Agenda - 02-09-2006-5j - Laserfiche WebLink

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AMENDMENT TO LEASE THIS Amendment to Lease is made effective as of February _, 2006 by and between Galleria of North Carolina, LLC, a North Cazolina limited Liability company, hereinafter referred to as the "Landlord" and Orange County, hereinafter referred to as the "Tenant." WHEREAS, Landlord and Tenant heretofore entered into a certain lease ageement (the "Lease") dated December 1, 1998 for certain premises located at the Galleria Shopping Center, 400 S, Elliott Road, Chapel Hill, NC 27514; and WHEREAS, the parties have ageed to amend certain terms and conditions ofthe Lease as set forth below, NOW THEREFORE, in consideration of $10.00 and other good and valuable consideration paid, the receipt of which is hereby acknowledged, the parties do hereby agee as follows: 1. Section 1.6, Length of Term, is amended to provide that the term ofthe Lease, which was to end on June 30, 2006, is extended to and unless sooner terminated pursuant to the terms of the Lease shall end on December 31, 2006 (period from June 30, 2006 through December 31, 2006 is hereafter referred to as the "Extended Term"). 2.. Section 2,1(a) Minimum Rent is modified to provide that the monthly minimum (base) rent during the Extended Term shall be (a) base rent of $12,553.33 per month (a 5% increase from the base rent amount for the immediately preceding period), plus(h) Common Area Maintenance ("CAM") of $.3,777A7 per month, subject to adjustment as set forth in Section 5.3 Common Area Chazges. 3. Except as expressly set forth hereinabove, all remaining terms, conditions, duties, and obligations under the Lease are ratified and confirmed in all respects, and shall continue in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set forth above., GALLEF~-a-\-~NC> Gordon K. Gold, Managing Partner ORANGE COUNTY Chair to the Board of County Commissioners Change Co Amd 1-30-06