AMENDMENT 4 TO LEASE AGREEMENT WITH VINEYARD-KIOWA L-7330.PDF
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Lease No. L-7330 Amendment No, 4 C-22-03-110-4-04 AMENDMENT No. 4 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, and February 26, 2014, (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, 2015. C. Lessor and Lessee now mutually des'ire to amend the Agreement to exercise the first of four options to renew. AGREEMENT NOW THEREFORE, in consideration of the foregoing and other valuable considerations, 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, 2015 and expiring May 31, 2016, with three (3) one-year renewal options remining 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. 2. Lessee agrees to pay as rent, in equal monthly installments, the sums as follows: 1 St Option Year Rate Monthly Annual 6/1/15 —5/31/16 $17.50/s.f. $26,990.83 plus tax $323,890.00 plus tax 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 4 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. 4. 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. 04 C-22-03-110-4-04 IN WITNESS WHEREOF, the parties have signed this Amendment No, 4: 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. ALL ,,,4JtA./ oftt7, , ney