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Agenda - 12-04-2017 - 8-e - Alliance for Historic Hillsborough Lease- Dickson House, 150 King Street, Hillsborough
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Agenda - 12-04-2017 - 8-e - Alliance for Historic Hillsborough Lease- Dickson House, 150 King Street, Hillsborough
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BOCC
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12/4/2017
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Regular Meeting
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Agenda
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8e
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Minutes 12-04-2017
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4 <br /> Attachment 2 <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE <br /> THIS LEASE "Lease", made and entered into as of the day of December, 2017, by and <br /> between Orange County, hereinafter referred to as "County," and Alliance for Historic <br /> Hillsborough, Inc., hereinafter referred to as "Tenant;" <br /> WITN ESSETH: <br /> THAT FOR and in consideration of the mutual covenants and conditions hereinafter <br /> set forth, the parties hereto do hereby agree as follows: <br /> 1. Premises. County does hereby lease and let unto Tenant and Tenant does <br /> hereby accept as Tenant those certain premises designated as the Dickson House Complex, <br /> 150 E. King Street, Hillsborough, Orange County, North Carolina ("Lease Premises," <br /> "Premises," or "Leased Premises"), situated on that parcel having PIN 9874163117 and as more <br /> particularly shown on EXHIBIT A appended hereto. <br /> 2. Acceptance of Premises. The Tenant represents that the Leased Premises, <br /> the sidewalks and structures adjoining the same, any subsurface conditions thereof, and the <br /> present uses and non-uses thereof have been examined by the Tenant. The Tenant accepts <br /> the same in the condition in which they now are without representation or warranty, express or <br /> implied, in fact or by law, by the County, the nature, condition or usability thereof, or the uses to <br /> which the Leased Premises may be put. Provided, County shall be responsible for ensuring <br /> that the heating/air-conditioning system is in good operating condition; the exterior walls and <br /> roof, the lighting system (excluding such additions as may be required for Tenant's business <br /> operation) and the exterior grounds are in good repair on the date of commencement of the <br /> Lease term. County represents and warrants to Tenant that it holds unencumbered fee title to <br /> the Lease Premises. The County shall not be responsible for any latent defect or change of <br /> condition in such building, improvements, and personalty, and the rent hereunder shall in no <br /> case be withheld or diminished because any defect in such property, any change in the <br /> condition thereof, any damage occurring thereto or the existence with respect thereof of any <br /> violations of the laws or regulations of any governmental authority, except as hereinafter <br /> provided. In addition, Tenant acknowledges that the Lease Premises is a smoke free building <br /> and grounds and tobacco use inside of the building or on the grounds is prohibited. <br /> 3. Term and Rental. <br /> (a) This Lease shall commence on January 1, 2018, and shall continue for a term of <br /> thirty-six (36) months, ending on December 31, 2020, both dates inclusive, unless sooner <br /> terminated as herein provided. Upon mutual written agreement, this Lease may be renewed for <br /> up to one twelve (12) month term. Any renewal may be for the entire Leased Premises. Any <br /> such renewal shall be subject to a mutually agreed upon increase in rent. <br /> (b) Tenant shall deliver to County a deposit in the amount of Two Hundred Sixty <br /> Dollars ($260.00), which is the equivalent to the rent for one (1) month. Deposit shall be held as <br /> a security deposit against claims for damages. This money may be deposited for the exclusive <br /> use of Orange County and will be returned to Tenant at the end of the Lease within 30 days <br /> provided there has been no damage to the Leased Premises. <br />
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