AMENDMENT TO LEASE RE EAST MESA JUSTICE COURT SPACE WITH J3 HARMON LLC.DOC
Extracted text (via pymupdf_layout)
4334 characters
LEASE No. L-7015 AMENDMENT No. 04 C-24-99-006-4-05 AMENDMENT No. 4 TO LEASE AGREEMENT BETWEEN J3 Harmon, L.L.C., LESSOR AND MARICOPA COUNTY, LESSEE RECITALS A. Lessor, as successor in interest to Arthur G. Grandlich dba McKellips Corporate Square and Betsy A. Grandlich Trust dba McKellips Corporate Square, and Lessee are parties to that certain lease Agreement No. L-7015 dated and approved by the Maricopa County Board of Supervisors under Maricopa County Board of Supervisors’ agenda item C-24-99-006-4-00 approved on August 18, 1993; and subsequently amended via Amendment No. 1 (C-24-99-006-4-01) dated January 6, 1999; Amendment No. 2 (C-24-99-006-4-02) dated October 20, 2004; and Amendment No. 3 (C-24-99-006-4-04) dated November 18, 2009; together the “Agreement”. B. The Agreement is for the Premises at 4811 East Julep, Suite 128, Mesa, AZ, consisting of 8,000 rentable square feet of office and justice court space. C. The term of the Agreement expires December 31, 2014. D. Lessor and Lessee now mutually desire to amend the Agreement to extend the lease term and to document the rent during the extended lease term. 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 five (5) years, commencing January 1, 2015, and expiring December 31, 2019, unless terminated early as provided for in the Agreement. This Agreement is subject to termination pursuant to the provisions of A.R.S. 38-511. Lessee may terminate the Agreement with ninety (90) days prior written notice. Notwithstanding any term or condition of the Agreement, Lessee may terminate the Agreement at the end of any fiscal year provided that funds are not available from the governing legislature or funding body. Lessee’s fiscal year ends June 30th of each year. Lessor and /or any of its employees, agents, officers, directors, members, successors or assigns hereby waive any and all rights to bring any claim against Lessee or its employees, agents, officers, directors, members, successors or assigns from, or related in any way to, Lessee’s termination of this Agreement pursuant to this Paragraph 1 of this Amendment No. 4. 2. Lessor grants to Lessee the option to renew the Agreement for one additional three (3) year term. To exercise this option, Lessee shall provide Lessor with LEASE No. L-7015 AMENDMENT No. 04 C-24-99-006-4-05 written notice of their intent to renew no later than 90 days prior to the expiration of the Agreement. The rental rates during the option term shall be negotiated at the time of the renewal. 3. Lessee agrees to pay as base rent, in equal monthly installments, the sums as follows: Lease Year Rate Monthly Annual One $18.00/s.f. $12,000.00 plus tax $144,000.00 plus tax Two $18.50/s.f. $12,333.33 plus tax $148,000.00 plus tax Three $19.00/s.f. $12,666.67 plus tax $152,000.00 plus tax Four $19.50/s.f. $13,000.00 plus tax $156,000.00 plus tax Five $20.00/s.f. $13,333.33 plus tax $160,000.00 plus tax 4. Lessee shall continue to be financially responsible to Lessor for the cost of the annual electrical usage for the Premises that exceeds $2.00 per square foot. 5. The effective date of this amendment is the date of execution by the Maricopa County Board of Supervisors. 6. The foregoing paragraphs contain all the changes made by this Amendment No. 4. 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-7015 AMENDMENT No. 04 C-24-99-006-4-05 IN WITNESS WHEREOF, the parties have signed this Amendment No. 4: LESSOR: 3J Harmon, LLC LESSEE: Maricopa County Board of Supervisors By: ____________________________ By: ________________________ Chairman of the Board _______________________________ ATTEST: Title ____________________________ Clerk of the Board Date:_________________ 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