HomeMy WebLinkAbout2001 S Purchasing - Lease Renewal: Suite 106, 501 W. Franklin StSTATE OF NORTH CAROLINA
COUNTY OF ORANGE
45 -d/
LEASE RENEWAL AGREEMENT
THIS LEASE AGREEMENT RENEWAL made on the 15th day of May, 2001 by and between
James P. Lilley d /b /a Jim Lilley Properties, 501 West Franklin Street, Suite 106, Chapel Hill,
North Carolina, hereinafter referred to as Tenant and County of Orange, a politic subdivision of
the State of North Carolina, Post Office Box 8181, Hillsborough, North Carolina, hereinafter
referred to as "County ".
WITNESSETH:
WHEREAS, a lease agreement was made and entered into as of the 1St day of June, 1997, a
copy of which is attached as Exhibit A, between the County and Tenant;
WHEREAS, County and Tenant desire to renew the lease agreement and amend it;
NOW THEREFORE, County and Tenant mutually agree to the following:
4. Section 3 of Exhibit A shall be modified to read:
(b) This lease shall commence on June 1, 2001 and shall continue for a term of one
year, which ends on May 31, 2002, both dates inclusive, unless sooner terminated
as herein provided.
5. Section 2(b) shall be modified to read:
(b) The Tenant agrees to pay the County without demand at its office, or at such
other place or places as County may from time to time designate in writing, the
following rents and taxes for the aforementioned Premises for the term of this
lease:
June 1, 2001 through May 31, 2002:
Base rent: $796 per month; $9,552 per year
Taxes in lieu: $67 per month; $804 per year
6. All other terms and conditions of Exhibit A shall remain the same.
This the 15th day of May, 2001.
Tenant:
By: zz �/A
00mes P. Lilley
Witness:
County of Orange Attest:
By:
tephen Halkiotis, Chair everly A. lythe, Clerk