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67 <br /> Lease Agreement <br /> MP • Based on current commercial rates, the <br /> $250,000 Initial Deposit market rent would total approximately <br /> $404,576 $850,000 annually. <br /> . $404,576 <br /> $404,576 • If the company continues to rent the facility for <br /> $404,576 the full ten years, the County will have <br /> $404,576 collected approx. $6.2 million in lease <br /> $404,576 reve n u e. <br /> Market Rent <br /> Established <br /> 2% Increase If the company exercises the option to <br /> 2% Increase purchase, they will pay approx. $85,000 <br /> 2% Increase annually in property taxes. <br /> ORANGE COUNTY <br /> 6 NORTH CAROLINA <br />