C-number: C-44-10-094-1
Item Text
97. AMENDMENT TO LEASE Approve and authorize the Chairman to execute, Amendment No. 1 to lease No. L-7367 with 501 N. 44th Street LLC, Lessor, for a reduction in leased premises, modifications to parking allocations, alterations to the tenant build-out, modifications to rental rates, an update to the Base Year, and an extension of lease term for the county’s leased office space at 501 North 44th Street in Phoenix. The First Amendment to Lease No. L-7367 reduces the leased premises from 48,463 rentable square feet to 35,271 rentable square feet. In addition, this lease amendment modifies the county’s parking allocation based upon four spaces per one thousand rentable square feet and allocates ten reserved parking spaces to the county along with one loading space. The Lessor will be responsible for necessary base building modifications to make ready the second floor space for the relocation of county staff from the first floor vacated space. Additionally, this first amendment updates the Base Year to 2010 and extends the term of the lease for 5 years beginning September 7, 2010 and ending September 6, 2015. The base rent expense during the extension term will be as follows: (C-44-10-094-1-00) Month Rate Monthly 1-4 $10.00 $30,157 plus O&M expenses and tax 5-12 $16.00 $48,251 plus O&M expenses and tax 13-24 $17.00 $51,266 plus O&M expenses and tax 25-26 $18.00 $54,282 plus O&M expenses and tax 27-48 $19.00 $57,298 plus O&M expenses and tax 49-60 $20.00 $60,313 plus O&M expenses and tax
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29. AMENDMENT TO LEASE WITH 501 N. 44TH STREET LLC, LESSOR FOR THE COUNTY’S LEASED OFFICE SPACE Approve and authorize the Chairman to execute Amendment No. 02 to Lease No. L-7367 with 501 N. 44th Street LLC for the property located at 501 N. 44th St. The purpose of this amendment is to extend the lease. This amendment is effective from October 15, 2014 to September 30, 2020. First Amendment is under C-44-10-094-1-00. The Second Amendment to Lease No. L-7367 reduces the leased premises from 35,271 rentable square feet to 28,902 rentable square feet effective October 15, 2014. In addition, this lease amendment reduces the county’s parking allocation based upon four spaces per one thousand rentable square feet. The Lessor will be responsible for necessary base building modifications to create a corridor to the first floor training rooms located within Suite 102. Additionally, this second amendment updates the Base Year to 2014 and extends the term of the lease through September 30, 2020. The base rent expense during the term will be as follows: Lease Year Rate Monthly 10/15/2014 – 9/30/2015 $19.00 $45,761.50 plus O&M expenses and tax 10/1/2015 – 9/30/2016 $19.75 $47,567.88 plus O&M expenses and tax 10/1/2016 – 9/30/2017 $20.50 $49,374.25 plus O&M expenses and tax 10/1/2017 – 9/30/2018 $21.25 $51,180.63 plus O&M expenses and tax 10/1/2018 – 9/30/2019 $22.00 $52,987.00 plus O&M expenses and tax 10/1/2019 – 9/30/2020 $22.75 $54,793.38 plus O&M expenses and tax (C-44-05-014-0-01)
Attachments (1)
Item Text
34. AMENDMENT TO LEASE WITH 501 N. 44TH STREET LLC FOR THE COUNTY’S LEASED OFFICE SPACE Approve, and authorize the Chairman to execute, the Third Amendment to lease No. L-7367 with 501 N. 44th Street LLC, Lessor, for the county’s leased office space at 501 North 44th Street in Phoenix. First Amendment is under C-44-10-094-1-00. The Third Amendment to Lease Agreement L-7367 adjusts the effective date of Lessee’s reversion of 6,295 square feet of office space on the first floor of the leased Premises to March 31, 2015, and adjusts the effective date for the reduction in the rent expense, the reduction in the HVAC credit, and the reduction in the parking space allocation to April 1, 2015. (C-44-05-014-0-02)
Attachments (2)
3 item(s) sharing C-number base C-44-10-094-1