July 16, 1997
Xx. Xxxx X. Xxxxxx, General Partner
East Xxxx Land Development & Investment Co ., L.P.
P. O. Box 6038
Marietta, GA 30065
RE: First Lease Renewal dated June 6, 1996, for the purpose
of extending and amending lease dated August 1, 1995,
between East Xxxx Land Development & Investment Co., L.P.
and Imaging Information Industries/ Xxxxx Xxxxxx, President
Dear Xx. Xxxxxx:
In accordance with Article "D" of the above captioned "First Lease Renewal"
(copy attached), I exercise my right to renew the above referenced lease for one
(1) additional year beginning August 1, 1997, and ending July 31, 1998, at a
rental rate of twelve hundred sixty dollars and no/00 ($1,260.00) per month. All
other terms of the original lease dated August 1, 1995, shall, remain the same.
Signed: /s/ Xxxxx Xxxxxx
-----------------------------------
Xxxxx Xxxxxx, President
Accepted by: /s/ Xxxx X. Xxxxxx
-------------------------------
Xxxx X. Xxxxxx, General Partner
Date: 7-18-97
---------------------------------------
FIRST LEASE RENEWAL
-------------------
This Amendment of Lease for the purpose of extending and amending said Lease
this 6th day of June, 1996, by and between East Xxxx Land Development and
Investment Co., L.P. a Georgia Limited Partnership with mailing address of P. O.
Box 6038, Marietta, Georgia 30065 {Landlord), and Imaging Information
Industries/Xxxxx Xxxxxx, President with offices at 0000 Xxxxx Xxxxxxx Xx.,
Xxxxxxxx, Xxxxxxx 00000 (Tenant).
W i t n e s s :
WHEREAS, BY INDENTURE OF Lease dated August 1, 1995, made between Landlord and
Tenant (the "Lease") there was demised and leased to Tenant certain premises in
the Eastgate Shopping Center, situated at the southeast corner of the
intersection of Xxxxx Road and Lower Roswell Road, Xxxx County, Georgia, and
more particularly described in the Lease : and
Whereas, Landlord and Xxxxxx, desire to amend and extend said Lease for a period
of one (1) year;
Now Therefore, it is agreed between Landlord and Xxxxxx that said Lease
shall be renewed and amended as follows:
A. Present Lease shall expire July 31, 1996, and the Lease renewal period
of one (1) year shall begin August 1, 1996, and end July 31, 1997.
B. During this one (1) year renewal period the rental rate will be twelve
hundred and no/100 dollars ($1,200.00) per month.
X. Xxxxxxxx agrees to install approximately 1962 sq. ft. of carpet in the
premises replacing existing carpet.
X. Xxxxxxxx agrees Tenant may renew the Lease for one (1) additional year
beginning August 1, 1997, and ending July 31, 1998 at a rental rate of twelve
hundred sixty dollars and no/100 ($1,260.00} per month by giving Landlord a
written notice sixty (60) days prior to the expiration of this renewal.
E. All other terms and conditions of the original lease dated August 1,
1995, shall remain the same and in full force and effect and are hereby
reaffirmed.
Accepted this 6th day of June, 1996, as to Landlord; and this 6th day of
June, 1996, as to Tenant.
Landlord:
East Xxxx Land Dev. & Inv. Co. L.P.
/s/ Xxxx X. Xxxxxx
-------------------------------
Xxxx X. Xxxxxx, Genera1 Partner
Tenant:
Imaging Information Industries
/s/ [illegible]
-------------------------------
0000 Xxxxx Xxxxxxx Xxxx - P. O. Box 6038
MARIETTA, GEORGIA 30065
September 9, 1996
Imaging Information Industries
0000 Xxxxx Xxxxxxx Xx.
Marietta, Georgia 30068
Gentlemen:
Under the Lease agreement between the East Xxxx Land Development & Invetment Co.
and Imaging Information Industries dated August 1, 1995, Paragraph 21. of said
lease calls for Imaging Information Industries to pay their proportionate part
of any property tax increase over the base year which in your case was 1995. The
Property Tax for the year 1995 was $29,684.20 (see attached statement). The
Property Tax for 1996 was $30,853.65 (see attached statement). The difference
between the years 1995 and 1996 taxes was $1,169.45. Imaging Information Ind.
has a square footage in the shopping center equal to 3,143 sq. ft. The total
square footage of the Shopping Center equals 51,500 sq. ft.
3,143 sq. ft. $71.37
------------------------ X $1,169.35 = ---------------------------
51,500 sq. ft. share of additional
property taxes for the year
1996.
Please make check payable to East Xxxx Land Development & Investment Co. and
send to: P.O. Box 6038, Marietta, Georgia 30065.
Should you have any question, please call me.
Thank you for your kind attention.
Kindest regards,
/s/ Xxxx X. Xxxxxx
Xxxx X. Xxxxxx, President
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95054527 PROPERTY IDENTIFICATION 0000 XXXXX XXXXXXX XX XX 0000 PHOTO
------------------------------------------------------------------------------------------------------------------------------------
LAND LAND O UNIT PH BLD S GROSS x 40%
DIST LOT O XXX S LOT 8 UNIT ACRES H C C VALUE [ILLEGIBLE] [ILLEGIBLE]
------------------------------------------------------------------------------------------------------------------------------------
16 1206 013 0009 0.0 0 9 2310300 924120 1658
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GROSS
ASSESSMENT - EXEMPTION = NET ASSESSMENT X MILLAGE RATE = TAX
------------------------------------------------------------------------------------------------------------------------------------
TAXING AUTHORITY GROSS ASSESSMENT EXEMPTIONS NET ASSESSMENT RATE [ILLEGIBLE] [ILLEGIBLE]
------------------------------------------------------------------------------------------------------------------------------------
SCHOOL GENERAL 924120 0 924120 .01783 15477.06
------------------------------------------------------------------------------------------------------------------------------------
SCHOOL BOND 924120 0 924120 .00460 4250.95
------------------------------------------------------------------------------------------------------------------------------------
TOTAL SCHOOL TAXES 20728.01
------------------------------------------------------------------------------------------------------------------------------------
COUNTY GENERAL 924120 0 924120 .00725 6699.87
------------------------------------------------------------------------------------------------------------------------------------
COUNTY BOND 924120 0 924120 .00078 720.81
------------------------------------------------------------------------------------------------------------------------------------
COUNTY FIRE 924120 0 924120 .00297 2477.64
------------------------------------------------------------------------------------------------------------------------------------
TOTAL COUNTY TAXES 10165.32
------------------------------------------------------------------------------------------------------------------------------------
N/A
------------------------------------------------------------------------------------------------------------------------------------
TOTAL CITY TAXES N/A
------------------------------------------------------------------------------------------------------------------------------------
STATE 924120 0 924120 .00025 231.03
------------------------------------------------------------------------------------------------------------------------------------
EAST XXXX LAND DEV & INV CO TOTAL STATE TAXES 231.03
------------------------------------------
TOTAL TAXES DUE - 31124.36
------------------------------------------
10% PENALTY FOR NOT
FILING A TAX RETURN 0.00
------------------------------------------
BALANCE DUE -
BY OCT. 15, 1995 31124.36
------------------------------------------
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Total Property Tax for the year 1995 ia $31,124.36
Less Tax Paid by 1st Union National - 1,440.16
----------
Bank on Ground Lease $29,684.20 Adjusted Base
Tax for the
year 1995.
