Vote — approved

Bill Gates	yes
Clint Hickman	yes
Jack Sellers	yes
Thomas Galvin	yes
Steve Gallardo	yes

41.AMENDMENT TO LEASE AGREEMENT WITH RAILROAD PROPERTIES, LLC. Approve and execute the Second Amendment to Lease Agreement with Railroad Properties, LLC., for County use of 3,600 rentable square feet (RSF) of office space located at 420 S. 3rd Avenue, Phoenix (L-7494). This amendment extends the term of the Lease Agreement for 65 months from August 1, 2022 to December 31, 2027 and increases the number of parking spaces from 14 to 66. The original 14 parking spaces are provided at no cost. The ad

Item Text

41. AMENDMENT TO LEASE AGREEMENT WITH RAILROAD PROPERTIES, LLC. Approve and execute the Second Amendment to Lease Agreement with Railroad Properties, LLC., for County use of 3,600 rentable square feet (RSF) of office space located at 420 S. 3rd Avenue, Phoenix (L-7494). This amendment extends the term of the Lease Agreement for 65 months from August 1, 2022 to December 31, 2027 and increases the number of parking spaces from 14 to 66. The original 14 parking spaces are provided at no cost. The additional 52 spaces are $30 per month per space. The first 5 months of the amended lease term are at no charge; the rent for months 6 – 17 is $25 per RSF plus rental tax with $0.50 annual escalations thereafter. The landlord is providing the County a tenant improvement allowance of $18,000. In addition, the County has a right to terminate the lease agreement, with no termination fee, after the 36th month of paid rent with 9 months written notice to the landlord. This site is located in Supervisorial District 5. (C-21-20-008-1-03)

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