Agenda - 05-02-1988 - Laserfiche WebLink

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STATE OF NORTH CAROLINA COUNTY OF ORANGE LEASE AGREEMENT 021 THIS LEASE AGREEMENT, made and entered into this the first and between COUNTY OF ORANGE, hereinafter referred to as t he a ' County' ,day October, 1987 and the STATE OF NORTH CAROLINA, the hereinafter referred to as the 'State' , W I T N E S S E T H : . S authority to approve and execute this lease agreement THAT WHEREAS, resolution adopted ddlebytetheto Governor eand Council fof�State ronlo the by1st day of adopted by September, 1981; and • WHEREAS, the parties hereto have mutually agreed to the terms of this lease agreement set forth as 1. Lease of Premises The County agrees to lease to the State the first floor (2, 009 square feet) of the Department of Housing and Community Development Administration Building at 317 Caldwell Street Extension for use by the Employment Security Commission of North Carolina. 2 . Rent a. The State agrees to pay to the County as rent for the Leased Premises the sum of $8, 036 per annum, which sum shall be paid in equal monthly installments of $669 . 67 , said rent to be payable within fifteen (15) days from receipt of invoice in triplicate. b. The State shall be deemed to have taken possession of the Leased Premises on October 1, 1987 . 3 . Term of Lease The term of this lease shall commence on October 1, 1987, and shall run for a period of twelve months. This lease shall be subject to nonrenewal. a 4.. Parking . The State- may, as a right and incident of this lease, use any of the parking spaces in the parking lolot s except those that Chapel have been reserved for Town of ■ 5. - Sublease or Assignment The State may not sublease the leased premises to any agency _other than the Employment Security Commission of North Carolina.