Agenda - 11-04-1985 - Laserfiche WebLink

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• • , 036 •- CARE MILL rat OFFICE COMPLEB C LEASE NORTH CAROLINA ORANGE COUNTY THIS LEASE AGREEMENT made and entered into as of the 4th day of October 19 85 , by and between J.W. FRENCH AND PATRICIA ANN FRENCH, d.b.a. CARR MILL, having its principal office in Charlotte, North Carolina, hereinafter referred to as the Lessor, and ORANGE COUNTY HEALTH SERVICES hereinafter referred to as the Lessee, of Orange County r y . g, o- ' W I T N E S S E T H : o In consideration of the rents to be paid to the Lessor by the Lessee, as hereinafter provided, and of the covenants and agreements upon the part of the Lessor and the Lessee to be kept and P performed, the Lessor hereby 'demises and leases to the Lessee, and the Lessee leases and takes from the Lessor the premises measuring 5580 square feet, as shown on the Floor Plan attached hereto as Exhibit A and by references made a part hereof, (herein called the Leased Premises) located on the 2nd floor of that cer- tain building known as Carr-Mill Building (the Building), which Building is situated at•the corner of Weaver and Greensboro Street's in the City of Carrboro, Orange County, North Carolina on the property shown as Exhibit B attached hereto to be occupied and used as health service provider and for no other purposes; upon the terms and condi- tions herein set forth, together with the nonexclusive right to use all common areas of the building including but not limited to stairways, halls, 4k' elevators, restroom and parking facilities common areas. of November of Lease: The term hereof shall commence on the 1st day , 19 85 , and shall end at 12:00 midnight on the 31st day of October ,:19 88 . Lessee shall have two options to extend the term for two e y arc for each option, said options to run coase- I. • entively. Lessee shall exercise the first option by written notice to j Lessor given within ninety days of the expiration of the term and the second E i _ option by written notice to Lessor given within ninety days of the expira- tion of the first option term. _Lessor to have option to relocate Lessee g into comparable space in event Lessee options to renew lease at expiration of the term,. j 2. Rental_ I y,scl4 j::�) Lessee shall pay to Lessor the sum of fifty-four thousand four hundred & 00/100 Dollars ($ 54,405.00 ) per annum (hereinafter sometimes referred to as the "Annual Base Rent") payable in monthly install- meats of forty-five hundred thirty-three & 75/100 Dollars ($4,533.7 each due on the first day of each month, in advance, during the term of this _ Lease, except that payment for the first such monthly installment shall be made by Lessee to Lessor simultaneously with the execution of this Lease. :3: For each :ease year f the -ease :arm commencing ,,,.;h ;-ye aecand :ease ?ear. lessee 3na11 also lay co :.essor as adaitioaai -enc along wi:h the annual 3asa ?ant a sum equal to :ne decrease, chasing power 2i :he amount of the Annual :ass lent mace the .ommencement date of the lease term. The amount of any sucn decrease, the amount of the