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2 <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />LEASE RENEWAL <br />THIS LEASE RENEWAL; made and entered info this, the 3rd day of October <br />2000, between CARRBORO BELMAN, S.C: LIIvIITED PARTNERSHIP <br />("Landlord") and the County of Orange {"County"); <br />WHEREAS, a lease agreement was made and entered into as of the 6~' .day of <br />. February, 1995,, and amended April 18,.1995, between the County and the Landlord <br />(the "Lease"); and <br />WHEREAS, the Lease. was renewed for an additional three (3) year period on <br />~ctaber 21, 1997; and <br />Wi~REAS, the Lease was amended by the execution of that certain Amendment to <br />Shopping Center Lease,' dated October 27, 1997; and <br />. WHEREAS, the County and the Landlord desire to renew the Lease and extend the <br />term for an additional period of three (3) years, as stated herein. <br />NOW, THEREFORE; the County and the Landlord mutually agree to the following: <br />Section 2 "Term" shall be modified to read: <br />2. Term. The term of this Lease Renewal shall commence on <br />February 1, 2001 and shall continue for a period of three (3) years, with <br />expiration at 12:00 rriidnight vn January 31, 2004, unless sooner <br />. terminated as hereafter provided. <br />Section 3 "Guaranteed Minimum Rental" shall be modified to read: <br />3. Effective February 1, 2001,. the County agrees to pay to the <br />Landlord at the office of the. Landlord or at such other place designated. <br />by the Landlord guaranteed rental amount as follows: <br />February 1, 2001-~ January 3l, 2002: $1,250 per month. <br />February 1, 2002 -January 31, 2003: $1,300 per month <br />,February 1, 2003 -January 31, 2004: $1,352 per month <br />Rent is due and payable by the first calendar day of each month. <br />All other terms and conditions shall remain the same. <br />