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HomeMy WebLinkAboutAgenda 03-05-2026; 8-j - Approval of Eno Arts Mill Suite 17 Lease Amendment for Orange County Arts Commission 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 5, 2025 Action Agenda Item No. 8-j SUBJECT: Approval of Eno Arts Mill Suite 17 Lease Amendment for Orange County Arts Commission DEPARTMENT: County Manager ATTACHMENT(S): INFORMATION CONTACT: 1. OCAC Suite 17A & 17B Amendment Katie Murray, Director, 919-245-2335 One 2. Eno River Mill Rental Payment Suspension Letter PURPOSE: To approve Amendment One to the Eno Arts Mill Suite 17 Lease. BACKGROUND: Orange County entered into a five-year lease agreement with the Eno River Mill on June 1, 2021 for Suite 17. The space contains the Orange County Arts Commission (OCAC) offices, a conference room, classroom, gallery, and four (4) artist studios. The current lease expires May 31, 2026. Amendment One (Attachment 1) provides for a five-year extension of the lease through May 31, 2031. Due to flooding caused by Tropical Storm Chantal in July 2025, the rent payments to the Eno River Mill were suspended until restoration is complete and occupancy is permitted by the County (Attachment 2). This was originally anticipated to occur in March 2026, but likely will be later due to permitting delays. FINANCIAL IMPACT: Orange County will pay the Eno River Mill annual rent, increasing 2.5% per year: BEGIN END ANNUAL MONTHLY 6/11/2026 5/31/2027 $81,461.39 $6,788.45 6/11/2027 5/31/2028 $83,497.92 $6,958.16 6/11/2028 5/31/2029 $85,585.37 $7,132.11 6/1/2029 5/31/2030 $87,725.01 $7,310.42 6/1/2030 5/31/2031 $89,918.13 $7,493.18 Rental costs of the Eno River Mill are reimbursed on an annual basis by the Orange County Arts Alliance, the operating partner of the Eno Arts Mill, per the Memorandum of Understanding between the Arts Alliance and the County. ALIGNMENT WITH STRATEGIC PLAN: This item supports: • GOAL 2: HEALTHY COMMUNITY 2 OBJECTIVE 7. Invest in services and programs that improve the health and quality of life of the community (e.g., recreation and public open spaces, arts, etc.) • GOAL 6: DIVERSE AND VIBRANT ECONOMY OBJECTIVE 1. Provide family-oriented and inclusive programming or other cultural events for residents and visitors. OBJECTIVE 4. Provide resources to small, creative, and agro-businesses that add character and quality of life to our community to attract employers, employees, and visitors. RECOMMENDATION(S): The Manager recommends that the Board approve and authorize the Manager to sign Amendment One to the Eno Arts Mill Suite 17 Lease. Attachment 1 3 ORANGE COUNTY STATE OF NORTH CAROLINA AMENDMENT ONE TO LEASE AGREEMENT THIS AMENDMENT ONE (hereafter "Amendment") to the Lease Agreement dated May 25,2021 (the "Lease") for the Premises known as Suite 17A & 17B of the Eno River Mill, 437 Dimmocks Mill Road, Hillsborough, NC which is more particularly described in the Lease, is made and entered into on the day of December, 2025 by and between Eno River Mill, LLC, a North Carolina limited liability company (hereinafter "Landlord"), and Orange County, a political subdivision of the State of North Carolina corporation (hereinafter "Tenant") (hereafter the Lease and Amendments shall be referred to as the "Lease"). WITNESSETH Landlord and Tenant desire to extend the Term of the Lease for a period of five (5) years. In consideration of such extension, the mutual covenants herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, Landlord and Tenant agree as follows: 1. TERM. Paragraph 3 of the lease entitled "Term" is amended to extend the Term of the Lease for five years (the "Extension Term"). The Expiration Date as used in the Lease shall hereafter mean May 31, 2031. 2. RENT. Rent during the extended term is shown below: START END ANNUAL MONTHLY 6/1/2026 5/31/2027 $81,461.39 $6,788.45 6/1/2027 5/31/2028 $83,497.92 $6,958.16 6/1/2028 5/31/2029 $85,585.37 $7,132.11 6/1/2029 5/31/2030 $87,725.01 $7,310.42 6/1/2030 5/31/2031 $89,918.13 $7,493.18 ERM and OCAC Amendment One to Lease on Suite 17A& 17B 4 3. ADDITIONAL RENT. Paragraph 6 of the lease entitled Additional Rent and Exhibit D are amended to increase the cap on the Operating Expense Differential. The Cap on the operating expense differential will increase by 2.5% per year during the extended term. 4. MISCELLANEOUS. Except as modified herein, the terms and conditions of the Lease are hereby ratified and affirmed. The Lease as modified by this Amendment, represents the entire agreement between the parties and supersedes any and all prior agreements, whether oral or written. All prior negotiations have been merged in the Lease, as amended by this Amendment, and there are no understandings, representations, or agreements, oral or written, expressed or implied other than those set forth in the Lease as modified by this Amendment. [Signature Page Follows] ERM and OCAC Amendment One to Lease on Suite 217A&17B 5 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease in duplicate originals, all as of the day and year first above written. TENANT: Orange County LANDLORD: Eno River Mill, LLC a political subdivision of the State of NC By: Name: Name: Frank R. Gailor Title: Managing Member ERM and OCAC Amendment One to Lease on Suite 317A&17B 6 ORANGE COUNTY Office of the County P.O. BOX 8181 Attorney 200 S. CAMERON STREET HILLSBOROUGH, NC 27278 Respond To: Joseph Herrin 919-245-2316 Via Certified Mail, Return Receipt Requested Parcel No. July 22, 2025 Eno River Mill, LLC By and through its Registered Agent The New Eno River Cotton Mill, LLC 1100 Wake Forest Road, Suite 100 Raleigh,NC 27604 Eno River Mill, LLC Post Office Box 12929 Raleigh,NC 27605 Attn: Jocelyn Wells Re: Land and Property Having the Address of 437 Dimmocks Mill Road Hillsborough,NC 27217 To Whom It May Concern: As you are aware, in May, 2021, Orange County,NC entered into a lease with Eno River Mill, LLC, for certain property described above, being commonly referred to as the "Eno River Mill." A copy of the lease for this property is enclosed. Based upon recent events occurring this month, namely the arrival of Tropical Storm Chantal on July 6, 2025, and its aftermath, the leased property is unuseable due to flood damage that was sustained to the property. The County considers this to be a casualty loss as is provided in Section 9 of the lease agreement and other terms and conditions of the lease agreement. Please be advised that due to its current condition, further payments will be suspended under the lease terms and conditions of the lease until repairs have been made. Once repairs have been made, the County is again willing to occupy the space and resume payments provided it has the opportunity to inspect the property to insure that it is safe for occupancy, and the space is free from any mold intrusion,which is a priority concern to the County. When a satisfactory inspection has been done by the County, it 7 would again resume occupancy of the property under the same terms and conditions, contained in the lease agreement, including the original termination dates, and would commence paying rent within 15 days after repairs have been completed to the County's satisfaction. We would ask that you please keep Orange County Asset Management Services Director Alan Dorman of your intentions with the restoration of the building and the time frames anticipated for repairs so that the County may make plans accordingly as to when to return to the leased space and again resume payments. Sincerely, Joseph Herrin Staff Attorney Enclosures CC: WHO YOU DEEM APPROPRIATE