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LEASE AGREEMENT <br />RENEWAL <br />NORTH CAROLINA <br />ORANGE COUNTY <br />WHEREAS, a lease agreement was made and entered into as of the 29th day of August, <br />1983 by and between Orange County, as LESSOR and Wake Opportunities, Inc., as TENANT, for <br />space to be used as a Day Care Center at the Northern Human Services Center, Cedar Grove, NC; <br />WHEREAS, the LESSOR and the TENANT wish to renew the lease agreement. <br />NOW THEREFORE, LESSOR and TENANT mutually agree to the following: <br />1. The lease agreement will be continued for a period of three years commencing on July 1, <br />1998 and ending at 12:00 midnight on the day of June 30, 2001. <br />2. Section 3, "Utilities" shall be modified to read as follows: <br />Utilities: <br />In the event TENANT's funding source will reimburse TENANT for utilities at the <br />leased facility, the TENANT shall pay for the electricity and fuel for heat based on <br />the following formula: <br />Total square footage used by TENANT <br />Divided by total usable square feet of the building where property is located <br />Times the amount of electricity and fuel for heat bills received the COUNTY during <br />the term of this lease for the building where the leased property is located. The <br />COUNTY shall send the TENANT on a timely basis a statement itemizing such <br />utility charges. Payment shall be due to the COUNTY within thirty (30) days of the <br />date on such statements. The COUNTY shall pay for all water and sewer <br />charges. <br />All other terms and conditions will remain the same. <br />This agreed to the day of 1998. <br />Orange County <br />BY: <br />Margaret W. Brown, Chair <br />Orange County Board of Commissioners <br />Tenant: Wake Opportunities, Inc. <br />By: <br />(Printed name and title) <br />Attest: <br />Beverly A. Blythe, Clerk to the Board <br />Witness: <br />