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THIS LEASE DOES NOT BECOME EFFECTIVE UNTIL EXECUTED <br /> BY THE NORTH CAROLINA DEPARTMENT OF CORRECTION <br /> STATE OF NORTH CAROLINA <br /> LEASE AGREEMENT <br /> THIS LEASE AGREEMENT, made and entered into this the 30th day of <br /> June , 2021 , by and between COUNTY of ORANGE , hereinafter designated as <br /> Lessor, and the STATE OF NORTH CAROLINA, hereinafter designated as Lessee ; <br /> WITNESSETH . <br /> WHEREAS , authority to approve and execute this lease agreement was delegated <br /> to the Department of Administration by resolution adopted by the Govenor and Council <br /> of State on the lst day of September, 1981 ; and <br /> WHEREAS , the Department of Administration has delegated to this State agency <br /> the authority to execute this lease agreement by a memorandum dated the 17th day of <br /> April , 1985 , and <br /> WHEREAS , the Department of Administration has delegated to this State agency <br /> the authority to execute this lease agreement by a memorandum dated the 18th day of <br /> January, 2017 ; and <br /> WHEREAS , the parties hereto have mutually agreed to the terms of this lease <br /> agreement as hereinafter set out, <br /> NOW THEREFORE , in consideration of the rental hereinafter agreed to be paid <br /> and the terms and conditions hereinafter set forth, Lessor does hereby let and lease unto <br /> Lessee and Lessee hereby takes and leases from Lessor for and during the period of time <br /> and subject to the terms and conditions hereinafter set out certain space in (See Below) <br /> County of Orange , North Carolina, more particularly described as follows . <br /> Being +/- 5 , 637 net square feet of office space located at 110 E . King Street, <br /> Hillsborough , Orange County, North Carolina. <br /> (DEPARTMENT OF PUBLIC SAFETY-Probation and Parole) <br /> THE TERMS AND CONDITIONS OF THIS LEASE AGREEMENT ARE AS <br /> FOLLOWS . <br /> 1 . The term of this lease shall be for a period of three (3 ), years <br /> commencing on the I ' t day of June , 2021 or as soon thereafter as the leased premises are <br /> ceded to the Lessee and terminating on the 311t day of May, 2024 , <br /> 2 . The Lessee shall pay to the Lessor as rental for said premises the sum of $ 1 . 00 Dollars <br /> per term to be payable within five ( 5 ) days from receipt of invoice in triplicate . <br /> Page 1 of 6 <br />