AMENDMENT 1 TO LEASE L-7487 RE ROOSEVELT ELEMENTARY SCHOOL DISTRICT.PDF
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LEASE No. L-7487 Amendment No. 1 C-86-20-057-1-01 AMENDMENT NO. 1 TO LEASE AGREEMENT BETWEEN ROOSEVELT ELEMENTARY SCHOOL DISTRICT NO. 66 AND MARICOPA COUNTY RECITALS A. Maricopa County, a political subdivision of the state of Arizona (“Tenant”), and Roosevelt Elementary School District No. 66, a political subdivision of the state of Arizona, (“Landlord” or “District”) are parties to that certain Lease Agreement No. L-7487 dated July 9, 2020 (“Agreement”). The Agreement is for premises located at 4615 S. 22nd Street, Room 105, Phoenix, AZ (“Premises”). B. The term of the Agreement expires on June 30th, 2021. C. Tenant and Landlord now mutually desire to enter into this Amendment No. 1 (“Amendment”) to amend the Agreement to a) extend the term; b) adjust the monthly rent schedule; c) allow for administration authority for Tenant; and d) allow for counterpart signatures. AGREEMENT NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant agree to amend the Agreement as follows: 1. The Recitals, by this reference, are hereby incorporated into this Amendment. 2. Capitalized terms used in this Amendment without definition shall have the meanings assigned to such terms in the Agreement, unless the context expressly requires otherwise. 3. The term of the Agreement is hereby extended for two (2) years commencing July 1, 2021 through June 30, 2023, unless terminated earlier as provided for in the Agreement. This Agreement, as amended, is subject to termination pursuant to A.R.S. §38-511, the provisions of which are incorporated herein by this reference. The Agreement, as amended, may be terminated by Tenant at the end of any fiscal year due to non-appropriation of funds without any penalty or liability to Tenant. County and state fiscal years end June 30, Federal fiscal year ends September 30. 4. Tenant agrees to pay as rent, in equal monthly installments, the sums as follows: Fiscal Year Monthly Annual 2022 $350.00 $4,200.00 2023 $389.00 $4,668.00 5. ADMINISTRATION OF AGREEMENT. The Assistant County Manager for Maricopa County and/or the Real Estate Director for Maricopa County shall administer this Agreement. 6. This Agreement, as amended, may be executed in one or more counterparts and the signature pages combined to constitute one document. 7. The foregoing paragraphs contain all the changes made by this Amendment. All other terms and conditions of the original Agreement remain the same and in full force and effect, except as herein amended. LEASE No. L-7487 Amendment No. 1 C-86-20-057-1-00 IN WITNESS WHEREOF, the Parties have fully executed this Amendment as of the last date written below. ANDLORD: TENANT: Roosevelt Elementary School District No. 66 Maricopa County ___________________________________ _______________________________________ Karla Soto Date Jack Sellers Chief Financial Officer Chairman of the Board of Supervisors ATTORNEY FOR LANDLORD: ATTEST: ___________________________________ _______________________________________ Robert D. Haws Date Clerk of the Board Date APPROVED AS TO FORM: _______________________________________ Deputy County Attorney Date