Orange County NC Website
Browse       Search
Attachment 4 43 <br /> ORANGE COUNTY <br /> STATE OF NORTH CAROLINA <br /> AMENDMENT THREE TO <br /> LEASE AGREEMENT <br /> THIS AMENDMENT THREE (hereafter "Amendment") to the Lease <br /> Agreement dated February 7, 2020 and as amended on July 15, 2020, and June 1, 2021 <br /> (collectively, as amended, the "Lease") is made and entered into on the day of March, <br /> 2025 by and between Eno River Mill, LLC, a North Carolina limited liability company <br /> (hereinafter "Landlord"), and Orange County, a political subdivision of the State of North <br /> Carolina corporation (hereinafter "Tenant") (hereafter the Lease and Amendments shall <br /> be referred to as the "Lease"). <br /> WITNESSETH <br /> Landlord and Tenant desire to extend the Term of the Lease for a period of five (5) <br /> years. In consideration of such extension, the mutual covenants herein contained and <br /> other good and valuable consideration, the sufficiency of which is hereby acknowledged, <br /> Landlord and Tenant agree as follows: <br /> 1. TERM. Paragraph 3 of the lease entitled "Term" is amended to extend the <br /> Term of the Lease for five years (the "Extension Term"). The Expiration Date as used in <br /> the Lease shall hereafter mean March 31, 2030. <br /> 2. RENT. Rent will increase annually by two and one-half percent (2.5%) <br /> during the extended term as it did during the original lease term. The rent for the extended <br /> term is shown below: <br /> ERM and OCAC Amendment Three to Lease <br />