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Agenda - 8-18-14 Recessed Meeting
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Agenda - 8-18-14 Recessed Meeting
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8/13/2014 12:39:11 PM
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8/13/2014 12:37:52 PM
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Attachment A <br />Premises: <br />The ground floor, first floor and second floor of 115 Chatham Street, Sanford, N.C. <br />as improved and renovated. <br />Rent: <br />First floor (7,181 sq. ft.) at the rate of $12.85 per square foot <br />Second floor (7,734 sq. ft.) at the rate of $12.85 per square foot <br />Ground floor (total of 2,387 sq. ft.) at the discounted rate of <br />1173 sq ft at $12.85 per square foot and 1214 sq ft at the rate of $8.50 per square foot. <br />For the first (3) years, rent payments shall be made in equal monthly installments of <br />$7,308 by County of Lee <br />$7,308 by City of Sanford <br />And the balance of $3,471.48 paid by SLPP <br />For years 4 -10, the Tenants shall pay the base rent above plus their proportionate share of the <br />increase based on Consumer Price Index for Urban Wage Earners, Southern Region, Average of All <br />Groups (CPI_W). <br />
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