any property left on the premi5es shall automatically become the
property of Regents as of the date hereof.
IN WITNESS WHEREOF, the parties hereto have duly executed or caused these
presents to be executed and to be effective as of the date hereof.
M
sd
Atte.t: h~~
ts Clerk of unci!
Seal
By:
HOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF
GEORGIA /A) ~.
((~
St~ortCh
(,h~;r~jl;;~ c
Attest;./ .1.1 ('). LJz0I,~
See C{Clry to the Board
Seal
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7JI02TRACT - May 14. /996