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HomeMy WebLinkAbout2021-299-AMS-C3 Hillsborough-Rent-lease for 115 E king st for Public DefendersLease Amendment This Lease Amendment is hereby made and entered into by and between C3 Hillsborough LLC ("Landlord") and the following tenants (the "Tenant") (collectively the "Parties") on _________________: Orange County, Office of the Public Defender BACKGROUND: Landlord and Tenant have previously entered into a Lease Agreement ("the Lease") dated October 23, 2019 whereby Orange County, Office of the Public Defender leased Premises from C3 Hillsborough LLC located at 115 East King Street, Hillsborough, Orange County, North Carolina 27278, more specifically described in the Lease; and Landlord and Tenant desire to amend the Lease as described in this agreement. AGREED TERMS: For and in consideration of the mutual covenants and promises in this agreement, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Parties agree as follows: 1.Landlord and Tenant both acknowledge and agree that the Lease is currently in effect and that neither party is in breach or default of the Lease. 2.Landlord and Tenant amend the Lease as follows: Replace the first sentence of TERM 2 on page 1 with: “The term of this Lease shall commence on June 1, 2021("Lease Commencement Date"), and shall end at 11:59 p.m. (based on the time at the locale of the Premises) on May 30, 2024, unless sooner terminated as herein provided.” Replace the first sentence of RENTAL 3 on page 3 with: “Beginning on May 1st, 2021 ("Rent Commencement Date"), Tenant agrees to pay Landlord (or its Agent as directed by Landlord), without notice, demand, deduction or setoff, an annual rent of $ 50,286.66, payable in equal monthly installments of $4,190.56, in advance on the first day of each calendar month during the term hereof.” 3.Except as specifically amended above, the original terms and provisions of the Lease remain in full force and effect, and both Landlord and Tenant affirm and consent to the Lease, as amended in this agreement, and agree to be bound accordingly. 4.This Lease Amendment can be recorded at the discretion of the Parties, or the Parties can prepare a short form memorandum of this Lease Amendment which can be properly executed and recorded in the Register's Office for Orange, North Carolina. May 27, 2021 DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F 5. All of the terms, covenants and conditions of the Lease as amended to date shall continue in full force and effect, and the same are reaffirmed, remade and rewritten, except to the extent that any such terms, covenants or conditions have been nullified or conflict or are inconsistent with the terms of this Amendment to Lease, in which event the terms of this Amendment to Lease shall, in all respects, govern and prevail. 6. This Amendment to Lease shall be binding upon and shall inure to the benefit of the Parties and their respective successors and assigns. No reference in the preceding sentence to assigns shall be deemed to authorize any assignment or other transfer, in whole or in part, of the interest of Tenant in violation of any of the provisions of the Lease. IN WITNESSD WHEREOF, this Lease Amendment has been executed on the day and date first above written. Landlord: By:__________________________________ Date:___________________ C3 Hillsborough, LLC Tenant: By:__________________________________ Date:___________________ Orange County DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F 5/27/2021 5/31/2021 DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F 5/27/2021 5/27/2021 5/30/2021 5/31/2021 X X X Cyber Liability X X X X X Limit Deductible 191,921,680$ $1,000 5/25/2021 Certificate Mailed/E-Mailed or Faxed to: C3 Hillsborough LLC FPP 128 LLC 0 0 LIABILITY AND PROPERTY COVERAGE CERTIFICATE COVERAGE PROVIDER: NCACC Liability and Property Pool MEMBER: 323 West Jones