HomeMy WebLinkAbout1998 NS Lease Agreement - Purchasing - Lease Renewal - 103 Laurel Ave., Carrboro NORTH CAROLINA
COUNTY OF ORANGE LEASE AGREEMENT RENEWAL
WHEREAS a lease agreement was made and entered into as of the sixth day of July,
19871 by and between the County of Grange, (the County) and Grey Moody (the Owner)
for space to be used as offices for County and court functions at 103 Laurel Avenue,
Carrboro, North Carolina;
WHEREAS , the County and the Owner mutually agree to the following:
1. The lease agreement will be continued for a period of one year
commencing on July 1, 1998 and ending at 1 2:00 midnight on June 30, 1999.
2. The Owner will notify the County by January 1, 1999 of his intentions as it
respects the sale of the building. If sale of the property does not occur, the County may
extend the lease for an additional two years beginning July 1, 1999 and ending 12:00
midnight on June 30, 2001.
2. Section 3 (b), Rent Schedule, shall read as follows:
Rent during the one year renewal shall be forty thousand fifty six and 001100
dollars ($40,056), payable in monthly installments of three thousand three hundred
thirty eight and 001100 dollars ($3,338), each monthly installment payable on the first
day of each month during the term of this lease renewal.
Rent for future renewals, if any, will be negotiated when intent to renew is
expressed by the Landlord.
3. The county shall reimburse the Owner for real estate taxes assessed
against the [eased premises within 30 days of receipt of invoice from the Owner and
proof of payment by the Owner.
4. All other terms and conditions shall remain the same.
This agreed to the day of , 1998.
Grey Moody, Owner
County:
Seal
Margaret W. Brown, Chair
ATTEST:
Beverly A. Blythe, Clerk to the Board