BMX - Laserfiche WebLink

New Search

THE PARTIES THEREFORE AGREE AS FOLLOWS: SECTION 1. AGREEMENT TO LEASE County hereby leases to Emerald Valley and Emerald Valley hereby leases from County, on the terms and conditions set forth below, the following described Premises: LEGAL DESCRIPTION A PARCEL OF LAND LYING IN THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 33 TOWNSHIP 17 SOUTH, RANGE 3 WEST, WILLAMETTE MERIDIAN; ALL BEING A PORTION OF THE TRACT OF LAND CONVEYED TO LANE COUNTY BY THAT CERTAIN DEED RECORDED ON REEL 156 RECORDERS RECEP- TION NUMBER 5000, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS. BEGINNING AT THE NORTHWEST CORNER OF SECTION 33, TOWNSHIP 17 SOUTH, RANGE 03 WEST OF THE WILLAMETTE MERIDIAN; THENCE RUNNING ALONG THE SOUTH LINE OF THAT CERTAIN SURVEY BY STEVEN E. FORD FILED IN THE LANE COUNTY SURVEYOR'S OFFICE AS COUNTY SURVEY FILE NUMBER 14629, SOUTH 87 50'15" EAST 71.16 FEET; THENCE SOUTH 87 57'15" EAST 103.84 FEET TO THE TRUE POINT OF BEGINNING; THENCE LEAVING SAID SURVEY AND RUNNING SOUTH 2 02'45" WEST 347.00 FEET; THENCE SOUTH 87 57'15" EAST 627.00 FEET, THENCE NORTH 2 02'45" EAST 347.00 FEET TO THE SOUTH LINE OF THE ABOVE DESCRIBED SURVEY; THENCE ALONG SAID SURVEY LINE NORTH 87 57'15" WEST 627.00 FEET TO THE TRUE POINT OF BEGINNING, IN LANE COUNTY OREGON. CONTAINING 5.0 ACRES, MORE OR LESS SECTION 2. TERM 2.1 TERM. The term of this lease shall be for 10 years, beginning on MANE 41r+ , 1992 and continuing until midnight on Zw4r 3rd , 2002, unless extended or sooner terminated as provided in this lease. 2.2 RENEWALS. 2.2.1 Emerald Valley may, by written notice to County given not less than 120 days prior to the expiration of the term ending in the year 2002, renew this lease for one additional term of 10 years. This first renewal is at Emerald Valley's sole option. WP bc/sc/00129/C 2