HomeMy WebLinkAbout2008-125 Purchasing - Telesis Construction Management Gateway lease PIN 9874-054501 .002 Prepared by and return to :
9874-054501 . 003 William D . Bernard
Brown & Bunch, PLLC
101 N. Columbia Street
Chapel Hill, NC 27514
STATE OF NORTH CAROLINA
MEMORANDUM OF LEASE
COUNTY OF ORANGE
THIS MEMORANDUM OF LEASE ( "Memorandum") is made and entered into effective as of
the 19" day of February, 2008, by and between TELESIS CONSTRUCTION MANAGEMENT, LLC ,
a North Carolina limited liability company, 1000 Corporate Drive, Suite 109 , Hillsborough, North
Carolina 27278 ( "Lessor"), and ORANGE COUNTY, NORTH CAROLINA, a body politic and
corporate and a political subdivision of the State of North Carolina, P . O . Box 8181 , Hillsborough, North
Carolina 27278 ("Lessee") .
WITNESSETH THAT:
WHEREAS , Lessor is the owner of those certain commercial condominium units located in
Hillsborough, Orange County, North Carolina, and more particularly described on the attached EXHIBIT
A which is incorporated herein by this reference (individually and collectively the "Units") ; and
WHEREAS, Lessor and Lessee have made and entered into that certain Lease Agreement with
respect to the Units having an Effective Date of February 28 , 2007, as same may be amended and/or
modified from time to time (the "Lease" ) ; and
WHEREAS , the parties desire to record this Memorandum for the purpose of providing record
notice of the existence of the Lease and certain of the terms contained therein.
NOW, THEREFORE , for and in consideration of the terms, covenants and conditions set forth
in the Lease and other good and 4 valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Lessor and Lessee hereby acknowledge and declare as follows .
1 . Pursuant to the terms of the Lease, Lessor has leased each of the Units to Lessee, and
Lessee has leased each of the Units from Lessor, for a term commencing on February 19 , 2008 and
expiring at 11 : 59 : 59 p .m. (local time) on February 20, 2009 .
LESSEE:
ORANGE COUNTY, NORTH CAROLINA,
a body politic and corporate and a political subdivision of
the State of North Carolina
By:
Barry Jacobs
Chair, Oran aoard o Fortimissioners
ATTEST*
Donna S . Baker, erk to the Orange
County Board of Commissioners
STATE OF NORTH CAROLINA
COUNTY OF ORANGE
I, WV
. Notary Public of the County and State aforesaid, certify that
Donna S . Baker per4onally came before me this day and acknowledged that she is Clerk to the Board of
Commissioners for ORANGE COUNTY, NORTH CAROLINA and that by authority duly given and
as the act of ORANGE COUNTY, NORTH CAROLINA, the foregoing instrument was signed in its
name by the Chair of said Board of Commissioners and attested by her as Clerk to said Board of
Commissioners .
Witness my hand and official seal or stamp, this the / day of �, 20080
otary Public
v Al
Typed or Printed Name of Notary Public
My commission expires : / 3 " p2M / (SEAL- STAMP)
[SIGNATURE PAGES CONCLUDE]
44
12925\01 \M\ 1090range County Memorandum of Lease (02 . 19.08 WDB Draft # 1 )
EXHIBIT A
DESCRIPTION OF UNITS
UNIT 200, GATEWAY CENTER CONDOMDNIUM, a commercial condominium unit as identified and
described in the plats and plans for Gateway Center Condominium recorded in Plat Book 103 , Pages 68
through 77, Orange County Registry, as same may be amended and/or modified from time to time (the "Plat
and Plans'), and in the Declaration of Condominium of Gateway Center Condominium recorded in Book
4458, Page 3 , Orange County Registry, as same may be amended and/or modified from time to time (the
"Declaration"); together with (a) a 32 .256% undivided interest in the Common Elements of Gateway Center
Condominium as provided in the Declaration, (b) the use of all Class II, Class IV and Class V Limited
Common Elements allocated to Unit 200 as provided in the Declaration and/or the Plat and Plans, and (c) any
and all easements and other rights appurtenant to Unit 200 as provided in the Declaration.
UNIT 300, GATEWAY CENTER CONDOMINIUM, a commercial condominium unit as identified and
described in the plats and plans for Gateway Center Condominium recorded in Plat Book 103 , Pages 68
through 77, Orange County Registry, as same may be amended and/or modified from time to time (the "Plat
and Plans'), and in the Declaration of Condominium of Gateway Center Condominium recorded in Book
4458 , Page 3 , Orange County Registry, as same may be amended and/or modified from time to time (the
"Declaration"); together with (a) a 32. 161 % undivided interest in the Common Elements of Gateway Center
Condominium as provided in the Declaration, (b) the use of all Class III, Class IV and Class V Limited
Common Elements allocated to Unit 300 as provided in the Declaration and/or the Plat and Plans, and (c) any
and all easements 'and other rights appurtenant to Unit 300 as provided in the Declaration.