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9-18-17 Regular Meeting
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9-18-17 Regular Meeting
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10/4/2017 3:03:05 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. as improved <br />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 2224 sq. ft. at the rate of $8.50 per square foot. <br />Base Rent payments shall be made in equal monthly installments of: <br />$7,375.14 by County of Lee <br />$7,375.13 by City of Sanford <br />$4,194.29 by SLPP/SAGA <br />Beginning at the time of occupancy, the Tenants shall pay the Base Rent as shown above plus <br />their proportionate share of the increase based on Consumer Price Index for Urban Wage <br />Earners, Southern Region, Average of All Groups (CPI -W). <br />
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