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• THIS SUBLEASE AGREEMENT, made and entered into this 1s' day of October, 2000,
<br />by and between THE CITY OF CHARLOTTESVILLE, VIRGINIA, a municipal corporation,
<br />Grantor, herein referred to as "Tenant," whose address is P.O. Box 911, Charlottesville,
<br />Virginia, 22902, and THE CONSORTIUM FOR THE ADVANCEMENT OF ART AND
<br />EDUCATION, a non-profit organization, Grantee, herein referred to as "Subtenant," whose
<br />address is
<br />WITNESSETH:
<br />WHEREAS, Tenant is in rightful possession of the premises of the office building
<br />located at 108 2"' Street, S.E., Charlottesville, Virginia ("Property"), consisting of approximately
<br />2,709 square feet and five (5) on-site parking spaces, under the Lease dated the 1" day of
<br />August, 2000, a copy of which lease is attached hereto marked as "Exhibit A," and made a part
<br />of this Sublease Agreement; and,
<br />WHEREAS, Tenant wishes to sublease a portion of the premises to the Subtenant on
<br />the terms stated herein;
<br />NOW, THEREFORE, in consideration of the premises and the mutual covenants
<br />contained herein, the parties agree as follows:
<br />SECTION 1. PREMISES
<br />The Tenant hereby subleases to the Subtenant, and the Subtenant hereby hires and
<br />leases from the Tenant, approximately one hundred forty (140) square feet (SF) of the office
<br />• building premises described in the Lease marked as "Exhibit A", which 140 SF area is herein
<br />referred to as the "Subleased Premises." The Tenant and the Subtenant shall, together, prior
<br />to the Subtenant's occupancy of the Subleased Premises, delineate the limits of the space to
<br />be occupied by the Subtenant within the office building. There shall be no parking space(s)
<br />allocated to the Subtenant or the Subleased Premises.
<br />SECTION 2. TERM
<br />The term of this sublease shall commence on October 1, 2000 ("Commencement Date")
<br />and shall expire on September 30, 2001 ("Expiration Date"). By mutual agreement of the
<br />parties, set forth in writing, this Sublease may be extended beyond the original Expiration Date
<br />for up to two additional periods of one year each (each, a "Renewal Term"). Notice of a
<br />proposed Renewal Term, or of either party's desire for the Sublease to expire at the end of any
<br />term, shall be given at least 180 calendar days prior to the date on which a current term is set
<br />to expire.
<br />SECTION 3. RENT
<br />A. The Rent specified in paragraph 3.B., below, shall be payable in twelve (12) equal
<br />monthly installments, payable in full on or before the first day of each calendar month during the
<br />term(s) of the Sublease.
<br />B. The total annual rent payable by the Subtenant shall be as follows:
<br />Year 1 $2,067 per annum Year 3 $2,279 per annum
<br />Year 2 $2,171 per annum
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