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_ . . <br /> STATE OF NORTH CAROLINA AMENDMENT I TO <br /> TOWN OF CHAPEL HILL <br /> EQUIPMENT LEASE AND <br /> MANAGEMENT OF A FEDERAL <br /> TRANSIT ADMINISTRATIONGRANT. <br /> This Amendment 1 to the EQUIPMENT LEASE AND MANAGEMENT OF A FEDERAL TRANSIT <br /> ADMINISTRATION (ETA) GRANT agreement, herein "original Contract", dated June 10, 2010 by <br /> and between the Town of Chapel Hill, herein "Town", and Orange County, North Carolina, <br /> herein "County", is made and entered as of the date set forth below. <br /> WHEREAS, the original Contract was set to expire at the end of five (5) years, or <br /> 150,000 miles; and <br /> WHEREAS, the vehicles in question have met their useful life and the ETA has no vested. <br /> interest in said vehicles; and <br /> WHEREAS, the County has asked the Town to extend the lease until such time as the <br /> vehicles can be transferred to the County in accordance with North Carolina General <br /> Statute § 160A-274 and governing FTA Circular 5010.1D. <br /> NOW THEREFORE, said EQUIPMENT LEASE AND MANAGEMENT OF A FEDERAL TRANSIT <br /> ADMINISTRATION GRANT agreement is hereby amended as set forth below: <br /> Section 1, Term, is hereby revised by extending the term of the original Contract <br /> to June 30, 2016. <br /> Section 6, Early Termination of Lease is hereby revised to guarantee the Town the <br /> right to terminate the lease to allow transfer of ownership of property to the <br /> County. <br /> Except as herein amended, all the terms and provisions of the original Contract dated June 10, <br /> 2010 are hereby reaffirmed and shall remain in full force and effect. <br /> [SIGNATURES ON FOLLO WING PAGE] <br />