2000 S Purchasing - Lease Renewal: Drivers License Bureau at Carrboro Plaza

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° 40C 10 ORIGINAL SIGNATURES COPY O 13 STATE OF NORTH CAROLINA DIST: COUNTY OF ORANGE LEASE RENEWAL THIS LEASE RENEWAL, made and entered into this, the 3rd_ day of October 2000, between CARRBORO BELMAN, S.C. LIMITED PARTNERSHIP ("Landlord")and the County of Orange("County"); WHEREAS, a lease agreement was made and entered into as of the & day of February, 1995, and amended April 18, 1995, between the County and the Landlord (the"Lease"); and WHEREAS, the Lease was renewed for an additional three (3) year period on October 21, 1997; and WHEREAS, the Lease was amended by the execution of that certain Amendment to Shopping Center Lease,dated October 27, 1997; and WHEREAS, the County and the Landlord desire to renew the Lease and extend the term for an additional period of three(3)years, as stated herein. NOW,THEREFORE,the County and the Landlord mutually agree to the following: Section 2"Term'shall be modified to read: 2. Term. The term of this Lease Renewal shall commence on February 1,2001 and shall continue for a period of three(3) years, with expiration at 12:00 midnight on January 31, 2004, unless sooner terminated as hereafter provided. Section 3 "Guaranteed Minimum Rental"shall be modified to read: 3. Effective February 1, 2001, the County agrees to pay to the Landlord at the office of the Landlord or at such other place designated by the Landlord guaranteed rental amount as follows: February 1,2001 —January 31,2002: $1,250 per month February 1,2002—January 31,2003: $1,300 per month February 1,2003—January 31,2004: $1,352 per month Rent is due and payable by the first calendar day of each month. All other terms and conditions shall remain the same.