Orange County NC Website
~~ <br />1112007 Lease of Floors <br />2 and 3 24.75/ft $47,1201 <br />month <br />5/2008 41 additional <br />Project Parking facility parking <br />spaces. <br />If option to purchase exercised: <br />9. <br />11/08, Floors 2 <br />and 3 ~ of conciaminium <br />11/08 41 additional <br />Project Parking facility <br />parking spaces <br />Contin eg ncies. <br />$1.00/year <br />plus prorated <br />annual <br />maintenance <br />cost pass <br />through. <br />Successful assignment to County of Design Professional Contracts between TCM <br />and the Design Professionals. <br />TCM's completion of all contemplated transactions with Weaver Street Market. <br />Land use approvals by Town of Hillsborough. <br />Satisfaction of construction loan underwriting criteria of TCM lender. <br />LGC and underwriting approval of debt structuring of Orange County debt so that <br />it complies with Orange County's policies of 15% of General Fund Budget debt <br />service payments and 7% annual growth of General Fund Budget. <br />Execution and delivery of Contract Documents mutually agreeable to TCM, the <br />single prime general contractor, the contractor`s surety, TCM's construction <br />lender, the County and the County's lender, if necessary. <br />$1.00 for <br />balance of <br />Lease term <br />plus prorated <br />annual <br />maintenance <br />cost of <br />pass through. <br />22,846 sf. $ 5,490,449 <br />-6- <br />