St., Suite 500 Raleigh, NC 27603 P.O. Box 8181 Hillsborough, NC 27278 July 1, 2021 July 1, 2021 This certificate is provided by the NCACC Liability and Property Pool and is issued as a matter of information only. This certificate confers no rights upon the certificate holder other than those provided in the coverage document. This certificate does not amend, extend, or alter the coverage afforded by the coverage documents listed herein. Liability Orange County COVERAGES Limits $2,000,000 occurrence LP-OR-067-20 Effective Date Expiration Date Type of Coverage Coverage Contract # Excess Liability General Liability – Each Occurrence, No Aggregate applies Public Officials Liability, Each Wrongful Act Law Enforcement Liability, Each Occurrence LP-OR-067-20 LP-OR-067-20 LP-OR-067-20 LP-OR-067-20 July 1, 2020 July 1, 2020 July 1, 2020 July 1, 2020 July 1, 2020 $4,000,000LP-OR-067-20 Automobile Liability July 1, 2021 July 1, 2021 July 1, 2021 July 1, 2020 July 1, 2021 July 1, 2021 July 1, 2020 Cancellation: Should any of the described coverage documents herein be cancelled before the expiration date shown, the NCACC Pools will endeavor to mail written notice to the Certificate Holder named herein, but failure to mail such notice shall impose no obligation or liability of any kind upon the NCACC Pools, its agents or representatives, or the issuer of this certificate. C3 Hillsborough LLC FPP 128 LLC By: Willie J. Allen Jr., Underwriter for the NCACC CERTIFICATE HOLDER: Additional Information: Evidence of Coverage. $2,000,000 occurrence LP-OR-067-20 LP-OR-067-20 July 1, 2020 LP-OR-067-20 Scheduled Vehicles Hired Autos (if coverage is not purchased elsewhere)LP-OR-067-20 Excess Auto Liability for Non-Owned Autos July 1, 2021 July 1, 2020 All Owned Autos, Each Accident Hired Autos, Each Accident $1,000,000 aggregate Claims Made July 1, 2021 LP-OR-067-20 July 1, 2021 Property – Risks of Direct Physical Loss, Blanket Limit July 1, 2020 July 1, 2020 July 1, 2021 The Certificate Holder is Additional Insured with resepcts to 115 King Street. Automobile Physical Damage Actual Cash Value at the time of the Loss, unless otherwise specified in the Coverage Document; Deductible Applies DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. CANCELLATION © 1993-2015 ACORD CORPORATION. All rights reserved.ACORD 27 (2016/03) The ACORD name and logo are registered marks of ACORD THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. PROPERTY INFORMATION LOCATION/DESCRIPTION COVERAGE INFORMATION COVERAGE / PERILS / FORMS AMOUNT OF INSURANCE DEDUCTIBLE PHONE (A/C, No, Ext): (A/C, No): FAX E-MAIL ADDRESS: AGENCY THIS EVIDENCE OF PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. CUSTOMER ID #: AGENCY SUB CODE:CODE: INSURED LOAN NUMBER POLICY NUMBER TERMINATED IF CHECKED CONTINUED UNTIL EXPIRATION DATEEFFECTIVE DATE THIS REPLACES PRIOR EVIDENCE DATED: COMPANY DATE (MM/DD/YYYY) EVIDENCE OF PROPERTY INSURANCE REMARKS (Including Special Conditions) MORTGAGEE ADDITIONAL INSURED LOSS PAYEE ADDITIONAL INTEREST NAME AND ADDRESS AUTHORIZED REPRESENTATIVE LOAN # PERILS INSURED BASIC BROAD SPECIAL LENDER'S LOSS PAYABLE Hillsborough NC 27278 PO Box 8181 Orange County 1,0002,500Sign Systems Breakdown - Basic 1,00010,000Depositor's Forgery 1,00025,000Valuable Papers 1,00025,000Accounts Receivable 1,00010,000Trees, Shrubs and Plants 1,00010,000Monies and Securities off Premises 1,00010,000Monies and Securities on Premises 12Business Income with Extra Expense 1,000143,900Building LOC: 1 BLDG: 1 - PR Loc: 1 Sub: 1 OFFICE - PROFESSIONAL - NOC (65400) 27278-2570NCHillsborough 115 E King St 06/30/202106/30/2020 ACPBPOG3047759560 27278-2339NCHillsborough 238 S Nash St Fpp 128, LLC/ C3 Hillsborough NATIONWIDE GENERAL INS CO 02134602 Jean@seagrovesinsurance.com 9199428733 27312NCPittsboro 35 Suttles Rd. Ste. 150 Seagroves Agency, Inc. 5/25/2021 DocuSign Envelope ID: 68F05080-33EE-41E0-93FD-DE049F29D80F