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14 <br /> '1 <br /> Mlbit"B" <br /> Thursday,July 12,2001 <br /> County of Orange <br /> S IS Meadowlands Drive,Suite 400 <br /> : Hillsboro NC 27278 <br /> 1 • Business 70A&NC86 <br /> : George Horton s,LLC <br /> { r, A.Horton,III <br /> 4,000 useable space <br /> i QUOTED BASE_ RENT: Starting at$11.85 per sq.&.For offloe/warehouse <br /> with a fig gWad kW=of 3% yearly escalation. <br /> Yuan 1: $ 11.85 per square foot or$3,450.00 mo./$47,400.00 yr. <br /> Year 2: S 12.21 per square foot or$4,070.00 mo./$48,840.00 yr. <br /> Year 3: $ 12.58 per square fool or$4,192.10 mo./$50,305.20 yr. <br /> Year 4: S 12.% per square foot or$4,319.13 mo./$51,829.60 yr. <br /> Year 5: S 13.35 per square foot or$4,449.60 mo.I S53,395.20 yr. <br /> Total rent for±±-=term based on a flat annual 3%yearty escalation:S 251770.00 <br /> ITEMS NOT INCLUDED IN THR BASE REM: <br /> [X]WATER [ ]SEWER [X)ELEC.CRIC [X]GAS [ ]TRASH REMOVAL <br /> ! [ )COMMON AREA MAINTENANCE [X]INSURANCE [ ]REAL ESTATE TAX <br /> [X]ESTIMATED ADDITIONAL MONTHLY COSTS$,x .22 Water&Sewer only <br /> j OTHER <br /> ADDMONAL COMMENTS: <br /> I, <br /> i <br /> Tenant bas a 3 Year Renewable Option <br /> Tenant shell pay for any additional upgrades over the allowance.-See,Exhibit A <br /> Common Area Parking-fifteen(15)unassigned spacers <br /> Tenant shall be responsible for interior office cleaning and janitorial supplies <br /> Tenant shall pay water/sewer,electric,gas,telephone cost <br /> Landlord is responsible for exterior maintenance and landscaping <br /> DflMaAL: Stephen FlaOdotis,Chair-County of Orange <br /> fMIAL: George A.Horton,III,Miaoager-Goorga Horton Enu rprism LLC <br />