LEASE RE AMD 2 PGS PROPERTY MANAGERS LLC.PDF

LEASE No. L-7431 AMENDMENT No. 2
C-86-11-086-1-03
AMENDMENT No. 2 TO LEASE AGREEMENT
BETWEEN
PGS Property Managers, LLC
AND
Maricopa County
RECITALS
A. PGS Property Managers, LLC, as successor in interest to Patrick Shields and Gabrielle
Shields by Warranty Deed dated September 28, 2012, Lessor and Maricopa County, Lessee,
are parties to that certain Lease Agreement No. L-7431 dated and approved by the Maricopa
County Board of Supervisors June 20, 2011 and subsequently amended September 9, 2011,
(together the “Agreement”). The Agreement is for premises at 8828 N. Central Avenue,
Phoenix, AZ 85020 (the “Premises”), consisting of 4,699 square feet of office space.
B. The term of the lease expires July 21, 2016.
C. Lessor and Lessee now mutually desire to amend the Agreement to create a new lease term
and lease rate and amend paragraph 1.2 Use of Premises.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing and other valuable consideration,
receipt and sufficiency of which is hereby acknowledged, Lessee and Lessor agree to amend
Lease No. L-7431 as follows:
1. The term of the Agreement is hereby extended five (5) years, commencing July 22, 2016, and
expiring July 21, 2021. This Agreement is subject to termination pursuant to the provisions of
A.R.S. § 38-511, the provisions of which are incorporated herein by this reference.
2. Lessee agrees to pay as base rent, in equal monthly installments, the sums as follows:
Year Rate Monthly Annual ____
Months 1-12 $12.00 per SF $4,699.00 $56,388.00 plus rental tax
Months 13-24 $12.50 per SF $4,894.79 $58,737.50 plus rental tax
Months 25-36 $13.00 per SF $5,090.58 $61,087.00 plus rental tax
Months 37-48 $13.50 per SF $5,286.38 $63,436.50 plus rental tax
Months 49-60 $14.00 per SF $5,482.17 $65,786.00 plus rental tax
3. Paragraph 1.2 of the Original Lease is deleted in its entirety and replaced with the following:
1.2 Use of Premises. Lessee shall have exclusive use of the Premises for the operation of a
County Women and Infant Care nutrition education program and associated agency health
care providers and strategic partners. Lessee shall have access to the Premises twenty-four
(24) hours per day and seven (7) days per week and further stated at Section 16.18. Lessee is
hereby granted a non-exclusive right to use in common with Lessor, other tenants and
occupants and other parties authorized by Lessor, their respective employees, agents,

contractors, customers and invitees, such sidewalks, hallways, stairways, toilets and other
common areas and facilities as Lessor shall from time to time designate for common use
(“Common Areas”).
4. The effective date of this amendment is the date of execution by the Maricopa County Board
of Supervisors.
5. The foregoing paragraphs contain all the changes made by this amendment. All other terms
and conditions of the original agreement and as modified by subsequent lease amendments
remain the same and in full force and effect.
LEASE No. L-7431 AMENDMENT No. 2
C-86-11-086-1-03
IN WITNESS WHEREOF, the parties have signed this Amendment
LESSOR: LESSEE:
PGS Property Managers, LLC Maricopa County Board of Supervisors
________________________________________ _______________________________________
Manager/Member Date Clint Hickman, Chairman of the Board
ATTEST:
_______________________________________
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