Title
A Resolution of the Industrial Development Board of the City of Foley, Alabama for Lease Extension
Body
WHEREAS, Vulcan, Inc. is a tenant of the Industrial Development Board of the City of Foley, Alabama pursuant to a December 1, 1985 Lease Agreement recorded on Book 235, Pages 149, et. seq., Baldwin County Probate Judge Real Property Records, as supplemented by the First Supplemental Lease Agreement dated May 1, 1986 recorded on Book 251, Pages 1376, et. seq., Baldwin County Probate Judge Real Property Records (the “1985 Lease”); and
WHEREAS, the 1985 Lease is due to expire on December 1, 2025; and
WHEREAS, the parties to the 1985 Lease desire to renew and extend the term of the 1985 Lease before it expires;
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF FOLEY, ALABAMA, that the Chairman and the Secretary of the said Industrial Development Board are hereby authorized and directed to execute, attest, and deliver to Vulcan, Inc. the “Renewal of Lease Agreement” attached hereto as Exhibit “A.”