HomeMy WebLinkAbout1995 S Purchasing - Contract to Renew Lease at Chapel Hill Senior Center copy 41P ft
MST.-
STATE OF NORTH CAROLINA EXERCISE OF LEASE OPTION
COUNTY OF ORANGE
Under the terms of a lease dated May 6, 1991, between Elliott Center Investors and the County of Orange,
pursuant to section 1.5 of the attached lease(exhibit A),the County chooses to exercise the second five-
year option for the leased premises;said option to commence on July 1, 1996 and shall end on June 30,
2001.
Section 2.1 (a) RENT, is hereby deleted and the following language is inserted:
(a) RENT: The annual rent during the term of this lease shall be as shown below. Rent shall be payable
by Tenant in equal monthly installments as shown below on or before the first day of each month in
advance, and without any deduction or set-off whatsoever.
July 1, 1996 through June 30, 1997: Area 1 = $62,471
Area 2= $30,008
July 1, 1997 through June 30, 1998: Area 1 =$65,595
Area 2=$31,508
July 1, 1998 through June 30, 1999: Area 1 = $68,875
Area 2=$33,083
July 1, 1999 through June 30,2000: Area 1 = $72,319
Area 2= $34,737
July 1,2000 through June 30,2001: Area 1 =$75,935
Area 2= $36,474
All other terms and conditions of lease shall remain the same.
IN WITNESS THEREOF,the Exercise of Option of the lease has been duly executed by the parties as of
the 17th day of January, 1995.
LANDLORD:
Elliott Center Investors
WITNESS: By:
General Partner
TENANT:
Orange County
By:
Moses Carey,Jr., Chair
WIT S:
Beverly . Blythe,
Clerk to the Board
NORTH CAROLINA
GRANGE COUNTY
a Notary Public for said County and State,do hereby certify that
l -zoo ,a general partner in Elliott Center Investors, personally
appeared before me this day and acknowledged the due execution of the foregoing instrument.
Witness my hand and official seal,this the day of'TZjjU c, , 1995.
—1 e f
otary Public
corwn'Ission expir4p:
�D��BCam:e®aae�s
ORANGE COUNTY
I, G "�a Notary Public for said County and State,do hereby certify that
Beverly A. Blythe personally came before me this day and acknowledged that she is Clerk to the Board of
Commissioners of Orange County,and that by authority duly given and as the act of Orange County,the
foregoing instrument was signed in its name by Moses Carey,Jr.,Chair,sealed with its official seal,and
attested by herself as its Clerk.
Witness my hand and official seal,this the 3 day of tkiil��, 1995.
Notary ublic
My coInmispion expires: