Vote — approved

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

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

Item Text

62. AMENDED AND RESTATED LEASE AGREEMENT WITH 4041 CENTRAL PLAZA LLC Approve and execute the Amended and Restated Lease Agreement (Agreement) with 4041 Central Plaza, LLC (Lessor), for Public Health’s use of 16,325 rentable square feet of office space located at 4041 N. Central Avenue, Phoenix, Arizona, which includes the c oncurrent termination of the current lease, and approve and authorize the Assistant County Manager for Maricopa County and/or the Real Estate Director for Maricopa County, each individually and separately, to administer this Agreement as appropriate and ne cessary, which authority includes but is not limited to, execution of Subordination, Non-Disturbance and Attornment, and Estoppel agreements. The term begins upon full execution of the Agreement and expires June 30, 2026. The total rent obligation over the term of the Agreement is $1,391,662.50 plus rental tax. The Agreement provides the County with 74 unreserved parking spaces and up to $700 per month for visitor validation credit (shared under another lease with Lessor) at no cost to the County. The A greement includes two renewal terms of five years each, upon written agreement of both parties. Public Health currently occupies the second floor (10,700 RSF) of 4041 N. Central Avenue under a lease agreement expiring June 30, 2023. Public Health will co ntinue to occupy the second floor in addition to the eighth floor, which is currently subject to a separate lease, under the new lease agreement referenced above. The leased property is located in Supervisory District 3. (C-86-22-205-X-01)

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