AGENDA_C-85-07-021-4-02_LEASERENEW.PDF

Agenda Item Id:
Item Title
AMENDMENT TO LEASE AGREEMENT L-7396 WITH CREF LCP LLC
C Number: C-85-07-021-4-02
Action Requested:
Approve and authorize the Chairman to execute, Amendment No. 1 to Lease Agreement L-7396
(“Agreement”) with CREF LCP LLC as successor in interest to Lincoln Commerce Park II, Limited
Partnership (“Lessor”) to extend the term of the Agreement for the County’s use of approximately
13,524 s.f. of shop and office space at 2145 S. 11th Avenue in Phoenix.
Board Required Information:
Amendment No. 1 will extend the term of the agreement for five (5) years commencing February 1,
2015, and expiring January 31, 2019, unless terminated earlier through non-appropriation of funds or
pursuant to A.R.S. 38-511.
The annual NNN rental rates during the renewal term will be:
Renewal Year 1: $6.60/s.f. plus rental tax;
Renewal Year 2: $6.72/s.f. plus rental tax;
Renewal Year 3: $6.84/s.f. plus rental tax;
Renewal Year 4: $6.96/s.f. plus rental tax;
Renewal Year 5: $7.08/s.f. plus rental tax.
As part of Amendment No. 1, the Lessor, at the Lessee’s sole cost, will provide tenant improvements to
the Premises at a cost not-to-exceed $31,800.00 plus applicable taxes.
Additional Information:
This item was endorsement by the Facilities Review Committee during February of 2014.
Expenditure Impact By FY:
FY 2014-15 $ 68,991 (rent and tenant improvements)
FY 2015-16 $ 89,935
FY 2016-17 $ 91,557
FY 2017-18 $ 93,180
FY 2018-19 $ 94,803
FY 2019-20 $ 55,854

Item Notes:
(4/8/2014 8:48:09 AM) - Step: ClrkOfBrd
User: Juanita Garza
Response: APPROVE
(4/8/2014 8:41:29 AM) - Step: CountyAtty
User: David Benton
Response: APPROVE
Comments:
Approved as to form
(4/8/2014 8:38:03 AM) - Step: RealEst
User: Dennis Lindsey
Response: APPROVE
Comments:
Recommend approval of this item.
(4/8/2014 8:17:16 AM) - Step: OMB
User: Brian Hushek
Response: APPROVE
Comments:
Recommend approval.
(4/8/2014 8:12:17 AM) - Step: DepartmentChief
User: Joy Rich
Response: APPROVE
(4/7/2014 2:54:52 PM) - Step: DeptHead
User: Heather Thrasher
Response: APPROVE
(4/7/2014 2:50:36 PM) - Step: Originator
User: Heather Thrasher
Response: APPROVE
Comments:
Changed PAS code from ODIR to FACI as directed by OMB.

(3/31/2014 3:30:58 PM) - Step: OMB
User: Brian Hushek
Response: CANCEL
Comments:
PAS code to be changed to FACI.
(3/27/2014 11:42:32 AM) - Comments From Ida Flaherty
Waiting for PAS code to be changed to FACI.
(3/26/2014 3:56:50 PM) - Comments From Brian Hushek
Please review.
(3/19/2014 1:29:41 PM) - Step: MtlsMgt
User: Wes Baysinger
Response: MOVE FORWARD
Comments:
Item does not require the approval of OPS.
(3/19/2014 10:55:09 AM) - Step: CountyAtty
User: Robert Swan
Response: APPROVE
(3/19/2014 10:51:11 AM) - Comments From Betsy Pregulman
Approve
(3/19/2014 8:33:11 AM) - Step: RealEst
User: Dennis Lindsey
Response: APPROVE
Comments:
Recommend approval of this item.
(3/19/2014 7:32:32 AM) - Step: DepartmentChief
User: Suzanne Gray
Response: APPROVE
(3/18/2014 5:09:48 PM) - Step: DeptHead
User: Heather Thrasher
Response: APPROVE

(3/18/2014 5:07:02 PM) - Step: Originator
User: Heather Thrasher
Response: APPROVE
Is there a Financial Impact?
yes
FY Bgt PAS Fund Agency Dept Org. Object Sub- $Amount Rept. Prjt
Obj Cat. Code
2015 N FACI 504 852 850 8520 0820 01 $68,991 0
2016 N FACI 504 852 850 8520 0820 01 $89,935 0
2017 N FACI 504 852 850 8520 0820 01 $91,557 0
2018 N FACI 504 852 850 8520 0820 01 $93,180 0
2019 N FACI 504 852 850 8520 0820 01 $94,803 0
2020 N FACI 504 852 850 8520 0820 01 $55,854 0
Is there related Managing for Results information?
yes
Program Activity Performance/Demand Anticipated Results
Measure
Administrative Services Budgeting Percentage of activitis Continued monitoring
within budget at year-end allows continued air
quality compliance
General Item Information
Department: Air Quality Department
Constellation:
Contact Name: Dennis Lindsey
Phone Number: 602-506-5150
Return To: Ken Proksa
Phone Number: 602-506-5150
Location: Supervisors' Auditorium
Board:
Meeting Date: 4/9/2014
Item Tracking
Step Action User Date

Originator APPROVE Heather Thrasher 3/18/2014 5:06:59 PM
DeptHead APPROVE Heather Thrasher 3/18/2014 5:09:45 PM
DepartmentChief APPROVE Suzanne Gray 3/19/2014 7:32:30 AM
RealEst APPROVE Dennis Lindsey 3/19/2014 8:33:08 AM
Legal APPROVE Robert Swan 3/19/2014 10:55:06 AM
MtlsMgt MOVE FORWARD Wes Baysinger 3/19/2014 1:29:38 PM
OMB CANCEL Brian Hushek 3/31/2014 3:30:55 PM
Originator APPROVE Heather Thrasher 4/7/2014 2:50:33 PM
DeptHead APPROVE Heather Thrasher 4/7/2014 2:54:49 PM
DepartmentChief APPROVE Joy Rich 4/8/2014 8:12:14 AM
OMB APPROVE Brian Hushek 4/8/2014 8:17:13 AM
RealEst APPROVE Dennis Lindsey 4/8/2014 8:38:01 AM
Legal APPROVE David Benton 4/8/2014 8:41:26 AM
ClrkOfBrd APPROVE Juanita Garza 4/8/2014 8:48:04 AM
CountyManager APPROVE Chris Pinuelas 4/8/2014 8:51:52 AM
Board of Supervisors / Directors Approved on 4/11/2014.