Tenth Amendment to 660 S. Palm Lane Agreement
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Lease No. L-7178 Amendment No. 10 C-22-05-115-4-11 AMENDMENT o LEASE AGREEMENT Between And RECITALS A. Lessor and Lessee (collectively, t certain Lease Agreement No. L-7178 dated December 13, 2004 and subsequently amended on November 14, 2007, February 11, 2010, January 3, 2012, October 31, 2012, April 26, 2013, March 17, 2015, March 23, 2016, June 7, 2017, and June 24, 2020 . The Agreement is for the use of 1,000 square feet of the City of Chandler owned recreation building to include covered patio and playground, approximately 2,200 square feet, at 660 South Palm Lane, Chandler, Arizona. B. The term of the Agreement expires on June 30, 2022. C. Lessor and Lessee now mutually desire to enter into this Amendment No. 10 to the Agreement to extend the term of the Agreement, provide renewal option, and update counterpart signature language. AGREEMENT NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, Lessor and Lessee now agree to amend the Agreement as follows: 1. The Recitals, by this reference, are incorporated into this Agreement. 2. Capitalized terms used in this Amendment without definition shall have the meanings assigned to such terms in the Agreement, unless the context expressly requires otherwise. 3. The term of the Agreement is hereby extended two (2) years, commencing on July 1, 2022 and expiring on June 30, 2024. The Agreement is subject to termination pursuant to the provisions of A.R.S. §38-511. 4. During the term commencing on July 1, 2022 and expiring on June 30, 2024, Lessee agrees to pay as base rent in equal monthly installments as follow: Monthly Fiscal Year $333.33 $3,999.96 plus rental tax 5. Renewal Option. this Agreement for one (1) additional period of two (2) years at the same terms and Lease No. L-7178 Amendment No. 10 C-22-05-115-4-11 conditions of the then Agreement in effect. If Lessee wants to exercise the Renewal Option, Lessee will provide Lessor written notice at least 90 days prior to the Agreement expiration date. The Agreement shall be renewed upon mutual agreement by both parties in writing. 6. Section 7. of Amendment 9 to the Agreement, is hereby deleted in its entirety and replaced with the following: Counterpart; Electronic Signatures. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Electronic signatures shall have the same force and effect as original signatures. 7. The effective date of this Amendment is the date of execution by the Maricopa County. 8. The foregoing paragraphs contain all the changes made by this Amendment. All other terms and conditions of the Agreement remain the same and in full force and effect, except as herein amended. THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK Lease No. L-7178 Amendment No. 10 C-22-05-115-4-11 IN WITNESS WHEREOF, the Parties have signed this Amendment. LESSOR: City of Chandler, an Arizona Municipal Corporation ____________________________________ Kevin Hartke, Mayor ATTEST: _____________________________________ City Clerk Date APPROVED as to FORM: _____________________________________ City Attorney Date Lease No. L-7178 Amendment No. 10 C-22-05-115-4-11 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