Orange County NC Website
4 <br /> Attachment 2 <br /> LEASE MODIFICATION <br /> THIS MODIFICATION OF LEASE, and entered into this 19th day of September, 2017 by and <br /> between ORANGE COUNTY, NORTH CAROLINA (hereinafter"Lessor" and/or"Landlord" and/or <br /> "County"), and BUILDERS FIRSTSOURCE—ATLANTIC GROUP, INCORPORATED (hereinafter"Lessee" <br /> and/or"Tenant"); <br /> WITNESSETH <br /> Recitals: <br /> Whereas County and Tenant entered into that certain Lease Agreement dated June 3, 1997, in <br /> connection with certain premises situated and being in Orange County and the State of North Carolina <br /> being more particularly described in said Lease Agreement; and <br /> Whereas Tenant has leased the Property known as 401 Valley Forge Road, Hillsborough <br /> containing 105,000 square feet and the associated site area which Lease Agreement has an expiration <br /> date of September 30, 2017; and <br /> Whereas, County and Tenant desire to extend the Lease Agreement by amending its Terms; <br /> Now,therefore, the County and Tenant hereto hereby agree as follows: <br /> Terms: <br /> 1. The recitals to this Modification are hereby incorporated into and made a part of this <br /> Agreement. <br /> 2. The expiration date of the Lease shall be September 30, 2027. <br /> 3. The Rent for the premises for the Lease period shall be as follows: <br /> Monthly: $24,500 Annually: $294,000 Full Term:$2,940,000 <br /> 4. The Tenant will have the right to execute two (2) consecutive renewal options for a Term of five <br /> (5)years each for consideration to be mutually agreed upon by the County and the Tenant at a <br /> time preceding the contemplated renewal period: <br /> Renewal option one (1): October 1, 2027—September 30, 2032 <br /> Renewal option two (2): October 1, 2032—September 30, 2037 <br />