HomeMy WebLinkAbout2000 S Purchasing - Lease Renewal: Drivers License Bureau at Carrboro Plaza ° 40C
10 ORIGINAL SIGNATURES
COPY O 13
STATE OF NORTH CAROLINA DIST:
COUNTY OF ORANGE
LEASE RENEWAL
THIS LEASE RENEWAL, made and entered into this, the 3rd_ day of October
2000, between CARRBORO BELMAN, S.C. LIMITED PARTNERSHIP
("Landlord")and the County of Orange("County");
WHEREAS, a lease agreement was made and entered into as of the & day of
February, 1995, and amended April 18, 1995, between the County and the Landlord
(the"Lease"); and
WHEREAS, the Lease was renewed for an additional three (3) year period on
October 21, 1997; and
WHEREAS, the Lease was amended by the execution of that certain Amendment to
Shopping Center Lease,dated October 27, 1997; and
WHEREAS, the County and the Landlord desire to renew the Lease and extend the
term for an additional period of three(3)years, as stated herein.
NOW,THEREFORE,the County and the Landlord mutually agree to the following:
Section 2"Term'shall be modified to read:
2. Term. The term of this Lease Renewal shall commence on
February 1,2001 and shall continue for a period of three(3) years, with
expiration at 12:00 midnight on January 31, 2004, unless sooner
terminated as hereafter provided.
Section 3 "Guaranteed Minimum Rental"shall be modified to read:
3. Effective February 1, 2001, the County agrees to pay to the
Landlord at the office of the Landlord or at such other place designated
by the Landlord guaranteed rental amount as follows:
February 1,2001 —January 31,2002: $1,250 per month
February 1,2002—January 31,2003: $1,300 per month
February 1,2003—January 31,2004: $1,352 per month
Rent is due and payable by the first calendar day of each month.
All other terms and conditions shall remain the same.
ti
The parties hereto have executed this LEASE RENEWAL as of the date and year first
written above.
LANDLORD: CARRBORO BELMAN,
S.C.LIMTr.Ip PARTNERS
By: Tr Project n ---`
G Partn
Bruno Di Spirito
ATTEST:
Secretary//
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Moses Carey, Jr., Chair
Beverly A.Ilythe, Clerk
Orange County Board of Commissioners
Orange County Board of Commissioners
RAI MOI:S68398.1