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Agenda - 05-02-1988
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Agenda - 05-02-1988
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Last modified
10/21/2016 10:01:37 AM
Creation date
10/3/2016 4:25:05 PM
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BOCC
Date
5/2/1988
Meeting Type
Regular Meeting
Document Type
Agenda
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STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE AGREEMENT 021 <br /> THIS LEASE AGREEMENT, made and entered into this the first <br /> and between COUNTY OF ORANGE, hereinafter <br /> referred to as t he a ' County' ,day <br /> October, 1987 and the STATE OF NORTH CAROLINA, <br /> the <br /> hereinafter referred to as the 'State' , <br /> W I T N E S S E T H : . <br /> S authority to approve and execute this lease agreement <br /> THAT WHEREAS, resolution <br /> adopted ddlebytetheto Governor eand Council fof�State ronlo the by1st day of <br /> adopted by <br /> September, 1981; and <br /> • <br /> WHEREAS, the parties hereto have mutually agreed to the terms of this <br /> lease agreement set forth as <br /> 1. Lease of Premises <br /> The County agrees to lease to the State the first floor <br /> (2, 009 square feet) of the Department of Housing and <br /> Community Development Administration Building at 317 Caldwell <br /> Street Extension for use by the Employment Security <br /> Commission of North Carolina. <br /> 2 . Rent <br /> a. The State agrees to pay to the County as rent for the <br /> Leased Premises the sum of $8, 036 per annum, which sum <br /> shall be paid in equal monthly installments of $669 . 67 , <br /> said rent to be payable within fifteen (15) days from <br /> receipt of invoice in triplicate. <br /> b. The State shall be deemed to have taken possession of <br /> the Leased Premises on October 1, 1987 . <br /> 3 . Term of Lease <br /> The term of this lease shall commence on October 1, 1987, and <br /> shall run for a period of twelve months. This lease shall be <br /> subject to nonrenewal. <br /> a 4.. Parking . <br /> The State- may, as a right and incident of this lease, use any <br /> of the parking spaces in the parking <br /> lolot <br /> s except those that <br /> Chapel <br /> have been reserved for Town of <br /> ■ <br /> 5. - Sublease or Assignment <br /> The State may not sublease the leased premises to any agency <br /> _other than the Employment Security Commission of North <br /> Carolina. <br />
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