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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 /> T I E AGREEMENT, made and entered into this the day of <br /> 2021 , by and between COUNTY of ORANGE , hereinafter <br /> desig ated as Lessor, and the STATE OF NORTH CAROLINA, hereinafter designated <br /> 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 1st 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 1st day of June, 2021 or as soon thereafter as the leased premises are <br /> ceded to the Lessee and terminating on the 31st day of May, 2024 , <br /> 2 . The Lessee shall pay to the Lessor as rental for said premises the sum of $ 1 . 00 <br /> dollars per term to be payable within five (5 ) days from receipt of invoice in triplicate . <br /> Page 1 of 6 <br />