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HomeMy WebLinkAbout2020-325-AMS-Lease_Termination_Letter Asset Management Services Steven Arndt, Asset Management Director P.O. Box 8181 * 131 West Margaret Lane, 3rd Floor * Hillsborough, North Carolina 27278 Telephone: 919 245-2625 Fax: 919-644-3001 E-mail: jethompson@orangecountync.gov May 15, 2020 VIA CERTIFIED MAIL RETURN RECEIPT REQUESTED Avison Young-NC, LLC 100 Europa Drive Suite 190 Chapel Hill, NC 27517 Avison Young-North Carolina, LLC 160 Mine Lake Court Suite 200 Raleigh, NC 27615 Re: Notice of Lease Termination / PIN 9867-41-0058 To Who It May Concern: As you know Orange County leased certain property upon particular terms all as more fully described in that certain Lease Agreement dated February 25, 2019, and expiring on August 15, 2019. A copy of the lease is enclosed. Pursuant to Article 5, the “Term and Option” section of the lease, along with Article 12, the “Surrender and Holding Over” section of the lease, this lease is now operating on a month-to-month basis. Please be advised that Orange County hereby provides notice of its intent to terminate the Lease effective June 22, 2020. Orange County will vacate, surrender and deliver possession of said real estate on said date. Thank you for your attention to this matter. Best Regards, Steven Arndt, Director ______________________________ DocuSign Envelope ID: 38F621B5-0D13-4180-BBFA-D7E7A59773D5 5/15/2020 DocuSign Envelope ID: 38F621B5-0D13-4180-BBFA-D7E7A59773D5