HomeMy WebLinkAboutAgenda - 12-14-2004-5nORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: December 14, 2004
Action Agenda
Item No. ,~j - ~
SUBJECT: Lease Renewal: 501 W. Franklin Street, Suite #105
DEPARTMENT: Purchasing and Central PUBLIC HEARING: (Y/N) No
Services
ATTACHMENT(S):
Lease Renewal/Terradotta.com, Inc.
INFORMATION CONTACT:
Pam Jones, (919) 245-2652
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To consider approving a lease renewal with Terradotta.com, a software consulting
firm, for space at 501 W. Franklin Street commencing on December 3, 2004 through December
2, 2005.
BACKGROUND: A software consulting firm, Terradotta.com, has leased Suite 105 at 501 W.
Franklin Street since December 2, 2002. The tenant wishes to renew the lease for one
additional year. The current lease of $675 per month is recommended to increase to $700 per
month, a 3.7% increase. The tenant would continue to pay for all utilities, cleaning and interior
maintenance of the space.
No further modifications to the original lease are suggested.
FINANCIAL IMPACT: The County would receive $8,400 in rent as a result of this action.
RECOMMENDATION(S): The Manager recommends that the Board:
Approve the lease renewal as presented for Terradotta.com for the term December 3, 2004
through December 2, 2005 for a monthly rental fee of $700; and authorize the Chair to sign
on behalf of the Board.
STATE OF NORTH CAROLINA
COUNTY OF ORANGE
LEASE AGREEMENT RENEWAL
THIS LEASE AGREEMENT RENEWAL made on the 2nd day of December, 2002 by and between
Terradotta.com, Inc., 501 West Franklin Street, Suite 105, Chapel HiII, 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".
WITNESSE'TH:
WHEREAS, a lease agreement was made and entered into as of the 2nd day of December, 2002, 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:
Section 3 of Exhibit A shall be modified to read:
(a) This lease renewal shall commence on December 3, 2004 and shall continue for a
term of one year, which ends on December 2, 2005, both dates inclusive, unless
sooner terminated as herein provided..
(c) 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 sum of $700 per
month ($8,400 per annum),
2. All other terms and conditions of Exhibit A shall remain the same,
This the day of , 2004
Terradotta.com, Inc.
By: (Seal)
Brandon S. Lee
Orange County
By
Moses Carey, Chair
Board of County Commissioners
(Seal)
Witness:
Attest:
Donna S, Baker, Clerk to the Board
Board of County Commissioner
NORTH CAROLINA
ORANGE COUNTY
a Notary Public for said County and State,
certify that 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 day of
My commission expires:
NORTH CAROLINA
ORANGE COUNTY
2004.
Notary Public
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 , 2004.
My commission expires: Notary Public