2014-03-11 ENV SERVICES AT 1001 - AMENDMENT 12 TO LEASE L-7237 (2).DOCX

LEASE No. L-7237 AMENDMENT No. 12
C-88-97-024-4-13
AMENDMENT No. 12 TO LEASE AGREEMENT L-7237
BETWEEN
1001 CENTRAL PARTNERS, LLC, LESSOR
As Successor in Interest to
CENTRAL ROOSEVELT I, LLC
AND
MARICOPA COUNTY, LESSEE
RECITALS
A. Lessor and Lessee are parties to that certain lease Agreement No. L-7237 (Agreement)
dated and approved by the Maricopa County Board of Supervisors October 16, 1996 and
subsequently amended by Amendment No. 1 on December 19, 1996; Amendment No. 2
on December 2, 1998; Amendment No. 3 on January 2, 2000; Amendment No. 4 on April
19, 2000; Amendment No. 5 on August 27, 2003; Amendment No. 6 on March 3, 2004;
Amendment No. 7 on November 1, 2006; Amendment No. 8 on September 2, 2009;
Amendment No. 9 on November 17, 2010, Amendment No. 10 on January 12, 2011; and
Amendment No. 11 on January 11, 2012 (together the “Agreement”). The Agreement is
for leased premises at 1001 N. Central Ave., Phoenix, AZ, consisting of 38,456 rentable
square feet of lease space.
B. The term of the Agreement expires on August 31, 2016.
C. Lessor and Lessee now mutually desire to amend the Agreement to acknowledge and
document an extension of the lease term, establish rental rates during the lease term
extension, and eliminate Lessor’s right to terminate the Agreement early for Lessor’s
convenience.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing and other valuable
considerations, Lessee and Lessor agree to amend Lease Agreement No. L-7237 as
follows:
1. The term of the Agreement shall be extended through June 30, 2018, unless terminated
earlier as provide for in the Agreement. The Agreement is subject to terminate 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:
Lease Year Rate Monthly Annual
9/1/13 – 8/31/14 17.50/s.f. $56,081.67 plus tax $672,980.00 plus tax
9/1/14 – 8/31/15 17.50/s.f. $56,081.67 plus tax $672,980.00 plus tax
9/1/15 – 8/31/16 18.00/s.f. $57,684.00 plus tax $692,208.00 plus tax
9/1/16 – 8/31/17 18.00/s.f. $57,684.00 plus tax $692,208.00 plus tax
9/1/17 – 6/30/18 18.50/s.f. $59,286.33 plus tax $711,436.00 plus tax
3. Section 12 of the original lease document is deleted in its entirety and replaced with the
following:
“LESSEE may terminate this agreement during the term
hereof by giving LESSOR 90-days prior written notice on
intent to terminate by certified mail. In the event LESSEE
terminates this agreement during the term hereof, the rent
payment heretofore made by LESSEE shall be prorated on
the number of days remaining in the final month of
occupancy. In the event of a rent overpayment by
LESSEE, LESSOR shall refund the prorated amount to
LESSEE within 30 days after termination.”
4. The effective date of this Amendment is the date of execution by the Chairman of the
Maricopa County Board of Supervisors
5. The foregoing paragraphs contain all the changes made by this Amendment No. 12. All
other terms and conditions of the original agreement and as modified by subsequent lease
amendments number one, two, three, four, five, six, seven, eight, nine, ten and eleven
remain the same and in full force and effect.
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LEASE No. L-7365 AMENDMENT No. 12
C-85-05-007-0-13
IN WITNESS WHEREOF, the parties have signed this Amendment:
LESSOR: 1001 Central Partners, LLC LESSEE: Maricopa County
By: ____________________________ By: __________________________
Patrick J. Davis Chairman of the Board of Supervisors
Title: Manager
Date: _________________
ATTEST:
____________________________
Clerk of the Board
Date: __________________
This Amendment has been reviewed by the undersigned an 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