FACILITIESAPPROVED

Village of Pinehurst Council Meeting Agenda Packet May 12 2026

Village leases Harness Track Barn 19 to Scott Norris

$13,572 for the first year (in equal monthly installments); annual CPI-based adjustments thereafterPinehurst villageNORRIS, SCOTTMay 12, 2026

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Description

The Village Council approved Resolution 26-19 authorizing a five-year lease of Barn No. 19 at the Pinehurst Harness Track to Scott Norris doing business as Scott Norris Horse Transportation. The tenant will pay $13,572 in the first year with annual CPI-based adjustments over a term from July 1, 2026, through June 30, 2031.

Contract Details

Contract Amount

$13,572 for the first year (in equal monthly installments); annual CPI-based adjustments thereafter

Vendor

NORRIS, SCOTT

Agency

Pinehurst village, NC

Contract Type

FACILITIES

Document Date

May 12, 2026

Contract Term

5-year lease term from July 1, 2026 through June 30, 2031

Renewal Date

2031-06-30

Renewal Info

Initial fixed term lease for five years beginning July 1, 2026 and expiring June 30, 2031, with rent subject to annual CPI-based adjustments as specified in the lease; no explicit renewal options described in the minutes.