Free lease termination agreement 09Free lease termination agreement 09
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LEASE TERMINATION AGREEMENT

THIS AGREEMENT made this ______ day of May, 2018, by and between Charlotte
Mecklenburg Historic Landmarks Commission (“Lessor”), a commission created by Mecklenburg
County and the City of Charlotte, having its principal office at 2100 Randolph Road, Charlotte, North
Carolina, and the North Carolina Transportation Museum Foundation (“Lessee”), a 501(c)(3) nonprofit, North Carolina corporation, having its principal office at 411 S. Salisbury Ave., Spencer, NC
28159.
WITNESSETH:
WHEREAS, said Lessor currently has an existing lease, (“Lease”), with Lessee for the property
known as Streetcar #85 (“Streetcar”); and,
WHEREAS, the Lessee has been in possession of the Streetcar since on or about February 1,
2016; and,
WHEREAS, the Streetcar controllers an the front end have been damaged and the Lessee has
agreed to pay the cost of repairing the controller and the front end damage to the Lessor upon written
demand by Lessor but not less than 30 days from such written