SECOND AMENDMENT TO LEASE WITH VALOR ON EIGHTH, LLC.PDF
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Lease No. L7485
C-22-19-029-1-02
1
SECOND AMENDMENT TO LEASE AGREEMENT BETWEEN
VALOR ON EIGHTH, LLC AND MARICOPA COUNTY
RECITALS
A.
Valor on Eighth, LLC, a Wisconsin limited liability company (“Lessor”), and Maricopa County, a
political subdivision of the state of Arizona (“Lessee”) are parties to that certain Lease Agreement
dated May 22, 2019 and amended June 09, 2021 (collectively, the “Lease”). Lessor owns certain
real property that is improved with a 50 unit apartment building (the "Building") and related
improvements and that is commonly referred to as 1001 E. 8th Street, Tempe, Arizona 85281 (the
"Property"). Lessor hereby leases to Lessee approximately 1,535 gross square feet of office/class
space (the "Premises") and Playground Area.
B.
The term of the Lease expires on June 30, 2024.
C.
Lessee and Lessor now mutually desire to enter into this Second Amendment (“Amendment”) to
amend the Lease to: (a) extend the term; and (b) approve certain Lessee alterations.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing and other good and valuable
consideration, receipt and sufficiency of which is hereby acknowledged, Lessee and Lessor agree
to amend the Lease as follows:
1.
The Recitals, by this reference, are hereby incorporated into this Amendment.
2.
Capitalized terms used in this Amendment without definition shall have the meanings assigned to
such terms in the Lease, unless the context expressly requires otherwise.
3.
The Lease term will be extended five (5) years to commence on July 1, 2024 and expires June 30,
2029.
4.
Lessor authorizes Lessee to make alterations to the Premises and Playground Area (“Additional
Alterations”) as per Exhibit “F” which is attached hereto and made a part hereof.
4.1
Lessee shall be financially responsible for all costs associated with design, permitting,
purchase, and installation of the work associated with the Additional Alterations in an
amount no greater than twenty-nine thousand and 00/100 dollars ($29,000). The Lessor shall
not be financially responsible for any costs associated with the Additional Alterations.
4.2
Lessee shall be responsible for performing the work required to complete the Additional
Alterations. All work must conform to and be in substantial accordance in quality and
appearance with the quality and appearance of the alterations in the remainder of the
Building.
4.3
Prior to the commencement of the Additional Alterations, Lessee shall ensure the contractor
has purchased and maintains throughout construction all standard insurance coverage at
levels standard in the industry from a company or companies duly licensed by the State of
Arizona and require its subcontractors to maintain equivalent insurance based in their trade
and participation in the work.
Lease No. L7485
C-22-19-029-1-02
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4.4
Lessee hereby designates Bryan Jorgenson as its representative and agent for the purpose of
questions associated with the Additional Alterations.
Maricopa County Facilities Management Department
Attn: Bryan Jorgenson
401 W Jefferson Street
Phoenix, Arizona 85003
602-292-5171
Bryan.Jorgenson@maricopa.gov
5.
The Lease is subject to termination pursuant to A.R.S. 38-511, the provisions of which are
incorporated herein by this reference.
6.
Lessor warrants and certifies that it does not currently, and agrees for the duration of the Lease
that it will not, use:
6.1
The forced labor of ethnic Uyghurs in the People's Republic of China.
6.2
Any goods or services produced by the forced labor of ethnic Uyghurs in the People's
Republic of China.
6.3
Any contractors, subcontractors or suppliers that use the forced labor or any goods or
services produced by the forced labor of ethnic Uyghurs in the People's Republic of China.
If Lessor becomes aware during the term of the Lease that the Lessor is not in compliance with
this paragraph, Lessor shall notify Lessee within five (5) business days after becoming aware of
the noncompliance. Failure of Lessor to provide a written certification that Lessor has remedied
the noncompliance within one hundred eighty (180) days after notifying Lessee of its
noncompliance, this Lease shall terminate unless the term of this Lease shall end prior to said one
hundred eighty (180) day period.
7.
The foregoing paragraphs contain all the changes made by this Amendment. All other terms and
conditions of the Lease remain the same and in full force and effect, except as expressly herein
amended.
THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
Lease No. L7485
C-22-19-029-1-02
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IN WITNESS WHEREOF, the Parties have fully executed this Amendment as of the last date written below.
LESSEE:
Maricopa County, a political subdivision of the State of Arizona
____________________________________
Bill Gates
Chairman of the Board of Supervisors
ATTEST:
____________________________________
Clerk of the Board
Date
APPROVED as to FORM:
____________________________________
Deputy County Attorney
Date
Lease No. L7485
C-22-19-029-1-02
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LESSOR:
Valor on Eighth, LLC, a Wisconsin limited liability company
By:
Valor on Eighth MM, LLC, a Wisconsin limited liability company, its Managing Member
By: GEC VOE, LLC, a Wisconsin limited liability company, its Manager
By: Gorman Holdings, Inc., a Wisconsin corporation, its Manager
By:
Gary J. Gorman, its President
Lease No. L7485
C-22-19-029-1-02
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Exhibit “F”
Additional Alterations
Program: Maricopa County Human Services Department – Early Education Division
Project Request # 21-197 – Valor on 8th
Project Description:
1. Installation of an automatic water faucet and in-line water filter in the main childcare area sink.
2. Modify the light over the sink in main area to convert to flush lighting (currently a pendant style).
3. Install a decorative iron (or similar material) barrier around water valve boxes located on the Playground
Area.
Project Budget:
Not to exceed $29,000
By signing below, each party acknowledges and concurs with the scope of this project and agrees that work may begin.
______
____
___________________
Contractor
Signature
Date
________________________
______________________
___________________
Owner
Signature
Date
_NA_____________________
______________________
___________________
Operator
Signature
Date
_________________________
_______________________
___________________
Maricopa County Human
Signature
Date
Services Department