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Co, . 3.:te,�30CC files 3��� <br /> �,. o p Yom._ <br /> NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE AGREEMENT RENEWAL <br /> WHEREAS a lease agreement was made and entered into as of the sixth day of July, 1987, by and <br /> between the County of Orange, (the County) and Grey Moody (the Owner) for space to be used as <br /> offices for County and Court functions at 103 Laurel Avenue, Carrboro, North Carolina; <br /> WHEREAS, the County and the Owner mutually agree to the following: <br /> 1. The lease agreement will be continued for a period of three years commencing on July 1, <br /> 2002 and ending at 12:00 midnight on June 30, 2005 <br /> 2. Section 3 (b), Rent Schedule, shall read as follows: <br /> Rent during the three year renewal shall be payable in monthly installments on the first day of <br /> each month during the term of this lease renewal pursuant to the following schedule: <br /> July 1, 2002 through June 30, 2003: $44,150 ($3,679.17 monthly) <br /> July 1, 2003 through June 30, 2004: $45,475 ($3,789.58 monthly) <br /> July 1, 2004 through June 30, 2005: $46,839 ($3,903.25 monthly) <br /> 3. The County shall continue to reimburse the Owner for real estate taxes assessed against <br /> the leased premises within 30 days of receipt of invoice from the Owner and proof of payment by the <br /> Owner. <br /> 4. All other terms and conditions shall remain the same. <br /> This agreed to the day of 2002. <br /> 4A jo j -e <br /> Grey Moody, Own r <br /> County: <br /> Barry Jacob <br /> ATTES <br /> Beverly A. Blyth , Clerk to the Bdard <br />