C-number: C-86-11-091-1
Item Text
66. LEASE AGREEMENT L-7433 WITH DAVISON FAMILY TRUST FOR MARICOPA COUNTY Approve and authorize the Chairman to execute Lease Agreement L-7433 between Davison Family Trust as Lessor, and Maricopa County as Lessee for 1,290 square feet (sf) of office space at 4419 E. Main Street, Suite 105, Mesa, Arizona. The term of this lease shall be for a period of five (5) years commencing after approval and execution of the lease agreement. The Base rent plus rental tax: Year 1, $19,350.00 ($15.00/sf), Year 2, $19,930.50 ($15.45/sf), Year 3, $20,528.40 ($15.91/sf), Year 4, $21,144.24 ($16.39/sf), Year 5, $21,778.56 ($16.88/sf). Prior to tenant occupancy, Lessee shall pay Lessor for the cost of the required tenant improvements (TI) an amount not to exceed $50,000.00. The lease contains a six (6) month holdover provision. The Lessor grants to Lessee the option to renewing the Lease for one (1) additional three (3) year term. This Lease Agreement L-7433 was endorsed by the County’s Facility Review Committee during May of 2011. Tenant improvement will be funded through carry over fee fund balance. Overall fee fund budget will be adjusted as necessary to accommodate the tenant improvement cost through a future reconciliation. Funds for this agreement does not affect County’s general fund. (C-86-11-091-1-00)
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58. AMENDMENT TO LEASE AGREEMENT L-7433 WITH DAVISON FAMILY TRUST FOR MARICOPA COUNTY Approve and authorize the Chairman to execute Amendment No. 1 to Lease Agreement L-7433 between Davison Family Trust as Lessor, and Maricopa County as Lessee to add Suite No. 107 which represents an additional 900 square feet of office space, at 4419 E. Main Street, Mesa Arizona making a total 2,190 square feet. The current lease is a five (5) year lease at $15.00 a square foot plus rental tax with 2.2% annual bumps each year thereafter. Lessee may terminate this agreement subject to A.R.S. 38-511 and for “non-appropriation of funds. This action was endorsed by the County Facility Review Committee at its August 2011 meeting. (C-86-11-091-1-01)
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49. AMENDMENT TO LEASE AGREEMENT WITH DAVISON FAMILY TRUST FOR USE OF SPACE Approve and execute amendment number two (2) to lease No. L-7433 with Davison Family Trust and authorize the Chairman to execute Amendment number two to Lease Agreement L-7433 between Davison Family Trust as Lessor, and Maricopa County as Lessee at 4419 E. Main Street, Mesa, Arizona. This amendment will extend the lease term three (3) years commencing October 21, 2016 and expire October 20, 2019. The leased premises are for 2,190 square feet of office space for Public Health Department, Office of Vital Registration. Certain Tenant Improvements will be made by the Lessor at Lessor’s expense as outlined in Exhibit “B”. Lessee may terminate this agreement subject to A.R.S. 38-511 and for “non-appropriation of funds at the end of any fiscal year. Lessee or Lessor may terminate the agreement with 90-days written notice to the other. Year Rate Monthly Annual One $16.88 $3,080.60 $36,967.20 plus rental tax Two $17.39 $3,173.68 $38,084.16 plus rental tax Three $17.91 $3,268.58 $39,222.90 plus rental tax (C-86-11-091-1-02)
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