C-number: C-12-08-001-4
Item Text
10. EARLY TERMINATION OF LEASE NO. L-7315 Approve the early termination of Lease No. L-7315 (C-12-08-001-4-00) at the end of the current fiscal year due to non-appropriation of funds; authorize payment of associated termination fees and move-out costs; and direct staff to provide written notice to the Lessor, EJM Kyrene Property, LLC, of the subject lease termination. Lease Agreement L-7315 allows for early termination due to non-appropriation of funds with reimbursement to the landlord of the unamortized tenant improvements, the unamortized broker commission, and a lost-rent penalty totaling $110,596.00 plus applicable tax. In addition, Maricopa County is financially responsible for any required repair of the premises and the potential cost to remove tenant improvements at the discretion of the Lessor. (C-12-11-002-1-00)
1 item(s) sharing C-number base C-12-08-001-4