Agenda 08/09/2008 - Laserfiche WebLink

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M Martinsville A CITY WITHOUT LIMITS June 1, 200 I Mr. Calvin Nolen 6132 Daniels Creek Road Martinsville, VA 24112 Dear Mr. Nolen: Consider this letter as an amendment to the lease agreement dated May 1, 1996 between the City of Martinsville (Lessor) and Calvin F. Nolen (Lessee), covering the lease of approximately 238 acres of farm property located off of North Daniels Creek Road in Henry County This letter hereby extends the lease agreement for another five (5) year term from July 1, 2001 through June 30, 2006, subject to the same conditions as the original agreement with the exception of the annual lease amounts, which shall be as follows: Year 1 July 1, 2001 - June 30, 2002 Year 2 July 1, 2002 - June 30, 2003 Year 3 July 1, 2003 - June 30, 2004 Year 4 July 1, 2004 - June 30, 2005 Year 5 July 1, 2005 - June 30, 2006 $1,575 $1,622 $1,670 $1,717 $ 1 ,764 The lease amounts represent a 5% increase for year 1, and subsequent 3% increases for years 2 through 5. As an indication of your agreement with these terms, please sign and return one (1) copy of this letter to the City's Public Works Office. The signed copy will be attached to the existing lease agreement and kept on file in the City's Engineering Office. The signed letter may be mailed to the following address: City of Martinsville, Department of Public Works, P.O. Drawer 11 12, Martinsville, VA 24114. Should you have any questions regarding this, please let me know. !:;\ Earl B. Reynolds, Jr. City Manager Cdg Accepted: Date: 0-- g _ 0 / Cc: Wade Bartlett, Finance Director Leon Towarnicki, Director of Public Works 55 West Church Street P.O. Box 1112 Martinsville, VA 24] 14-1112 540-656-5000 www.ci.martinsville.va.us