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• THIS SUBLEASE AGREEMENT, made and entered into this day of
<br />12000, by and between THE CITY OF CHARLOTTESVILLE,
<br />VIRGINIA, a municipal corporation, Grantor, herein referred to as "Tenant," whose address is
<br />P.O. Box 911, Charlottesville, Virginia, 22902, and The Downtown Property Owners' Council, a
<br />council of the Charlottesville Regional Chamber of Commerce, Grantee, herein referred to as
<br />"Subtenant," whose address is P.O. Box 1564, Charlottesville, Virginia, 22902.
<br />WITNESSETH:
<br />WHEREAS, Tenant is in rightful possession of the premises of the office building
<br />located at 108 2nd 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 I" 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 twenty-seven square feet (127 SF) of the
<br />office building premises described in the Lease marked as "Exhibit A", which area of 127 SF is
<br />herein referred to as the "Subleased Premises." The Tenant and the Subtenant shall, together,
<br />prior to the Subtenant's occupancy of the Subleased Premises, delineate the limits of the space
<br />to 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 September 1, 2000 ("Commencement
<br />Date") and shall expire on August 31, 2003 ("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 annual installments,
<br />payable in full on or before the first day of September each year during the term(s) of the
<br />Sublease. Notwithstanding the foregoing, with respect to the initial twelve months of the lease
<br />(September 1, 2000 through August 31, 2001), the first year's rent shall be due and payable on
<br />or before the date that the Subtenant takes actual possession of the Subleased Premises.
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