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Board clears lease assignment at Rocky Ford Road; proposed rent jumps from $6,000 to $36,685
Summary
Catawba County authorized staff to execute an amendment and assignment of the lease at 3961 Rocky Ford Road, allowing Blue Ridge Biofuels to transfer its lease to Lifecycle Renewables pending sale closing and proposing an increased annual base rent of $36,685.
The Board authorized the County Manager April 6 to execute an Amendment, Assignment and Assumption of Lease that would transfer Blue Ridge Biofuels' lease at 3961 Rocky Ford Road to Lifecycle Renewables, Inc., contingent on the asset sale closing.
County staff described the existing lease (originally entered in October 2014) and said Blue Ridge Biofuels…
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