1999 S Purchasing - Dickson House - Thirty-Day Lease Extension for Chamber of Commerce; and Consideration to Allow Historic Alliance to Remain in Dickson House pending Negotiation of Lease Terms

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ORIGiNA.L SIGNATURES Boox2002 ?,',CE 50 NORTH CAROLINA COPY :.*&rdAAi LEASE ORANGE COUNTY DIST #_ This lease agreement, dated the seventeenth day of August, 1999, by and between Orange County, North Carolina, hereinafter called the 'County'and the Alliance for Historic Hillsborough, Inc. hereinafter called the "Alliance". WITNESSETH : The County hereby leases to the Alliance and the Alliance hereby leases from the County the following described property, hereinafter called the "premises". 1. PREMISES The Alexander Dickson House, approximately 2,713 square feet in size, and its lot, 150 East King Street, Hillsborough, together with the outbuildings situated thereon, one of which is known as"the office" and the other of which contains restrooms, all of the property being herein referred to as "the premises". 2. TERM OF LEASE The term shall commence on the first of August, 1999 and shall end on the 30th day of June, 2003, on the terms and conditions set forth herein. 3. RENT Rent for the premises shall be assessed at$32,556 per year, of which $29,796 shall be considered in-kind support of the Visitor's Center efforts to enhance tourism in Orange County. The Alliance agrees to pay the County cash rent in the amount of$2760 per year; payable$230 per month payment due and payable, in advance, on the first day of each and every month. Rent shall be paid to the County at such location as is designated by the County in writing to the Alliance. 4. USE OF PREMISES The Alliance shall use the premises for the purpose of operating the Orange County Visitors' Center("the Center"). The Alliance may grant subleases to others engaged in work that is complementary to the operation of the Center under the stipulations set forth in paragraph 6 of this lease. 5. NOTICES For the purpose of notice or demand, the respective parties shall be personally delivered or served by certified or registered mail, return receipt requested, addressed to County or Alliance at their respective office address, as set forth herein: TO COUNTY: Orange County Director of Purchasing and Central Services PO Box 8181 Hillsborough, NC 27278 TO ALLIANCE: Alliance for Historic Hillsborough % Executive Director 150 East King Street Hillsborough, NC 27278 or at such other address as may hereafter be designated in writing by either party hereto. The time and date on which mail is postmarked shall be the time and date on which such communication is deemed to have been given.