HomeMy WebLinkAbout1999 S Lease Renewal - Queue Inc., 501 W. Franklin St. w
ORIGINAL. SIGNATURES $K
STATE OF NORTH CAROLINA CGpy ,m — 3
COUNTY OF ORANGE LEASE AGREEMENIWIVEvVA'L- 1;�o�'�'�
THIS LEASE AGREEMENT RENEWAL made on the 1st day of June, 1999 by and between Queue,
Corporation, 501 West Franklin Street, Suite 201, Chapel Hill, North Carolina, hereinafter referred to as
Tenant and Orange County, 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:
1. Section 3 of Exhibit A shall be modified to read:
(a) This lease renewal commence on July 1, 1999 and shall continue for a term of six
months, which ends on January 31, 2000, both dates inclusive, unless sooner
terminated as herein provided.
(b) Tenant shall have an option to renew this lease for one additional renewal period of
six months under the same terms and conditions thereof. The option to renew must
be exercised by the Tenant on or before 60 days prior to expiration of the then existing
term of the lease.
2. 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:
Base rent: $936 per month; $5,516 semi-annually
Taxes: $ 96 per month; $ 576 semi-annually, subject to requirements pursuant to
Section 3(c) of Exhibit A.
3. All other terms and conditions of Exhibit A shall remain the same.
This the ~I r' day of �'�y , 1999.
Queue Corporation: Witness:
By: - (Seal) /�, l J > 'L
Orange County Attes
By � r h (Seal)
Alice M. Gordon, Chair Beverly A.Nflythe, Clerk
Board of County Commissioners Board of County Commissioner
NORTH CAROLINA
ORANGE COUNTY
1, , z , a Notary Public for said County and State,
certify that 4/�,&
personally came before me this day and acknowledged that
she is Clerk to the R 5 and Of C6rr(missioners 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 Alice M. Gordon, Chair,
sealed with its official seal, and attested by herself as its Clerk.
Witness my hand and official seal, this the O/ day of 1994.
My commission expires: 146tary Public
OFFICIAL SEAL
Notary Public-North Carolln
ORANGE COUNTY
EVELYN M.CECIL
NORTH CAROLINA Mv Commission Expires
ORANGE COUNTY
I, a Notary Public for said County and State,
do hereby certify that 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
19W.
My commission expires: Notary Publ-rc
OFFICIAL SEAL
Notary Public-North Camil.0
ORANGE COUNTY
EVELYN M.CECIL
MY commission Expires