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Agenda - 09-19-2017 - 8-d - 401 Valley Forge Road Property Lease Modification – Builders FirstSource
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Agenda - 09-19-2017 - 8-d - 401 Valley Forge Road Property Lease Modification – Builders FirstSource
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Last modified
9/14/2017 4:57:38 PM
Creation date
9/15/2017 10:47:45 AM
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BOCC
Date
9/19/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8d
Document Relationships
2017-543 AMS - Builders FirstSource - Atlantic Group, LLC - Lease Agreement Modification
(Linked From)
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2017
2017-621 AMS - 401 Valley Forge Road Lease Modification
(Message)
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2017
Minutes 09-19-2017
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\Board of County Commissioners\Minutes - Approved\2010's\2017
RES-2017-058 Resolution approving leasing property at 401 Valley Forge Rd., Hillsborough, NC, for up to ten years
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\Board of County Commissioners\Resolutions\2010-2019\2017
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12 <br /> the Premises and $400, 000 by the conclusion of its third year of <br /> occupancy of the Premises . <br /> 4 . Maintenance and Modifications . <br /> a. Tenant agrees that during the Term it will, at its <br /> own expense, except as to rent set-offs expressly provided for in <br /> this Lease, (i) keep the Premises in reasonably safe condition <br /> and (ii) keep the building and all other improvements forming a <br /> part of the Premises in good repair and in good operating <br /> condition, making from time to time all necessary repairs thereto <br /> (including external and structural repairs) and renewals and <br /> replacements thereof . Tenant may, also at its own expense, make <br /> from time to time any additions, modifications or improvements to <br /> the Premises it may deem desirable for its business purposes that <br /> do not adversely affect the structural integrity of any buildings <br /> or structures located on the Premises or substantially reduce the <br /> value of the Premises; provided that all such additions, <br /> modifications and improvements to the Premises shall be located <br /> wholly within the boundary lines of the Premises . All such <br /> additions , modifications and improvements so made by Tenant shall <br /> become a part of the Premises; provided that any item of personal <br /> property, machinery, equipment, furniture or fixture installed by <br /> Tenant for its business purposes without expense to Landlord <br /> which does not constitute a part of the Premises , may be removed <br /> by Tenant at any time and from time to time while Tenant is not <br /> in default under this Lease; and provided further, that any <br /> damage to the Premises occasioned by such removal shall be <br /> repaired by Tenant at its own expense. Tenant will not peiutit <br /> any mechanics ' lien, security interest or other encumbrance to <br /> remain against the Premises for labor or materials furnished in <br /> connection with any additions, modifications, improvements, <br /> repairs, renewals or replacements so made by it; provided, that <br /> if Tenant shall first notify Landlord of its intention so to do, <br /> Tenant may in good faith contest any mechanics ' or other liens <br /> filed or established against the Premises, and in such event may <br /> permit the item so contested to remain undischarged and <br /> unsatisfied during the period of such contest and any appeal <br /> therefrom unless Landlord shall notify Tenant that, in the <br /> opinion of independent counsel, by nonpayment of any such items, <br /> Landlord' s.. title to the Premises will be materially endangered or <br /> the Premises or any part thereof will be subject to loss or <br /> forfeiture, in which event Tenant shall promptly pay and cause to <br /> be satisfied and discharge all such unpaid items . Landlord will, <br /> at the expense of Tenant, cooperate fully with Tenant in any such <br /> lien contest . <br /> 5 . Taxes , Assessments and Utilities . Tenant will promptly <br /> pay, as the same become due, all taxes and other government <br /> charges of any kind whatsoever that may at any time be lawfully <br /> assessed or levied against or with respect to the Premises or any <br /> interest therein or any machinery, equipment or other property <br /> installed or located on the Premises, including all ad valorem <br /> taxes lawfully assessed. Tenant will promptly pay, as the same <br /> 7 <br />
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