HomeMy WebLinkAboutAgenda - 06-06-2000-8kORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: June 6, 2000
Action Agend
Item No. ~_
SUBJECT: Lease Renewal for Suite 106, 501 West Franklin Street
DEPARTMENT: Purchasing and Central Srvcs. PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Lease Renewal Form
INFORMATION CONTACT:
Pam Jones 245-2652
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To consider renewing a lease with Jim Lilley Properties for space at 501 West
Franklin Street, Chapel Hill.
BACKGROUND: The County has leased a small suite of offices to Jim Lilley Properties at 501
West Franklin Street since the County purchased the building in 1996. The tenant has
requested that the lease be renewed for an additional year. It is understood that the County's
long-term plans for the facility may involve renting to non-profit organizations whose function
may complement the mission of the Skills Development Center. However, no request is
pending that would match the space offered in Suite 106. For that reason, it is proposed that
the lease with Lilley properties be renewed for the additional year.
The rent is being increased by 4% to $765 per month ($9,180 per year). This tenant pays taxes
in lieu in an amount of $67 per month.
All other terms of the lease will remain the same.
FISCAL IMPACT: The County will receive $9,180 for the lease of the approximately 552
square feet.
RECOMMENDATION: The Manager recommends that the lease with Jim Lilley Properties at
501 West Franklin Street, Suite 106 be renewed for a period of one year at the rate specified
above; and authorize the Chair to sign on behalf of the Board.
STATE OF NORTH CAROLINA
COUNTY OF ORANGE LEASE RENEWAL AGREEMENT
THIS I:EASE AGREEMENT RENEWAL made on the 6"' day ofi June, 20Q0 by and between.
James P. Lilley d/b/a Jim Lilley Properties, 501 West Franklin Street, Suite 106, Chapel Hill,
North Carolina, hereinafter referred to as Tenant and County of Orange, a politic subdivision of
the State of North Carolina, Post Office Box $1$1, Hillsborough, North Carolina, hereinafter
referred to as "County".
WITNESSETH:
WHEREAS, a lease agreement was made and entered into as of the 1gt day of June, 1997, 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:
1. Section 3 of Exhibit A shall be modified to read:
a) This lease shall commence on June 1, 2000 and shall continue for a term of
one year, which ends on May 31, 2001, both dates inclusive, unless sooner
terminated as herein provided.
2. Section 2(b) shall be modified to read:
(b) 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
following rents and taxes for the aforementioned Premises for the term of this
lease:
June 1, 2000 through May 31, 2001:
Base rent: $765 per month; $9,180 per year
Taxes in lieu: $fi7 per month; $$04 per year
3. All other terms and conditions of Exhibit A shall remain the same.
This the 6th day of June, 2000.
Tenant:
Witness:
By:
James P. Lilley
County of Orange
Attest:
By:
Moses Carey, Jr., Chair Beverly A. Blythe, Clerk