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} <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE AGREEMENT RENEWAL <br /> THIS LEASE AGREEMENT RENEWAL made on the day of 1996,by and <br /> between CARR MILL MALL LD IITED PARTNERSHIP,a North Carolina Limited Partnership, <br /> .200 N. Greensboro St.,Ste D-11, Carrboro,NC 27510 having its principal business in Orange County, <br /> North Carolina,hereinafter referred to as"Owner" and ORANGE COUNTY,a political subdivision of the <br /> State of North Carolina,Post Office Box 8181,Hillsborough,North Carolina,hereinafter referred to as <br /> County. <br /> WrMSSETH: <br /> WHEREAS,a lease agreement was made and entered into as of the 4th day of October, 1985(a copy of <br /> which is attached as Exhibit A)between J.W.and Patricia Ann French,d/b/a Carr Mill Mall and County; <br /> WHEREAS,County and Owner desire to renew the lease agreement and amend it; <br /> NOW THEREFORE, County and Owner mutually agree to the following; <br /> 1. The Exhibit A lease agreement is renewed for the period commencing on July 1, 1996 <br /> and continuing through June 30, 1998; <br /> 2. During this renewal period, Section 2(a)of Exhibit A is modified as follows: <br /> County shall pay to the Owner rent as follows: <br /> Base rent: Monthly Annually <br /> July 1, 1996---June 30, 1997 $6,893.96 $82,727.53 <br /> July 1, 1996---June 30, 1998 Rent will increase by the change in <br /> the Consumer Price Index(CPI) <br /> using as a basis for that calculation <br /> April 1996 and April 1997. <br /> Rent is due and payable on the first day of each month,in advance,during the term of this Lease. <br /> 3. During this renewal period, Sections 2(c)and 2(d)of Exhibit A are deleted_ <br /> 4. During this renewal period,all other terms and conditions of Exhibit A remain the <br /> same. <br /> This the day of 1996. <br /> CARR MILL MALL LWTED PARTNERSHIP WITNESS: <br /> By: (SEAL) <br /> GENERAL PARTNER <br /> ORANGE COUNTY WITNESS: <br /> By: <br /> MOSES CAREY,JR-, CHAIR ORANGE CLERK,ORANGE COUNTY <br /> COUNTY BOARD OF COMMISSIONERS BOARD OF COMMISSIONERS <br />