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PAGE 1 <br /> LEASE AGREEMENT <br /> 13`r <br /> NORTH ,CAROLINA <br /> ORANGE COUNTY <br /> r THE LEASE AGREEMENT MADE THIS :.? _DAY OF <br /> "�•� �:'="'r"~;'' , 19. 4 BETWEEN ORANGE COUNTY, NORTH CAROLINA, WHOSE <br /> PRINCIPAL PLACE OF BUSINESS IS 106 EAST MARGARET LANE, HILLSBOROUGH, <br /> NORTH CAROLINA, HEREINAFTER CALLED THE LESSOR AND THE COMMUNITY SCHOOL <br /> FOR PEOPLE UNDER SIX WHOSE PRINCIPAL OF PLACE OF BUSINESS IS: 410 <br /> CALDWELL STREET EXT, P. 0. BOX 633, CHAPEL HILL, NORTH CAROLINA <br /> HEREINAFTER CALLED THE TENANT. <br /> WITNESSETH <br /> IN CONSIDERATION OF THE MUTUAL BENEFITS TO THE LESSOR AND TO THE <br /> TENANT, AND OF THE CONVENANTS AND AGREEMENTS UPON THE PART OF THE <br /> LESSOR AND THE TENANT TO BE KEPT AND PERFORMED, THE LESSOR HEREBY <br /> DEMISES AND LEASES TO THE TENANT, AND THE TENANT LEASES AND TAKES FROM <br /> THE LESSOR THE PREMISES SHOWN ON THE FLOOR PLAN ATTACHED HERE TO AS <br /> EXHIBIT A AND BY REFERENCE MADE A PART HERE OF (HEREIN CALLED THE <br /> LEASED PREMISES) LOCATED AT: NORTHSIDE MULTIPURPOSE CENTER, CHAPEL <br /> HILL, NORTH CAROLINA MORE SPECIFICALLY DESCRIBED IN EXHIBIT A,. <br /> ATTACHED HERE TO BE OCCUPIED AND USED AS A DAY CARE CENTER AND FOR THE <br /> TERMS AND CONDITIONS HEREIN SET FORTH. <br /> (1) TERM OF LEASE: <br /> THE TERM HEREOF SHALL COMMENCE ON THE FIRST DAY OF OCTOBER, 1983 <br /> AND SHALL END AT 12: 00 MIDNIGHT ON THE 30TH OF SEPTEMBER, 1984. <br /> (2) RENTAL: <br /> TENANT SHALL PAY TO THE LESSOR THE SUM OF FIFTEEN THOUSAND, EIGHT <br /> HUNDRED TWENTY SEVEN ($15, 827 . 00) PER ANNUM, PAYABLE IN MONTHLY <br /> INSTALLMENTS OF ONE THOUSAND, THREE HUNDRED NINETEEN DOLLARS <br /> ($1,319.00) EACH DUE ON THE FIRST DAY OF EACH MONTH, INADVANCE DURING <br /> THE TERM OF THIS LEASE. THIS RENT SHALL BE SUSPENDED IN FAVOR OF <br /> INKIND CONTRIBUTION FROM THE LESSOR TO THE TENANT. <br /> (3) UTILITIES: THE TENANT SHALL PAY FOR ELECTRICITY AND FUEL FOR <br /> HEAT BASED ON THE FOLLOWING FORMULA: TOTAL SQUARE FOOTAGE USED BY <br /> TENANT (2,435 SQ. FT. ) DIVIDED BY TOTAL USABLE SQUARE FOOTAGE OF THE <br /> BUILDING WHERE THE LEASED PROPERTY IS LOCATED; (10, 852 SQ. FT.) , <br /> TIMES THE AMOUNT AS THE ELECTRICITY AND FUEL FOR HEAT BILLS RECEIVED <br /> BY THE LESSOR DURING THE TERM OF THIS LEASE FOR THE BUILDING WHERE THE <br /> LEASED PROPERTY IS LOCATED. THE LESSOR SHALL SEND THE TENANT ON A <br /> TIMELY BASIS A STATEMENT ITEMIZING SUCH UTILITY CHARGES. PAYMENT <br /> SHALL BE DUE TO THE LESSOR WITHIN THIRTY (30) DAYS OF THE DATE ON SUCH <br /> STATEMENTS . THE LESSOR SHALL PAY FOR ALL WATER AND SEWER CHARGES. <br /> (4) CARE AND REPAIR OF PREMISES : <br /> 10: 21:13 10 OCT 1983 <br />