HomeMy WebLinkAboutOTHER-2025-029-Renewal of County’s Lease of 1000 Corporate Drive, Hillsborough for the Orange County Attorneys office I ; 1 - h ;
SECOND AMENDMENT OF LEASE
THIS SECOND AMENDMENT OF LEASE ( " Amendment" ) is made and entered into
effective as of the Date of Amendment (as hereinafter defined) by and between and between 1000
CORPORATE DRIVE, LLC , a North Carolina limited liability company ("Landlord") ; and ORANGE
COUNTY, NORTH CAROLINA, a body politic and corporate and a political subdivision of the State
of North Carolina ("Tenant") .
Recitals
Landlord and Tenant have made and entered into that certain Commercial Lease Agreement
having an effective date of April 3 , 2020 , as amended and/or modified that certain Amendment of Lease
having an effective date of February 22 , 2023 (the " Lease") , pursuant to which Landlord leased to Tenant,
and Tenant leased from Landlord, certain premises located at 1000 Corporate Drive, Suites 401 and 402 ,
Hillsborough, Orange County, North Carolina 27278 .
Landlord and Tenant now desire to further amend and/or modify the Lease as provided below.
NOW, THEREFORE, for and in consideration of the Lease, the terms , covenants and conditions
set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto covenant and agree as follows :
1 . Definitions . Unless otherwise expressly defined herein, all terms defined in the Lease shall
have the same meanings in this Amendment as are ascribed to them in the Lease .
2 . Extension of Term . The term of the Lease is hereby extended for a period of three (3 ) years
commencing on May 1 , 2025 , and ending at midnight (local time) on April 30 , 2028 , unless
sooner terminated as provided in the Lease .
3 . Rent. Commencing on May 1 , 2025 , Tenant shall pay to Landlord or Landlord' s designated
agent, without demand, deduction or set off, annual rent for the Premises in the amount of $ 52 , 862 . 88 ,
payable in equal monthly installments in the amount of $4 ,405 . 24 each, in advance, on the first day of
each month commencing on May 1 , 2025 . Commencing on May 1 , 2026 , Tenant shall pay to Landlord
or Landlord' s designated agent, without demand, deduction or set off, annual rent for the Premises in
the amount of $ 54,448 . 80 , payable in equal monthly installments in the amount of $4, 537 .40 each, in
advance, on the first day of each month commencing on May 1 , 2026 . Commencing on May 1 , 2027 ,
Tenant shall pay to Landlord or Landlord' s designated agent, without demand, deduction or set off,
annual rent for the Premises in the amount of $ 56,082 , 20 , payable in equal monthly installments in the
amount of $ 4, 673 . 52 each, in advance, on the first day of each month commencing on May 1 , 2027 , and
continuing thereafter for the remainder of the Term .
4. Date of Amendment. When and as used herein, " Date of Amendment" shall mean the date
as of which both Landlord and Tenant shall have executed this Lease as indicated below.
5 . Effect of Amendment. Except to the extent expressly amended and/or modified herein, all of
the terms, covenants and conditions contained in the Lease shall remain in full force and effect. To the
extent any term, covenant or condition contained in this Amendment conflicts or is inconsistent with any
term, covenant or condition contained in the Lease, the term, covenant or condition contained in this
Amendment shall be paramount and controlling and the Lease shall be construed consistent therewith.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be duly executed
effective as of the day and year indicated below.
LANDLORD :
1000 CORPORATE DRIVE, LLC ,
a North Carolina limited liability company
By : (Seal)
James W . Parker, Jr. , Manager
Date :
TENANT :
ORANGE COUNTY, NORTH CAROLINA,
a body politic and corporate and a political subdivision of the State of North Carolina
By : ( Seal)
County Manager
Date :
- 2 -