HomeMy WebLinkAboutAgenda - 11-15-2005-5iORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 15, 2005
Action Agenda
Item No. 5-,
SUBJECT: Lease Renewal: 501 W. Franklin
DEPARTMENT: Purchasing and Central
Services
Suite #105
PUBLIC HEARING: (YIN)
ATTACHMENT(S):
Lease Renewal/Terradotta,com, Inc.
INFORMATION CONTACT:
Pam Janes (919) 245-2652
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
No
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, 2005 through December
2, 2006,
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 far one
additional year, The current lease of $700 per month is recommended to increase to $725 per
month, a 3,6% 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 $8,700 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, 2005
through December 2, 2006 for a monthly rental fee of $725; 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 Hill, North
Carolina, hereinafter referred to as Tenant and Orange County, a politic subdivision of the
State of North Carolina, Past Office Box 8181, Hillsborough, North Carolina, hereinafter referred
to as "County".
WITNESSETH:
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, 2005 and shall continue
for a term of one year, which ends on December 2, 2006, 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 $725 per month
($8,700 per annum),
2. All other terms and conditions of Exhibit A shall remain the same.
This the day of , 2005
TerraDatta.Com, Inc.
Witness:
By: (Seal)
Brandon S. Lee
Orange County
Attest:
(Seal)
Donna S. Baker, Clerk to the Board
Board of County Commissioner
By
Chair
Board of County Commissioners