HomeMy WebLinkAboutLEASE RENEWAL AGREEMENT BETWEEN AUGUSTA, GEORGIA AND CHARLES THOMPSON & THOMPSON FARMS FOR THE BIG FARM PROPERTY State of Georgia
LEASE RENEWAL AGREEMENT
This Lease Renewal Agreement is made as of this &.'11 day of /2/-/ d./71, 2018, by and Augusta,
Georgia, a political subdivision of the State of Georgia, by and through its Augusta Utilities Department,
hereinafter referred to as"Landlord" and Charles Thompson and Thompson Farms, hereinafter referred to
as"Tenant".
WHEREAS, Landlord and Tenant entered into a Lease Agreement dated April 17, 2012, for the
rent and use of a 29 acre property located off Doug Barnard Parkway, said property being a portion of a
tract of land known as the"Big Farm"; and
WHEREAS, the Lease Agreement will expire on December 31, 2018; and
WHEREAS, Landlord and Tenant now wish to extend the term of the Lease Agreement pursuant
to Section 3 of the Lease Agreement.
NOW THEREFORE, in consideration of the premises and mutual covenants contained herein and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:
1. The term of the Lease Agreement is hereby extended from January 1, 2019 to 12:00 midnight on
December 31, 2023.
2. The rent for the new term shall remain unchanged.
3. The address, for the Landlord, is changed to:
Augusta Utilities Department
Attn: Finance Director
452 Walker St., Suite 200
Augusta, GA 30901
4. Except as expressly stated herein, the terms of this Renewal shall be effective as of the first date of the
Extension Term.
5. Capitalized terms used herein but not otherwise defined shall have the meaning ascribed to them in the
Lease Agreement.
6. Except as expressly modified herein, the Lease Agreement remains unchanged and in full force and
effect.
8. This Renewal may be executed in one or more counterparts, each of which shall be deemed an original
and all of which together, shall constitute one and the same document.
9. The terms of this Renewal shall be governed by and construed in accordance with the laws of the State
of Georgia, without regard to its conflicts of law provisions.
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IN WITNESS WHEREOF,this Renewal has been executed and delivered as of the date first written
above.
LANDLOARD TENANT:
AUGUSTA, GEORGIA THOMPSON FARMS
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