LEASE RE AMD 10 1837 PROPERTY LLC.PDF

LEASE NO L-7171 AMENDMENT NO. 10
C-24-04-001-4-04
AMENDMENT No. 10 TO LEASE AGREEMENT
BETWEEN
1837 Property, LLC, LESSOR
AND
MARICOPA COUNTY, LESSEE
RECITALS
A. Lessor and Lessee (the “Parties”) are Parties to that certain Lease Agreement No.
L-7171 dated October 19, 1992 and subsequently amended by Amendment No. 1
dated October 2, 1996; by Amendment No. 2 dated June 22, 1998; by Amendment
No. 3 dated October 18, 2000; by Amendment No. 4 dated October 2, 2003; by
Amendment No. 5 dated June 22, 2005; by Amendment No. 6 dated May 17,
2006; by Amendment No. 7 dated July 22, 2009; by Amendment No. 8 approved
June 6, 2012; and Amendment No. 9 approved November 5, 2014 (the “Lease”).
The Lease is for premises described as 8,998 square feet of office and court space
located at 1837 S. Mesa Drive, Mesa, Arizona (the “Premises”).
B. The Lease expires August 31, 2019.
C. The Parties now mutually desire to enter into this Amendment No. 10 to the Lease
(“Amendment No. 10”) to further amend the Lease to extend the Lease term.
NOW THEREFORE, in consideration of the foregoing and other good and valuable
consideration, receipt and sufficiency of which is hereby acknowledged, the Parties
mutually agree as follows:
1. The foregoing recitals are by this reference incorporated and made a part of this
Amendment No. 10.
2. The Parties hereby agree to extend the term of the Lease for thirty (30) months
commencing on September 1, 2019, and expiring on February 28, 2022, unless
terminated earlier as provided for in the Lease. The full service rent during the
extended term shall be as follows:
Lease Year Rate Monthly Annual
9/1/19-2/29/20 $19.50 $14,621.75 plus rental tax (RT) $87,730.50 plus RT
3/1/20-2/28//21 $20.00 $14,996.67 plus RT $179,960.00 plus RT
3/1/21-2/28/22 $20.50 $15,371.72 plus RT $184,459.00 plus RT
3. The effective date of this Amendment No. 10 is the date of. execution by
Maricopa County. This Lease is subject to termination pursuant to the provisions
of A.R.S. §38-511. Either Lessee or Lessor may terminate the Agreement with
ninety (90) days’ prior written notice by certified mail. Notwithstanding any term

LEASE NO L-7171 AMENDMENT NO. 10
C-24-04-001-4-04
or condition of the Lease, Lessee may terminate the Lease at the end of any fiscal
year provided that funds are not available from the governing legislature or
funding body. Lessee’s fiscal year ends June 30th of each year. Lessor and /or any
of its employees, agents, officers, directors, members, successors or assigns
hereby waive any and all rights to bring any claim against Lessee or its employees,
agents, officers, directors, members, successors or assigns from, or related in any
way to, Lessee’s termination of this Lease pursuant to this Paragraph 3 of this
Amendment No. 10.
4. The foregoing paragraphs contain all the changes made by this Amendment No.
10. All other terms and conditions of the original Lease and subsequent
amendments remain the same and in full force and effect.
IN WITNESS WHEREOF, the Parties have signed this Amendment No. 10 to Lease
L-7171.
LESSOR: LESSEE:
1837 Property, LLC Maricopa County
_______________________________ ___________________________________
Jerry Banicki, Member Bill Gates
Chairman of the Board of Supervisors
_______________________________
Date ATTEST:
____________________________________
Clerk of the Board Date
APPROVED as to FORM:
____________________________________
Deputy County Attorney Date