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3. AMENDMENT TO LEASE AGREEMENT L-7396 WITH CREF LCP LLC Approve and authorize the Chairman to execute, Amendment No. 1 to Lease Agreement L-7396 (“Agreement”) with CREF LCP LLC as successor in interest to Lincoln Commerce Park II, Limited Partnership (“Lessor”) to extend the term of the Agreement for the County’s use of approximately 13,524 s.f. of shop and office space at 2145 S. 11th Avenue in Phoenix. Amendment No. 1 will extend the term of the agreement for five (5) years commencing February 1, 2015, and expiring January 31, 2019, unless terminated earlier through non-appropriation of funds or pursuant to A.R.S. 38-511. The annual NNN rental rates during the renewal term will be: Renewal Year 1: $6.60/s.f. plus rental tax; Renewal Year 2: $6.72/s.f. plus rental tax; Renewal Year 3: $6.84/s.f. plus rental tax; Renewal Year 4: $6.96/s.f. plus rental tax; Renewal Year 5: $7.08/s.f. plus rental tax. As part of Amendment No. 1, the Lessor, at the Lessee’s sole cost, will provide tenant improvements to the Premises at a cost not-to-exceed $31,800.00 plus applicable taxes. (C-85-07-021-4-02)

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25. ADMINISTRATIVE CORRECTION TO LEASE AGREEMENT WITH CREF LCP, LLC Approve an administrative correction to agenda item C-85-07-021-4-02 to change the expiration date of lease L-7396 with CREF LCP, LLC from January 31, 2019 to January 31, 2020. The agenda item for the five year lease had a term from February 1, 2015 to January 31, 2019. The correct term period should be from February 1, 2015 to January 31, 2020, five (5) years. As such, this is an administrative correction only to agenda C-85-07-021-4-02. All other term and conditions of the amendment remain the same. (C-85-07-021-4-03)

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34. ADMINISTRATIVE CHANGE TO RECOGNIZE NEW LESSOR FOR USE OF OFFICE SPACE Accept the administrative informational notice to Air Quality warehouse Lease Agreement L-7396 to recognize ColFin 2015-7 Industrial Owner, LLC as the new property owner with regards to the Air Quality office space at 2145 S. 11th Avenue, Phoenix, AZ. The purpose of this notice is to update a change of ownership from CREF LCP, LLC to ColFin 2015-7 Industrial Owner, LLC. Pursuant to Section 21 of Lease L-7396, the County recently received formal notice that ColFin 2015-7 Industrial Owner, LLC is the new property owner and successor Lessor of the lease agreement via Special Warranty Deed as recorded with the County Recorder on December 14, 2015, instrument number 2015-0881718. All rent payments and Notices under the Agreement shall be sent to ColFin 2015-7 Industrial Owner, PO Box 209263, Austin, TX 78720-9263. The new property manager has been identified as RiverRock Real Estate Group Arizona, Inc., 2720 E. Camelback Rd. , Suite 210, Phoenix, AZ 85016. All other terms and conditions of the subject Lease Agreement remain unchanged. (C-85-07-021-4-04)

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33. ADMINISTRATIVE CHANGE TO RECOGNIZE NEW LESSOR UNDER LEASE Accept the administrative informational notice to Air Quality; lease L-7396, to recognize CI PHX I-GW, LLC, a foreign LLC, as the new property owner and Lessor with regards to the Air Quality office and warehouse space lease L-7396 at 2145 S. 11th Avenue, Phoenix, AZ. The purpose of this notice is to update a change of entity name from ColFin 2015-7 Industrial Owner, LLC to CI PHX I-GW, LLC, a foreign LLC. Pursuant to Section 21 of lease L-7396 the County received formal notice on November 7, 2016 that CI PHX I-GW, LLC is the new property owner and successor Lessor of the lease agreement via Special Warranty Deed as recorded with the County Recorder on September 22, 2016, instrument number 2016-0689171. All rent payments under the Agreement shall be sent to CI PHX I-GW, LLC, PO Box 209263, Austin, TX 78720-9263. Required notices under the lease shall be sent to CI PHX I-GW, LLC, Attn: Asset Manager, 13727 Noel Road, Suite 750, Dallas, TX 75240, with a copy to the Property Manager. Property management for the lease remains the same. (C-85-07-021-4-05)

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Vote — approved

Steve Gallardo	abstain
Bill Gates	abstain
Clint Hickman	abstain
and Clint Hickman	yes
Denny Barney	abstain
Gallardo Treasurer A	yes
Steve Chucri	yes

22.AMENDMENT TO LEASE AGREEMENT L-7396 WITH CI PHX I-GW, LLCApprove and authorize the Chairman to execute Amendment No. 2 to Lease Agreement L-7396 (the “Agreement”) with CI PHX I-GW, LLC, an Arizona foreign limited liability company, as successor in interest to Colfin 2015-7 Industrial Owner, LLC (C-85-07-021-4-05) Lessor, with regards to the Air Quality office and warehouse space lease at 2145 S. 11th Avenue, Phoenix, AZ.The current Agreement expires January 31, 2020. Air Quality has need of P

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22. AMENDMENT TO LEASE AGREEMENT L-7396 WITH CI PHX I-GW, LLC Approve and authorize the Chairman to execute Amendment No. 2 to Lease Agreement L-7396 (the “Agreement”) with CI PHX I-GW, LLC, an Arizona foreign limited liability company, as successor in interest to Colfin 2015-7 Industrial Owner, LLC (C-85-07-021-4-05) Lessor, with regards to the Air Quality office and warehouse space lease at 2145 S. 11th Avenue, Phoenix, AZ. The current Agreement expires January 31, 2020. Air Quality has need of Premises “Improvements” of a conference room and updated tele-communications equipment to more effectively conduct County business; and updated flooring and paint. Amendment No. 2 extends the term 5 years will expire January 31, 2025 and allow construction of the Improvements. The Improvements will be constructed by County contractor at a cost not to exceed $175,000. Lessor is providing a refurbishment allowance for the Improvements equal to 2 month’s free rent for the months of February and March, 2020. Should Lessor terminate the Agreement prior to the expiration date, Lessor will reimburse County 100% of the cost if terminated prior to February 1, 2020 or the prorated costs over 5 years, commencing February 1, 2020, of the Improvements within 30-days of the termination date. The amended term will commence February 1, 2020 and expire January 31, 2025. The County may extend the Agreement for one five-year term, at the then market rate, with 180 day notice to Lessor. This Agreement as amended is subject to termination pursuant to the provisions of A.R.S. §38-511. The County may terminate the Lease at the end of any fiscal year for non-availability of funds. (C-85-07-021-4-06)

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