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ORDINANCE NO. O23-25 AN ORDINANCE OF THE COUNCIL OF THE CITY OF GLENDALE, MARICOPA COUNTY, ARIZONA, AUTHORIZING THE CITY TO ENTER INTO A COMMERCIAL LEASE AGREEMENT WITH YAM WESTGATE LLC. AND DIRECTING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR THE LEASE AND AUTHORIZED PAYMENTS AND DIRECTING THE CITY CLERK TO RECORD A CERTIFIED COPY OF THIS ORDINANCE. WHEREAS, it is in the public interest for the City of Glendale to lease the property Suite E430, 6751 North Sunset Boulevard, Glendale, Arizona 85305 as described in this ordinance; and BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GLENDALE as follows: SECTION 1. The City Manager of the City of Glendale is authorized and directed to enter into the attached Lease with YAMS WESTGATE, LLC and execute the necessary documents to complete the lease of the property described in Exhibit “A” attached to this ordinance and incorporated by reference, to YAMS WESTGATE LLC. SECTION 2. That the duly authorized officers of the City of Glendale are authorized and directed to approve all sums necessary for the lease of such real property in accordance with the Ground Lease. SECTION 3. That the provisions of this ordinance shall become effective thirty (30) days after passage of this ordinance by the Glendale City Council. [Signatures on the following page] PASSED, ADOPTED AND APPROVED by the Mayor and Council of the City of Glendale, Maricopa County, Arizona, this 27th day of June 2023. Mayor Jerry P. Weiers ATTEST: Julie K. Bower, City Clerk (SEAL) APPROVED AS TO FORM: Michael D. Bailey, City Attorney REVIEWED BY: Kevin R. Phelps, City Manager