Vote — approved

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

Ayes: Clint Hickman, Jack Sellers, Thomas Galvin, Bill Gates, Steve Gallardo

Item Text

17. LEASE WITH IP BPG CITY SQUARE, LLC Approve a lease agreement #L-7517 between IP BPG CITY SQUARE, LLC, a Delaware limited liability company, (“Landlord”) and Maricopa County, a political subdivision of the State of Arizona (“Tenant”) concerning 27,806 gross sq. ft., located in an office building that is situated at 4000 N CENTRAL AVENUE; PHOENIX, AZ 85012, Floors 16 and 17. The term of this lease is ninety (90) months and will commence on the date of Substantial Completion Tenant Improvement “Commencement Date”. There is an option to renew up to two additional 5-year terms, with 90-day notice. The Lease Term total expense will be $4,817,389.50, see full rent schedule attached. This Agreement may be terminated at the end of any fiscal year due to non-appropriation of funds. This space will be used by MCSO’s Professional Standards Bureau (PSB). This unit is currently housed in the Maricopa County East Court Building. (C-50-24-004-X-00)

Attachments (2)

Vote — approved

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

Ayes: Jack Sellers, Thomas Galvin, Bill Gates, Clint Hickman, Steve Gallardo

Item Text

22. FIRST AMENDMENT TO LEASE AGREEMENT L-7517 WITH IP BPG CITY SQUARE, LLC Approve and authorize the Chairman to execute First Amendment to Lease Agreement L-7517 between Maricopa County and IP BPG City Square, LLC, a Delaware limited liability company (“Lessor”). This First Amendment allows for reimbursement of additional tenant improvements not contemplated in the Lease Agreement in the Amount of One Hundred Seventy-One Thousand Seventy-One Dollars and Sixty-Seven Cents ($171,071.67). In association with the additional tenant improvements, the First Amendment also extends the default period for Lessor’s failure to substantially complete the tenant improvements from May 1, 2024 to no later than July 1, 2024. This space will be used by Maricopa County Sheriff's Office (MCSO’s) Professional Standards Bureau. The property is in Supervisor District 3 (C-50-24-004-X-01)

Attachments (1)