Orange County NC Website
Attachment 4 JU j <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 /> i . 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 />