LEASE 7444 RE AMD 1 A NEW LEAF.PDF
Extracted text (via pymupdf_layout)
3946 characters
LEASE No. L-7444 AMENDMENT No. 1 C-86-14-055-1-02 AMENDMENT No. 1 TO LEASE AGREEMENT BETWEEN A NEW LEAF, Inc. AND MARICOPA COUNTY RECITALS A. A New Leaf, Inc., as successor in interest to The Prehab Foundation, Inc., by Warranty Deed recorded on September 5, 2015, Lessor and Maricopa County, Lessee, are parties to that certain Lease Agreement No. L-7444 dated and approved by the Maricopa County Board of Supervisors November 20, 2013, (the “Agreement”). The Agreement is for premises at 635 E. Broadway Road, Mesa, AZ 85204, consisting of 5,000 square feet of office and clinic space (the “Premises”). B. The term of the Agreement expires December 31, 2018. C. Lessor and Lessee now mutually desire to enter into this Amendment No. 1 to the Agreement (“Amendment”) to amend the Agreement to create a new lease term, adjust the lease rate, add certain improvements and update Lessee Notice address. AGREEMENT NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, Lessee and Lessor agree to amend the Agreement as follows: 1. The Recitals, by this reference, are hereby incorporated into this Amendment. 2. The term of the Agreement is hereby extended five (5) years, commencing January 1, 2019 and expiring December 31, 2023. This Agreement, as amended, is subject to termination pursuant to the provisions of A.R.S. § 38-511, the provisions of which are incorporated herein by this reference. 3. Lessee shall pay Lessor a fee not to exceed Three Thousand Five Hundred Dollars ($3,500.00), pro-rated in 24 monthly installments, for Lessee’s shared cost for a planned brick monument sign improvement (the “Monument Sign”) to include Lessee name and logo, as depicted on Exhibit “A”, attached hereto and made a part hereof. Lessor shall inform Lessee of its decision to build the Monument Sign and/or its final cost no later than the first day of the month when the 24th monthly installment payment is due. Pro-rated sign cost Monthly Months 1-23 $145.83 Months 24 $145.91 Provided however, in the event that the Lessee’s shared sign cost is less than the estimated $3,500.00, any remaining monthly amounts due to Lessor shall be adjusted to reflect the reduction in cost. In the event that Lessor does not construct the Monument Sign, any amount Lessee has paid towards to sign shall be reimbursed to Lessee within 30 days of the decision to not build. 4. Lessee agrees to pay as base rent, in equal monthly installments, the sums as follows: Lease Term Rate Monthly Annual Months 1-60 $12.00 per SF $5,000.00 $60,000.00 (plus rental tax) 5. Notices to Lessee shall be sent to: Maricopa County Real Estate Dept. Attn: Director 2801 W. Durango Street Phoenix, AZ 85009-6356 6. The effective date of this Amendment is the date of execution by the Maricopa County Board of Supervisors. 7. The foregoing paragraphs contain all the changes made by this Amendment. All other terms and conditions of the Agreement remain the same and in full force and effect. THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK LEASE No. L-7444 AMENDMENT No. 1 C-86-14-055-1-02 IN WITNESS WHEREOF, the parties have signed this Amendment. LESSOR: LESSEE: A New Leaf, Inc. Maricopa County _____________________________________ ____________________________________ Michael T. Hughes, Chairman of the Board Steve Chucri, Chairman of the Board _____________________________________ ATTEST: Date _____________________________________ Clerk of the Board Date This Amendment has been reviewed by the undersigned Deputy County Attorney, who has determined that it is proper in form and is within the power and authority granted under the laws of the State of Arizona. _____________________________________ Deputy County Attorney Date LEASE No. L-7444 AMENDMENT No. 1 C-86-14-055-1-02 Exhibit “A” Monument Sign Approximately 10’ wide X 7’ tall, or; Approximately 5’ wide X 5’ tall