SONRISE LEASE L-7457 AMEND 3.PDF
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L-7457 Amendment No. 3 C-22-15-045-1-03 Page 1 of 2 AMENDMENT No. 3 to LEASE AGREEMENT L-7457 BETWEEN SON RISE FAITH COMMUNITY CENTER, Inc. (“LESSOR”) AND MARICOPA COUNTY (“LESSEE”) RECITALS A. Lessor and Lessee (collectively, the “Parties”) are Parties to that certain Lease Agreement No. L-7457 dated February 18, 2015 and subsequently amended on May 24, 2015 and June 7, 2017 (collectively, the “Lease”). The Lease is for the Premises that is located at 800 West Galveston Street, Chandler, Arizona 85225 (the “Property”) and consists of 1,527 square feet of Head Start and Early Head Start classroom space and non-exclusive use of common area playground facilities. B. The term of the Lease expires on May 30, 2020. C. Lessee now desires to enter into this Amendment No. 3 to the Lease (“Amendment No. 3”) to exercise the Lessee option to extend the term of the Lease for one (1) additional three (3) year term, adjust the monthly lease and utility rate and make certain Tenant Improvements as hereinafter defined. AGREEMENT NOW THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, receipt and sufficiency of which the Parties hereby acknowledge, Lessee and Lessor agree to amend the Lease as follows: 1. The term of the Lease is hereby extended approximately three (3) years, commencing May 31, 2020 and expiring May 31, 2023. The Lease is subject to termination pursuant to A.R.S. § 38-511, the provisions of which are incorporated herein by this reference. 2. Effective June 1, 2020 the rental rate is hereby increased to (One Thousand Twenty Six Dollars and Ninety Cents) $1,026.90 per month or $12,322.80 per year. 3. Lessee, at Lessee’s sole cost and expense, shall remove and replace playground turf, or, repair perimeter edges of existing turf (the “Tenant Improvements”). 4. The effective date of this Amendment No. 3 is the date of execution by the Chairman of the Maricopa County Board of Supervisors. 5. Capitalized terms not defined herein shall have the definitions in the Lease. L-7457 Amendment No. 3 C-22-15-045-1-03 Page 2 of 2 6. The foregoing paragraphs contain all the changes made by this Amendment No. 3. All other terms and conditions of the Lease remain the same and in full force and effect. IN WITNESS WHEREOF, the Parties have signed this Amendment No. 3: LESSOR: Son Rise Faith Community LESSEE: Maricopa County Center, Inc. ____________________________________ ____________________________________ Clint L. Hickman Fredrick Browning, Pastor & CEO Chairman of the Board of Supervisors Attest: ____________________________________ Date ____________________________________ Clerk of the Board Date Approved as to Form: ____________________________________ Deputy County Attorney Date