HomeMy WebLinkAbout1999 S Purchasing - Lease Agreement Renewal--Coldwell Banker, 501 West Franklin Street ORICAINAi. SIGNATURES
COPY #
NORTH CAROLINA
COUNTY OF ORANGE LEASE AGREEMENT RENEWAL
WHEREAS a lease agreement was made and entered into as of the first day of March,
1996 by and between the Devisees of Orville B. Campbell, whose interests were
purchased in July, 1996 by the County of Orange, hereinafter referenced as the County,
and Coldwell Banker, hereinafter referenced as Tenant, for space to be used as offices
for the Tenant at 501 West Franklin Street, Chapel Hill, North Carolina;
WHEREAS, the County and the Tenant mutually agree to the following:
1. The lease agreement will be continued for a period of three years
commencing on March 1, 1999 and ending at 12:00 midnight on February
28, 2002.
2. Rent for the renewal term is set as follows:
The total rental for the three year renewal term shall be one hundred sixty
thousand two hundred and fifteen dollars ($160,215) payable in equal
monthly installments of$4,341 each, for the first year and an annual
increase of two and one half percent (2 .5 %) increase for each year
thereafter.
3. Section 32 shall be modified to read as follows:
Notices. For the purpose of notice or demand, the respective parties shall
be served by certified or registered mail, return receipt requested,
addressed to the County or the Tenant at their respective office address,
as set forth herein:
To County:
Orange County
Director of Purchasing and Central Services
PO Box 8181
Hillsborough, NC 27278
AND
Stephen J. Manton, agent
ESM Associates
PO Box 4523
Chapel Hill, NC 27515
Tenant:
Ms. Glenn Sumner
Coldwell Banker, Realty Center
501 West Franklin Street
Chapel Hill, NC 27514
4. All other terms and conditions shall remain the same.
This agreed to the day of 1999.
COUNTY:
Alice M. Gordon, Chair
Attest: (SEAL)
4rly A. lythe, Clerk t6 the Board
TENANT:
lenn G. Sumner, President
Witness: (SEAL)
L�ac'1= �.
This instrument has been pre-audited in the
manner required by the Local Government
Budget and Fiscal Control Act.
neth Chavious,
Orange County Finance Director
AW
' ' ASSOCIATES
'Investment &Commercial Real Estate
ME -MORANDUM
To: Tenants'of the Bentley Budding
From: Stephen J. Manton, CCIM,property manager
Ref: Parinne,at the.property
Date: July`22,A996 u.
As announced.earlier, the Bentley.and,Camp6ell',Buildings have been sold,and the new a
owners are Orange County government I:promisO-you a seamless transition'between
owners and-I hope that h will be. If you-have.any communications or problems that need
attention, I will continue•to be as in the'past, 'responsive to you: I ask:for a-little bit of
X:
time in order`ta answer�a iy,4questlor�,of concerns related to major-needs and interests.
The Orange County people would like to'gain a better-handle.on the parking lot use and
have-'a'sk ed me to please begin the :enforcement of the`assigned parking spaces:: I am <;
advising you that as o f August 1,.199b if vehicles are-parked,in the Bentley Building or
Campbell Building parking lot�without proper stickers displayed in the rear window, they .
will.be subject to being towed. All,previously assigned parking spaces are numbered.and Y
recorded, so unless J learn of any-unusual circumstance that would prohibit your using
your assigned space, 1-will assume that all-is,acceptable.
'A copy.af.the otiginal assignment ,of'spaces,is-herewith attached, and [-ask
---that--you--please respect the butt visitor parking spaces and the two
handicap parking to be used as intended - For visitors and
handicapped visitors.
Your cooperation will be appreciated and hopefully will provide us with the ability,to
monitor the.parking'of your vehicles and everyone's interest.
Thank you.
® P.O. Box 4523 •Chapel Hill, NC 27515-4523 + (919) 929-5551 + Fax (919) 929-1115
BENTLEY BUILDING
c/o ESM ASSOCIATES
P.O. BOX 4523
CHAPEL HILL, NC 27515
(919) 929-5551
Parking Assignment
15 - 31 Realty Center - Coldwell Banker Real Estate
32 - 34 Jim Lilley Properties
35 - 36 Chapel Hill Board of Realtors
37 - 38 William D. Rogers Trade Group
39 - 42 Hewlett-Packard Graphics Lab
43 Alan B. Gray Insurance
44 - 47 Rental Resources of Durham Chapel Hill
48 - 51 Hewlett-Packard Graphics.Lab
57 - 59 Interstate Johnson Lane
60 - 65 Orange County
66 - 73 Hewlett-Packard Graphics Lab
PARKING SPACES MARKED G4VISITOR AND "HANDICAPPED" $=s
ARE -PROVI 3ED FOR-HOSE SNORT TERM VESTS OF —A
TENANT. PLEASE DO NOT INCONVENIENCE THOSE WHO
NEED THOSE sPEcrAz SPACES. SHORT TERM DOES NOT
MEAN OR SUGGEST THAT TENANTS PARK TARE SO AS TO
"RUN INTO 'THEIR OFFICE FOR A`MINUTE"
To assist in the monitoring of the parking areas, please display the appropriate Bentley
Building Parking Decal on your automobile's rear window. Thank you.
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