Vote: approved

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53. AMENDMENT TO FULL SERVICE LEASE WITH CENTRAL ROOSEVELT1, LLC TO ADJUST OFFICE SPACE Approve and execute Amendment No. 3 to Lease No. C-85-05-007-0-02 with Central Roosevelt 1, LLC for the property located at 1001 N. Central Ave. The purpose of this amendment is to Space reallocation. This amendment is effective from September 1, 2009 to August 31, 2011. Approve and execute amendment to full service lease No. L-7365 with Central Roosevelt1, LLC for the addition of 2411 square feet of office space on first floor and vacate 5156 square feet of office space on the fourth floor, making 36,837 square feet the amended total square feet of leased space as depicted in Exhibit A. The change in leased space for the Air Quality Department at the subject leased facility was reviewed and approved by the Facilities Review Committee on May 28,2009. (C-85-05-007-0-04)

Vote: approved

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57. AMENDMENT TO LEASE WITH CENTRAL ROOSEVELT, LLC FOR AIR QUALITY DEPARTMENT LEASED SPACE Approve and execute Amendment No. 4 to Lease No. L-7365 with Central Roosevelt, LLC for the property located at 1001 N. Central Avenue, Phoenix, AZ. The purpose of this amendment is to decrease the leased space by 2,662 square feet for the Air Quality Department. This amendment is effective from the date of execution by the Maricopa County Board of Supervisors to August 31, 2011. The FY11 lease decreases by $29,892 plus tax and FY12 decreases by $51,243 plus tax. This lease amendment was heard and approved by the Facilities Review Committee on October 28, 2010. (C-85-05-007-0-05)

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53. AMENDMENT TO LEASE AGREEMENT L-7365 WITH CENTRAL ROOSEVELT I, LLC Approve and execute Amendment No. 5 to Lease No. L-7365 with Central Roosevelt I, LLC for the property located at 1001 N. Central Avenue, Phoenix, Arizona. The purpose of this amendment is to renew lease for 34,175 square feet of office space. This amendment is effective from September 1, 2011 to August 31, 2016. Amendment No. 5 of Lease Agreement L-7365 extends the lease term for five additional years commencing September 1, 2011, and terminating August 31, 2016. Amendment No. 5 will adjust the rental rate downward to $17.00 per rentable square foot (plus rental tax) for the first two lease years of the renewal term. The rental rate will increase to $17.50 per rentable square foot for lease years three and four of the renewal term; and the rental rate will increase to $18.00 per rentable square foot for the fifth year of the renewal term. (C-85-05-007-0-06)

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20. AMENDMENT TO LEASE AGREEMENT L-7376 WITH 1001 CENTRAL PARTNERS, LLC Action Requested: Approve, and authorize the Chairman to execute, Amendment No. 7 to Lease Agreement L-7365 between 1001 Central Partners, LLC as successor in interest to Central Roosevelt I, LLC, and Maricopa County for leased space at 1001 N. Central Avenue, Phoenix, AZ. This Amendment No. 7 will extend the lease term through June 30, 2018. In addition, the amendment will eliminate the LESSOR’s right to terminate the agreement early for convenience. The rental rates during the first year of the term extension will be $18.00 per rental square feet (plus taxes) and $18.50/s.f. (plus tax) for the subsequent, partial lease-year. (C-85-05-007-0-08)

Attachments (1)

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29. AMENDMENT TO LEASE AGREEMENT WITH 1001 N. CENTRAL HOLDINGS, LLC Approve, and authorize the Chairman to execute, Amendment No. 8 to Lease Agreement L-7365 between 1001 N. Central Holdings, LLC as successor in interest to 1001 Central Partners, LLC and Central Roosevelt I, LLC, and Maricopa County for leased space at 1001 N. Central Avenue, Phoenix, AZ. This Amendment No. 8 to Lease Agreement L-7365 authorizes the County to make modifications to the electrical and mechanical systems at the leased Premises. The mechanical and electrical improvements are part of the County-wide OET Refresh Project and the subject improvements support the County’s voice-data system at this leased location. The County will be responsible for any increase in the cost of electrical services resulting from the subject modifications. (C-85-05-007-0-09)

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26. ADMINISTRATIVE CHANGE TO RECOGNIZE NEW LESSOR OF LEASE AGREEMENT Approve an administrative change to Lease Agreement No. L-7365 to recognize K2H Central, LLC as the new property owner with regards to the Air Quality office space at 1001 N. Central Avenue, Phoenix, AZ. Pursuant to Section 17 of Lease L-7365, the County recently received formal notice that K2H Central, LLC is the new property owner and successor Lessor of the lease agreement via Special Warranty Deed as recorded with the County Recorder on May 8, 2015, instrument number 2015-0325608. All rent payments and Notices under the Agreement shall be sent to Victoria Properties Management, LLC, 627 S. 48th Street, Suite 110, Tempe, AZ 85281, the property manager. (C-85-05-007-0-10)

Attachments (1)