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Agenda - 03-06-2025; 8-i - Administrative Correction to USDA Lease at Bonnie B. Davis Environmental and Agricultural Center
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Agenda - 03-06-2025; 8-i - Administrative Correction to USDA Lease at Bonnie B. Davis Environmental and Agricultural Center
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3/6/2025
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Agenda
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8-i
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Agenda for March 6, 2025 BOCC Meeting
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UNITED STATES DEPARTMENT OF AGRICULTURE LEASE AMENDMENT NUMBER: 1 <br /> LEASE AMENDMENT LEASE NUMBER: 57-37135-21-FA <br /> ADDRESS OF PREMISES GREX Delegation NUMBER: DNC08656-001 <br /> 1020 US Hwy 70 UEI: GFFMCW9XDA53 <br /> Hillsborough, NC 27278 <br /> THIS AMENDMENT is made and entered into between ORANGE COUNTY NC whose address is: 131 W Margaret LN STE <br /> 300, Hillsborough, North Carolina 27278-254, hereinafter called the Lessor <br /> and the United States Department of Agriculture, hereinafter called the Government: <br /> WHEREAS the parties hereto desire to amend the above Lease to memorialize substantial completion of required <br /> improvements, the Government's acceptance of the space, and commencement of Lease term. <br /> NOW THEREFORE, these parties for good and valuable consideration, the receipt and sufficiency of which is hereby <br /> acknowledged, covenant and agree that the said Lease is amended, effective upon execution by Government, as follows: <br /> 1. TO HAVE AND TO HOLD the said premises with their appurtenances for a term of 10 years, 3 years firm term, <br /> beginning September 30, 2021 to September 29, 2031. Full Beneficial Occupancy Date is September 30, 2021. <br /> 2. Rentable Square Footage (RSF) is 3,502 and ANSI/BOMA Square Footage (ABOA) is 2,636. <br /> 3. Section 1.03A of Lease is removed and replaced with the following: <br /> A. The Government shall pay the Lessor annual rent, payable in monthly installments in arrears, at the <br /> following rates: <br /> 09/30/2021 — 09/30/2024— <br /> 09/29/2024 09/29/2031 <br /> Annual Rent Annual Rent <br /> Shell Rent' $47,031.86 $47,031.86 <br /> Operating Costsz $ 23,008.14 $ 23,008.14 <br /> Total Annual Rent $ 70,040.00 $ 70,040.00 <br /> This Lease Amendment contains 2 pages. <br /> All other terms and conditions of the lease shall remain in force and effect. <br /> IN WITNESS WHEREOF, the parties subscribed their names as of the below date. <br /> FOR THE LESSOR: FOR THE GOVERNMENT: <br /> Signature: Signature: <br /> Name: Name: <br /> Title: Title: Lease Contracting Officer <br /> Entity Name: United States Department of Agriculture <br /> Date: Date: <br /> WITNESSED FOR THE LESSOR BY: <br /> Signature: <br /> Name: <br /> Title: <br /> Date: <br /> Lease Amendment Form 12/12 <br />
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