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Agenda - 05-18-2021; 8-j - Renewal of Lease for 115 E. King Street
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Agenda - 05-18-2021; 8-j - Renewal of Lease for 115 E. King Street
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5/13/2021 3:12:07 PM
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BOCC
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5/18/2021
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Business
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Agenda
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8-j
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Agenda for May 18, 2021 Board Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
OTHER-2021-020 Lease for 115 E King St for Public Defender
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\Board of County Commissioners\Various Documents\2020 - 2029\2021
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2 <br /> Lease Amendment <br /> This Lease Amendment is hereby made and entered into by and between C3 Hillsborough LLC <br /> ("Landlord") and the following tenants (the "Tenant") (collectively the "Parties") on <br /> Orange County, Office of the Public Defender <br /> BACKGROUND: <br /> Landlord and Tenant have previously entered into a Lease Agreement("the Lease") dated <br /> October 23, 2019 whereby Orange County, Office of the Public Defender leased Premises from <br /> C3 Hillsborough LLC located at 115 East King Street, Hillsborough, Orange County, North <br /> Carolina 27278, more specifically described in the Lease; and Landlord and Tenant desire to <br /> amend the Lease as described in this agreement. <br /> AGREED TERMS: <br /> For and in consideration of the mutual covenants and promises in this agreement, and other good <br /> and valuable consideration, the receipt and sufficiency of which are acknowledged, the Parties <br /> agree as follows: <br /> 1. Landlord and Tenant both acknowledge and agree that the Lease is currently in effect and <br /> that neither party is in breach or default of the Lease. <br /> 2. Landlord and Tenant amend the Lease as follows: <br /> Replace the first sentence of TERM 2 on page I with: "The term of this Lease shall <br /> commence on June 1, 2021("Lease Commencement Date"), and shall end at 11:59 p.m. (based <br /> on the time at the locale of the Premises) on May 30, 2024,unless sooner terminated as herein <br /> provided." <br /> Replace the first sentence of RENTAL 3 on page 3 with: "Beginning on May 1 st, 2021 <br /> ("Rent Commencement Date"), Tenant agrees to pay Landlord(or its Agent as directed by <br /> Landlord),without notice, demand, deduction or setoff, an annual rent of$ 50,286.66, payable in <br /> equal monthly installments of$4,190.56, in advance on the first day of each calendar month <br /> during the term hereof." <br /> 3. Except as specifically amended above, the original terms and provisions of the Lease <br /> remain in full force and effect, and both Landlord and Tenant affirm and consent to the Lease, as <br /> amended in this agreement, and agree to be bound accordingly. <br /> 4. This Lease Amendment can be recorded at the discretion of the Parties, or the Parties can <br /> prepare a short form memorandum of this Lease Amendment which can be properly executed <br /> and recorded in the Register's Office for Orange,North Carolina. <br />
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