Free lease termination agreement 41Free lease termination agreement 41
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LEASE TERMINATION AND RELEASE AGREEMENT
THIS LEASE TERMINATION AND RELEASE AGREEMENT ("Agreement") is made
effective as of June 12, 2017 (“Effective Date”) by and between NEWBURY DEVELOPMENT
ASSOCIATES, LP, a Pennsylvania limited partnership, successor in interest to Kopper’s
Company, Inc. (“Landlord”), and the TOWNSHIP OF SOUTH FAYETTE (“Tenant”).
WHEREAS, Landlord and Tenant are parties to that certain Lease Agreement dated the
5 day of November, 1981, as amended (the "Lease"), for a 10.5 acre parcel of land located on a
portion of Parcel G of the Newbury Plan of Lots - 1st Revision, of record in the Department of
Real Estate of Allegheny County in Plan Book Volume 261, page 166, for use as a soccer field
(the "Premises").
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WHEREAS, Landlord and Tenant desire to terminate the Lease as of June 12,
2017, per the terms and conditions of this Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Tenant and Landlord