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Agenda - 02-07-2023; 8-h - Two-Year Extension of the Lease for Suite 101 in the Europa Center
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Agenda - 02-07-2023; 8-h - Two-Year Extension of the Lease for Suite 101 in the Europa Center
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2/2/2023 2:22:43 PM
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BOCC
Date
2/7/2023
Meeting Type
Business
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Agenda
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8-h
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3 <br /> EXHIBIT A <br /> LEASE MODIFICATION &RENT SUMMARY <br /> TYPE OF LEASE: ❑New ❑ Extension D Expansion X Option ❑Change/Adj. <br /> BUSINESS NAME: Orange County <br /> TENANT: Orange County <br /> CONTACT: Alan Dorman <br /> Email;adormanoorangecountync.gov <br /> Phone:919.619.8859 <br /> PROPERTY ADDRESS: The Europa Center-Suite 101,100 Europa Dr.,Chapel Bill,NC 27517 <br /> LANDLORD: EUROPA CENTER,LLC <br /> NOTICE ADDRESS: AVISON YOUNG—NC,LLC I00 Europa Dr—Suite 190,Chapel Hill,NC 27517 <br /> EXTENSION TERM: 24 Months RENTABLE SQ.FTG: 10,615 <br /> MODIFICATION SIGNED: 2022 EFFECTIVE: Upon execution <br /> RENT COMMENCES: See below SECURITY DEPOSIT: None <br /> LEASE EXPIRES: February 28,2025 OPER.EXP.BASE YEAR: 2020 <br /> RENT ADJUSTMENTS: See below <br /> Option Temr 0 of MorLths Start Date End Date $F PSF Rate $Iwnrh Total S <br /> t 12.00 0310123 02r29124 10.615 $22.95 $20298.77$243,585.24 <br /> 1 12.00 03101r24 02QB125 10,615 $23.64 $20.907,73$250,892.80 <br /> THE EUROPA CENTER Lcasc <br /> Landlord Tenant <br /> Initials Initials <br />
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