VINEYARD-KIOWA LEASE AMENDMENT 5 L-7330.PDF

Lease No. L-7330 Amendment No. 5
C-22-03-110-4-05
AMENDMENT No. 5 TO LEASE AGREEMENT
BETWEEN
VINEYARD/KIOWA, LLC, AN ARIZONA LIMITED LIABILITY COMPANY, BY
PRESSON CORP., an ARIZONA CORPORATION, LESSOR
AND
MARICOPA COUNTY, LESSEE
RECITALS
A. Lessor and Lessee are parties to that certain Lease Agreement No. L-7330, approved by
the Maricopa County Board of Supervisors on December 18, 2002, and subsequently
amended on May 21, 2008, May 11, 2011, February 26, 2014 and February 25, 2015,
(together, the “Agreement”). The Agreement is for premises at 2150-1 South Country
Club Road, Suite 7, Mesa, AZ, consisting of 18,508 rentable square feet of office space.
B. The term of the Agreement expires on May 31, 2016.
C. Lessor and Lessee now mutually desire to amend the Agreement to exercise the second of
four options to renew.
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 term of the Agreement is hereby extended one (1) year, commencing June 1, 2016
and expiring May 31, 2017, with two (2) one-year renewal options remaining at the sole
discretion of the Lessee, unless terminated earlier as provided for in the Agreement.
Lessee shall give notice to Lessor at least ninety (90) days prior to the expiration date of
the Agreement of Lessee’s intent to extend the term of the Agreement through Lessee’s
one-year renewal option. 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 rent, in equal monthly installments, the sums as
follows:

2nd Option Year Rate Monthly Annual
6/1/16 – 5/31/17 $18.00/s.f. $27,762.00 plus tax $333,144.00 plus tax
3rd Option Year Rate Monthly Annual
6/1/17 – 5/31/18 $18.00/s.f. $27,762.00 plus tax $333,144.00 plus tax
4th Option Year Rate Monthly Annual
6/1/18 – 5/31/19 $18.50/s.f. $28,533.17 plus tax $342,398.00 plus tax
3. The effective date of this amendment is the date of execution by the Maricopa County
Board of Supervisors.
4. The foregoing paragraphs contain all the changes made by this Amendment No. 5. All
other terms and conditions of the original Agreement and subsequent amendments remain
the same and in full force and effect.

LEASE NO L-7330 AMENDMENT NO. 05
C-22-03-110-4-05
IN WITNESS WHEREOF, the parties have signed this Amendment No. 5:
LESSOR: Vineyard/Kiowa, LLC, an LESSEE: Maricopa County, a political
Arizona Limited Liability Company subdivision of the State of Arizona
By: Presson Corp., an Arizona
Corporation ____________________________________
Chairman of the Board of Supervisors
_____________________________________ ATTEST:
Daryl R. Burton, President Date
____________________________________
Clerk of the Board Date
This amendment has been reviewed by the undersigned 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