C-number: C-78-21-033-X-00
Revision: 00
Vote — approved
57.LEASE AGREEMENT L-7488 CENTENNIAL WAY PARKING Approve and execute Lease Agreement, L-7488, with City of Mesa for use of ninety-one (91) parking spaces located at 240 North Pasadena Street (Centennial Way Surface Parking Lot), Mesa, Arizona (APN: 138-61-093). The Term of this agreement shall commence retroactively as of September 1, 2020 and be effective for a period of ten (10) years, expiring August 31, 2030. Consideration for the leased premises which consists of 44 covered and 47 uncovered
Item Text
57. LEASE AGREEMENT L-7488 CENTENNIAL WAY PARKING Approve and execute Lease Agreement, L-7488, with City of Mesa for use of ninety-one (91) parking spaces located at 240 North Pasadena Street (Centennial Way Surface Parking Lot), Mesa, Arizona (APN: 138-61-093). The Term of this agreement shall commence retroactively as of September 1, 2020 and be effective for a period of ten (10) years, expiring August 31, 2030. Consideration for the leased premises which consists of 44 covered and 47 uncovered parking spaces shall be $3,132.00 per month plus rental taxes. The agreement may be extended for up to three (3) renewal terms for a maximum of five (5) years each on the same terms and conditions as in effect immediately prior to the then-current expiration except the rental fee which shall be re-negotiated at the time of renewal. This agreement is subject to termination by either party pursuant to A.R.S. § 38-511 or for non-appropriation of funds. This action takes place in Supervisory District 2 (C-78-21-033-X-00)
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