Laserfiche WebLink
CN <br />BK 00027 PG: 0058 <br />I <br />Central Carolina Hospital <br />November 3, 2014 <br />Charles Parks, Chairman <br />Lee County Board of Commissioners <br />106 Hillcrest Drive <br />Sanford, NC 27333 <br />Re: Extension of Lease Agreement between AMISUB to North Carolina, Inc., <br />d/b /a Central Carolina Hospital ( "Landlord ") and County of Lee ( "Tenant ") <br />Dear Mr. Parks: <br />Landlord and Tenant entered into a Lease Agreement effective October 1, 2007 through September 30, 2014, <br />which has continued on a month to month basis, on said premises known as 1218 Central Drive, Sanford, NC <br />( "Premises "). <br />For good consideration, Landlord and Tenant agree to extend the said lease term upon full execution of this <br />letter and terminating November 30, 2020. <br />Tenant agrees to pay, as base rent, the total sum of Sixty Two Thousand and Two Hundred Thirty -two and <br />00 /100 Dollars ($62,232.00), or Eight and 551100 Dollars ($8.55) per square foot. Said base rent shall be paid <br />in advance in equal monthly installments of Five Thousand One Hundred Eighty -six and 00 /100 Dollars <br />($5,186.00) per month on the first day of each and every calendar month during the term of the Lease. Such <br />rent shall be adjusted annually in accordance with Section 3.b of the Lease. <br />All other Lease terms shall remain unchanged and continue during the lease extension period as set forth herein. <br />This agreement shall be binding upon and shall inure to the benefit of the parties, their successors, assigns, <br />personal agents and representatives. <br />Sincerel <br />Davi E. Lo ng <br />Chief E x e tive <br />The undersigned on behalf of Landlord hereby acknowledges and agrees to the terms and conditions set forth <br />above. <br />By:C q jes __f_;_ .7 ,c,-r, s <br />Date: - -) <br />1135 Carthage Street, Sanford, North Carolina 27330 • 919 774 -2100 • www.centralcarolinahosp.com <br />