LINOFF AGREEMENT RESOLUTION R2026.XX.DOCX

RESOLUTION NO. R2026.14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY 
OF TEMPE, ARIZONA, AUTHORIZING THE MAYOR TO 
EXECUTE PARKING ADDENDUM NO. 2 AND RELEASE 
(C95-136A2) LINOFF PARKING AGREEMENT. 
WHEREAS, City and Linoff entered into that certain Linoff Parking Agreement (C95-
136) executed on August 22, 1996, and 
WHEREAS, the Parties entered into the First Amendment to the Linoff Parking 
Agreement on September 8, 2016 and recorded at Docket No. 2016-0664370 of the Maricopa 
County Recorder; and 
WHEREAS, neither Linoff nor the Linoff Property have further need for the parking 
spaces provided through the Linoff Parking Agreement; 
WHEREAS, the Parties have mutually agreed that it is in the best interest to release each 
other from the obligations set forth in the Parking Agreement and the First Amendment;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 
OF TEMPE, ARIZONA, as follows:
            
Section 1.  The Mayor is authorized to execute the Second Addendum to Parking 
Agreement and Release C95-136A2 in substantially the form attached.
Section 2.   The City Manager or designee is authorized to take such further actions as 
are necessary to implement the purposes of this Resolution. 
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF TEMPE, 
ARIZONA, this 22nd day of January, 2026.
___________________________________
Corey D. Woods, Mayor
ATTEST:
Kara A. DeArrastia, City Clerk
APPROVED AS TO FORM:
Eric C. Anderson, City Attorney